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Federal Reserve vulnerability index reaches 65th percentile in second quarter

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  • Federal Reserve staff’s FVI reached the 65th percentile during the second quarter of 2026.
  • The index classifies the 61st-to-80th percentiles as notable and 81st-to-100th as elevated.
  • Michele Modugno, Benjamin Roscoe and Sarah Zoi introduced the FVI in a September 2026 paper.
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