Macro

What central banks are doing – live and easy to follow.

Balance sheets of the Fed, ECB and Bank of Japan, Net Liquidity and global liquidity straight from the source. With flexible time ranges and aggregation.

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Macro · Liquidity
Net Liquidity (Fed − TGA − RRP)
1M6M1Y5YMaxWeekly
Fed balance sheet
$7.12 T
ECB balance sheet
€6.38 T
BoJ balance sheet
¥742 T
Global liquidity
$28.9 T

Fed, ECB, BoJ

Balance sheets, policy rates and money supply of the three major central banks, updated automatically.

Net Liquidity

Fed balance sheet minus TGA minus reverse repo – the metric many market observers track, calculated for you.

Global liquidity

All balance sheets converted to US dollars and combined into one series.

Ranges & aggregation

From one month to full history, aggregated daily, weekly or monthly.

How it looks in Simple and Expert

Simple
Net Liquidity
Liquidity has been rising for four weeks.
Fed balance sheet
The Fed is shrinking its balance sheet more slowly.
Global liquidity
There is more money in the system worldwide than a year ago.
Expert
Net Liquidity
$5.86 T · 4w Δ +$112 B · z = 1.4
Fed balance sheet
WALCL $7.12 T · QT pace −$25 B/m
Global liquidity
$28.9 T · YoY +4.1 % · FX-adjusted

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