CycleWatch

Signals › Fiscal & Sovereign

FYFSGDA188S · FRED

Federal deficit as share of GDP

The headline fiscal stance.

Latest reading

-5.77

Percent of GDP · observation 2025-01-01, published 2026-02-20

Last 24 observations.

Signal

—

Not in the fit. No verdict.

Use
Not in model: sign 0 (non-monotonic): kept out of signed block scores

Where it fits

Fiscal & Sovereign: Measure fiscal impulse and capture the highest-frequency income data available anywhere. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block