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On the radar: St. Louis Financial Stress Index higher in week ended June 12

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.

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