| --- |
| title: "Financial Stress" |
| description: "Kansas City Fed Financial Stress Index (KCFSI) + ECB EU Financial Stress Indicator — 11-indicator stress composites with level-coloured interpretation." |
| --- |
|
|
| The **Financial Stress** panel (internal id `fsi`) surfaces two parallel stress composites — one for the US, one for the EU — in a single reading so analysts can see when financial-market stress is co-moving across the two anchors. |
|
|
| ## What the panel shows |
|
|
| Two side-by-side readings: |
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| - **US KCFSI** — Kansas City Fed Financial Stress Index: 11-indicator composite built from yield spreads, volatility, and cross-correlations. Positive values indicate above-average stress; negative values, below-average. |
| - **EU FSI** — ECB's EU Financial Stress Indicator. |
|
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| Each reading includes: |
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| - **Current level** with a label (`Low Stress` / `Moderate Stress` / `Elevated Stress` / `High Stress`). |
| - **Colour-bucketed indicator** — green (`#27ae60`) at Low, orange (`#f39c12`) at Moderate, burnt orange (`#e67e22`) at Elevated, and deep red (`#c0392b`) at High (`fsiLabelColor()` in `src/components/FSIPanel.ts`). |
| - **Interpretation string** explaining what the current level means for financial conditions (`fsiInterpretation()`). |
|
|
| Panel id is `fsi`; canonical component is `src/components/FSIPanel.ts`. Title from i18n; config name: "Financial Stress". |
|
|
| ## How you reach it |
|
|
| - **Cmd+K**: type *fsi*, *financial stress*, or *kcfsi*. |
| - **Availability by variant**: registered in the **full/geopolitical** variant (disabled by default — opt-in, `enabled: false, priority: 2`) and enabled by default in the **finance** variant (`priority: 1`). Not present in the tech, commodity, or happy variants. Source: `'fsi'` entries in `FULL_PANELS` (`:108`-ish) and `FINANCE_PANELS` of `src/config/panels.ts`. |
|
|
| ## Data sources |
|
|
| The panel uses generated RPC clients directly and prefers bootstrap-hydrated values before fresh calls. |
|
|
| | Reading | Method + route | Feeds | |
| |---|---|---| |
| | US KCFSI | `GET /api/market/v1/get-fear-greed-index` | KCFSI value and market-stress inputs from the Fear & Greed payload; bootstrap-first via `fearGreedIndex`. | |
| | EU FSI | `GET /api/economic/v1/get-eu-fsi` | ECB CISS `SS_CIN` latest value and history; bootstrap-first via `euFsi`. | |
|
|
| Upstream KCFSI data is from the Federal Reserve Bank of Kansas City; EU FSI is |
| from the ECB CISS `SS_CIN` daily series, the live successor to the legacy |
| `SS_CI` series. |
|
|
| EU FSI label buckets follow the seeded CISS value directly: |
|
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| | ECB CISS `SS_CIN` value | Label | |
| |---:|---| |
| | `< 0.2` | Low Stress | |
| | `>= 0.2` and `< 0.4` | Moderate Stress | |
| | `>= 0.4` and `< 0.6` | Elevated Stress | |
| | `>= 0.6` | High Stress | |
|
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| ## Refresh cadence |
|
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| Weekly for KCFSI (published by KC Fed). EU FSI is seeded daily from the ECB |
| CISS `SS_CIN` daily series. The panel reads the hydrated snapshot on mount; no |
| polling. |
|
|
| ## Tier & gating |
|
|
| **Free.** No `premium` flag in either variant registration. Both backing RPCs are public. |
|
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| ## API reference |
|
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| - [Economic service](/api/EconomicService.openapi.yaml) — includes `GetEuFsi` and the broader macro family. |
| - [Markets service](/api/MarketService.openapi.yaml) — includes the KCFSI series. |
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|
