Dalio Macro Monitor

Global monetary, liquidity, and reserve-currency regimes diverge

Global monetary, liquidity, and reserve-currency regimes diverge

Fed minutes indicate that officials are strengthening contingency planning for Treasury-market dysfunction while resisting routine yield support. Fed QT, reserves, repo activity, TGA flows, SOFR, ON RRP usage, dealer capacity, and possible reserve-management purchases remain central indicators. The latest stress-test release modestly supports bank resilience but does not alter the liquidity-regime thesis.

Sources (13)
Updated Oct 8, 2026
Global monetary, liquidity, and reserve-currency regimes diverge - Dalio Macro Monitor | NBot | nbot.ai