Financial stress in the economy eased a bit more last month, according to the Federal Reserve Bank of Kansas City.
The bank looks at interest rates, stock prices and bond returns to calculate the level of stress in the financial system. An index those calculations produce dipped to -0.66 from -0.51 in June.
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Any number below zero shows less financial stress than average while an index above zero shows above average stress. During the financial crisis, the index climbed to nearly 6.0. Other peak stresses in the financial system since 1990 were roughly around 1.0.