The St. Louis Fed’s Financial Stress Index rose to -0.007 in the week ended June 12 from -0.385 in the prior week. Financial market stresses had eased in recent weeks as government and central bank efforts to ensure smooth functioning continued to exercise their influence. However, on June 10 Chair Jerome Powell delivered an assessment of the economic outlook that killed much of the optimism that the June 5 employment data had generated.
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.