US financial-conditions stress panel (Chicago Fed NFCI/ANFCI, weekly)
Weekly US financial-conditions stress panel, 1971-01-08 onward: the Chicago Fed National Financial Conditions Index (NFCI) and its business-cycle-adjusted variant (ANFCI) — weighted averages of 105 financial indicators in money, debt, equity and banking markets, in standard deviations from the historical mean, redistributed keyless via FRED fredgraph.csv. Positive values mean conditions tighter than average. Carries week-over-week changes, a trailing-52-week NFCI z-score, the NFCI-minus-ANFCI business-cycle gap, a stress flag (NFCI > 0) and a severe-stress flag (NFCI > 1.0, ~13% of weeks since 1971). One row per Friday publication week; both series are complete over the whole grid, so any null fails loudly. Who joins this: subscription businesses watch stress_flag for churn-risk regimes; B2B sales teams time outreach away from severe_stress_flag weeks; macro models condition consumer-spending forecasts on the NFCI level.
- Rows
- 2,908
- Columns
- 12
- Source cadence
- Weekly
- Last refreshed
- Sep 30, 2026
- Theme
- markets
| Column | Type | Description |
|---|---|---|
| date | date | NFCI publication week, dated Friday (panel join key). One row per week; no gaps on the grid. (unit: date) |
| year_month | string | Calendar month as YYYY-MM. (unit: string) |
| country | string | Country name (shared normalization layer). (unit: string) |
| country_code | string | ISO 3166-1 alpha-3 country code (USA). (unit: string) |
| nfci | float | Chicago Fed National Financial Conditions Index (FRED NFCI): weighted average of 105 financial indicators (money, debt, equity, banking/shadow-banking) in standard deviations from the historical mean. Positive = tighter than average. The binding series: the panel grid is its publication calendar. (unit: index (std dev from mean)) |
| anfci | float | Chicago Fed Adjusted National Financial Conditions Index (FRED ANFCI): the NFCI purged of the variation explained by current economic conditions and the business cycle. Same units/scale as NFCI. (unit: index (std dev from mean)) |
| nfci_wow_chg | float | Week-over-week change in the NFCI (null for the first panel week). (unit: index points) |
| nfci_52w_zscore | float | Trailing-52-week z-score of the NFCI level (null for the first 52 panel weeks): how unusual this week's tightening is versus its own recent year. (unit: std dev) |
| nfci_minus_anfci | float | NFCI minus ANFCI: the portion of the week's financial tightening attributable to current economic conditions / the business cycle. (unit: index points) |
| stress_flag | integer | 1 when nfci > 0 (financial conditions tighter than the historical average; ~29% of weeks since 1971), 0 otherwise. (unit: flag) |
| severe_stress_flag | integer | 1 when nfci > 1.0 (historically severe tightening; ~13% of weeks since 1971), 0 otherwise. (unit: flag) |
| row_hash | string | Deterministic 16-hex sha256 of date + the NFCI level (idempotency key). (unit: string) |
First 10 sample rows — a preview, not the complete dataset.
| date | year_month | country | country_code | nfci | anfci | nfci_wow_chg | nfci_52w_zscore | nfci_minus_anfci | stress_flag | severe_stress_flag | row_hash |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1971-01-08 | 1971-01 | United States | USA | 0.602 | 0.607 | — | — | -0.005 | 1 | 0 | 7ffad41bb9610f06 |
| 1971-01-15 | 1971-01 | United States | USA | 0.634 | 0.661 | 0.032 | — | -0.027 | 1 | 0 | 0c7e63ee0d6e7515 |
| 1971-01-22 | 1971-01 | United States | USA | 0.672 | 0.734 | 0.038 | — | -0.062 | 1 | 0 | 85c9b86029953ca3 |
| 1971-01-29 | 1971-01 | United States | USA | 0.713 | 0.816 | 0.041 | — | -0.103 | 1 | 0 | 51cd9b408800b192 |
| 1971-02-05 | 1971-02 | United States | USA | 0.756 | 0.899 | 0.043 | — | -0.143 | 1 | 0 | 699c1c3f396c34b8 |
| 1971-02-12 | 1971-02 | United States | USA | 0.798 | 0.974 | 0.042 | — | -0.176 | 1 | 0 | d1494bd9eb6e676d |
| 1971-02-19 | 1971-02 | United States | USA | 0.84 | 1.031 | 0.042 | — | -0.191 | 1 | 0 | ea8fafa07bf4b6fa |
| 1971-02-26 | 1971-02 | United States | USA | 0.881 | 1.067 | 0.041 | — | -0.186 | 1 | 0 | a84d4211bd63d3ce |
| 1971-03-05 | 1971-03 | United States | USA | 0.923 | 1.082 | 0.042 | — | -0.159 | 1 | 0 | 4302517d7a65ebb9 |
| 1971-03-12 | 1971-03 | United States | USA | 0.969 | 1.082 | 0.046 | — | -0.113 | 1 | 0 | 8a2717b1d109dca7 |
Profiled Oct 1, 2026 from snapshot 20260930T220353Z-ab2f239fe129
Measured- Completeness
- 99.9%
- Rows
- 2,908
- Columns
- 12
- Columns with gaps
- 2
| Column | Missing | Distinct | Range | Distribution |
|---|---|---|---|---|
| datedate | 0% | 3,193 | Jan 8, 1971 → Sep 25, 2026 | — |
| year_monthvarchar | 0% | 687 | — |
|
| countryvarchar | 0% | 1 | — |
|
| country_codevarchar | 0% | 1 | — |
|
| nfcidouble | 0% | 1,433 | -1.1 → 5.23median -0.3895 | 60 outside 1st–99th percentile |
| anfcidouble | 0% | 1,519 | -1.34 → 5.2median -0.384 | 60 outside 1st–99th percentile |
| nfci_wow_chgdouble | 0.03% | 916 | -0.319 → 0.368median -0.002 | 61 outside 1st–99th percentile |
| nfci_52w_zscoredouble | 1.8% | 2,747 | -2.6 → 5.3median -0.3298 | 58 outside 1st–99th percentile |
| nfci_minus_anfcidouble | 0% | 1,527 | -1.08 → 1.22median -0.015 | 60 outside 1st–99th percentile |
| stress_flagbigint | 0% | 2 | 0 → 1median 0 | |
| severe_stress_flagbigint | 0% | 2 | 0 → 1median 0 | |
| row_hashvarchar | 0% | 2,767 | — |
|
- Current
20260930T220353Z-ab2f239fe129 · sha256 ab2f239fe129…
2,908 rows · first snapshot
Point any LLM at the metadata endpoint — the documentation above is machine-readable too (JSON-LD + Croissant).
curl "https://datazimuts.com/v1/datasets/fred_financial_stress_intel/us_financial_conditions_stress_weekly" | jq '{title, rows, columns_count, license}'import requests
ds = requests.get("https://datazimuts.com/v1/datasets/fred_financial_stress_intel/us_financial_conditions_stress_weekly").json()
print(ds["title"], ds["rows"], "rows")
# Sample rows for an LLM context window
for row in ds.get("sample_rows", [])[:5]:
print(row)API endpoint: https://datazimuts.com/v1/datasets/fred_financial_stress_intel/us_financial_conditions_stress_weekly
Tip: fetch /llms.txt for the full machine-readable catalog.
Where this data comes from and what was made from it. Other people's work shows as counts; only shared projects are named.
Cite this snapshot
Pinned to snapshot 20260930T220353Z-ab2f239fe129 and its content hash, so readers get exactly the data you used.
US Financial-Conditions Stress Intelligence (FRED, keyless). (2026). US financial-conditions stress panel (Chicago Fed NFCI/ANFCI, weekly) [Data set, snapshot 20260930T220353Z-ab2f239fe129, sha256 ab2f239fe129]. Datazimuts. Retrieved 2026-10-01, from https://datazimuts.com/en/datasets/fred_financial_stress_intel/us_financial_conditions_stress_weekly?snapshot=20260930T220353Z-ab2f239fe129
@misc{dz_fred_financial_stress_intel_us_financial_ab2f239f,
title = {{US financial-conditions stress panel (Chicago Fed NFCI/ANFCI, weekly)}},
author = {{US Financial-Conditions Stress Intelligence (FRED, keyless)}},
year = {2026},
publisher = {Datazimuts},
howpublished = {\url{https://datazimuts.com/en/datasets/fred_financial_stress_intel/us_financial_conditions_stress_weekly?snapshot=20260930T220353Z-ab2f239fe129}},
note = {Snapshot 20260930T220353Z-ab2f239fe129, sha256 ab2f239fe129caca5631552df855010cda8130cbf01d2dbbf5871d397f766e4a; accessed 2026-10-01}
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