Fed Liquidity Dashboard
Real-time Fed liquidity metrics monitoring
Market Sentiment Index
Net Liquidity vs S&P 500
Net Liquidity — The liquidity that moves markets
Calculated by subtracting the TGA (Treasury General Account) and reverse repo balances from total Fed assets, representing the actual liquidity supplied to the financial system.
This metric has shown a structural correlation with the S&P 500 and is used to gauge the real-world impact of monetary policy.
— Expanding balance fosters a risk-on environment
— Contracting balance tightens financial conditions, pressuring valuations
The Fed continues QT, and net liquidity has declined meaningfully from its peak.
Korea-US Comparison
BOK vs Fed Funds Rate
Korea CPI vs US CPI (YoY%)
A widening Korea-US rate differential increases pressure for KRW weakness. Spread >2%p = KRW weakness risk, 0-2%p = neutral, <0%p = KRW strength. CPI shown as YoY%; both central banks target 2% inflation.