KCFSI Suggests Financial Stress Remains SubduedThe level of financial stress is still subdued.
The Kansas City Financial Stress Index (KCFSI) decreased from -0.56 in April to -0.74 in May.
The second table documents the contribution of each variable to the index. Yield spreads collectively subtracted 0.08 from the KCFSI in May. The
behavior of asset prices subtracted 0.10 from the KCFSI in May.