Kansas Fed heralds more stable banking sector
The Kansas City Federal Reserve on Monday published figures on the Kansas City Financial Stress Index showing a 0.2 of a point drop in the index from 0.31 to 0.11 of a point in January, indicating that financial stress is continuing to ease.
The stress index, a monthly composite of 11 variables measuring variations in the behaviour of asset prices and yield spread, measures stress levels in the US financial system. A positive value indicates financial stress is above average and a negative value
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