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US financial conditions loosest in 3 years, Chicago Fed data show

from Financial Times

U.S. financial conditions reached their loosest point in three years last week, offering a mixed blessing to the Federal Reserve as it tightens monetary policy. The Chicago Federal Reserve’s national financial conditions index fell to 0.9, from 0.878 the previous week — the lowest level since since July 2014. A reading of zero is average, with any number below that mark suggesting conditions are loose. more

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