The St. Louis Fed’s Financial Stress Index fell 1.090 points to 0.865 in the week ended Friday, May 1. The level was the lowest since 0.550 in the February 28 week. The current reading hinted that financial market conditions are responding positive to measures taken by the Fed to ease strains. Things are not nearly back to normal but the availability of liquidity and the pervasive presence of the lender of last resort is helping markets navigate choppy waters.
Disclaimer: Whetstone Analysis provides commentary as a service to its subscribers. Whetstone Analysis is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site. While the information contained within the site is periodically updated and every effort is made to ensure its accuracy, no guarantee is given that the information provided in this Web site is correct, complete, and up-to-date. Click here to read our full Disclaimer.