Chicago Fed NFCI stands at -0.6 as of August 21, 2026, down from -0.5 a year earlier. The reading sits in the 29th percentile of its history back to 1971.
| Latest (August 21, 2026) | -0.6 |
| One year ago | -0.5 |
| 10-year range | -0.7 – 0.3 |
| All-time range | -1.1 (1993) – 5.2 (1974) |
| Standing | Lowest since 2021 |
| Change over 12 months | −0.0 — peaked at -0.5 in 2026 |
| Percentile vs. full history | 29th |
| History | 1971–2026 (2903 observations) |
The Chicago Fed National Financial Conditions Index, a composite of 105 indicators of risk, credit, and leverage. Zero equals average conditions; negative is looser than average, positive tighter. Sharp moves above zero accompany financial stress events.
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<a href="https://www.tacticalassetallocation.com/charts/chicago-fed-nfci/">Chicago Fed NFCI — Cambria Chart Lab</a>
Data: download CSV (source: FRED (Federal Reserve Economic Data)).