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On the radar: St. Louis Fed Financial Stress Index essentially unchanged in week ended May 15

The St. Louis Fed’s Financial Stress Index for the week ended May 15 was up a negligible 0.005 to 0.617 after 0.611 in the prior week. The index seems to be consistent with less stress in financial markets. Some of the stability may be due to a number of Fed credit facilities coming online and less general volatility in financial markets as the economic outlook is clearer, if still for a deep recession.

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