Financial Conditions
Composite indexes measuring overall financial ease or stress — a key proxy for market liquidity.
Overview
The index aggregates rates, spreads, equities, dollar strength, and volatility to evaluate whether conditions are tightening or loosening.
Interpretation
-
High FCI = tight liquidity (bearish).
-
Low FCI = loose liquidity (bullish).
-
Sahm Rule ≥ 0.5 → Recession trigger.
Available Metrics