Fed Net Liquidity Tracker
Track Fed net liquidity live: Balance Sheet − TGA − RRP, the primary structural driver of risk-asset prices, plus financial conditions and real-rate decomposition.
Net liquidity, computed for you
Fed Balance Sheet − TGA − RRP in one line, with history — no spreadsheets, no FRED pulls.
Financial conditions composite
Credit spreads, real rates, the dollar and carry distilled into a single 0–100 conditions score and posture.
Real-rate decomposition
10Y split into real rate + breakeven so you see whether moves are growth or inflation driven.
Regime context
Liquidity placed on a growth/inflation quadrant with the sectors that lead and lag each regime.
What is Fed net liquidity?
Net liquidity is the Federal Reserve balance sheet minus the Treasury General Account (TGA) and minus reverse repo (RRP). It approximates the dollars available to chase risk assets, and tends to lead equity-index direction.
How often does it update?
The components update on the Fed and Treasury release schedule; the dashboard recomputes and re-plots net liquidity automatically through each session.
Open the Macro Dashboard terminal →