Broad Financial Conditions
Six macro/liquidity indicators from FRED. Each is read on its own — no blended score. Dollar aggregates show percentage change; rates, the yield-curve spread and the financial conditions index show absolute point change instead, since percentage terms are misleading for values that are small, negative, or cross zero.
| # | Indicator | Current | 1-Month Change | 1-Year Change |
|---|---|---|---|---|
| 1 | M2 Money Supply Cash, checking deposits, and savings circulating through the economy. as of Aug 2026 | $23.34T | +0.54% | +5.7% |
| 2 | Fed Balance Sheet Total assets the Federal Reserve holds, mainly Treasury and mortgage bonds. as of 21 Oct | $6.75T | +0.09% | +2.5% |
| 3 | Total Bank Credit Total loans and securities held by all US commercial banks. as of 14 Oct | $20.00T | +0.51% | +6.2% |
| 4 | Chicago Fed Financial Conditions Index Measures how loose or tight financial conditions are versus history. as of 16 Oct | -0.496 | +0.03pts | +0.02pts |
| 5 | 10Y-2Y Treasury Yield Spread Gap between long and short-term Treasury yields; often predicts recessions. as of 23 Oct | 0.31% | +0.05pts | -0.22pts |
| 6 | Effective Fed Funds Rate The interest rate banks charge each other for overnight loans. as of 22 Oct | 3.88% | +0.00pts | -0.23pts |
Data last updated Fri, 23 Oct 2026 21:54:14 GMT. Source: FRED (Federal Reserve Bank of St. Louis).