> For the complete documentation index, see [llms.txt](https://docs.glassnode.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.glassnode.com/basic-api/endpoints/macro.md).

# Macro

## Euro Area Central Bank Balance Sheet

> \*\*Definition.\*\* Euro Area Central Bank Balance Sheet tracks the total assets held by the European Central Bank (ECB). Changes in the balance sheet reflect the ECB\&#x27;s monetary policy actions, including asset purchases and lending programs.\n\n\*\*Technical.\*\* Updated weekly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroCentralBankBalanceSheet?a=BTC>)<br>

```json
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```

## Euro Area Consumer Confidence

> \*\*Definition.\*\* Euro Area Consumer Confidence measures the degree of optimism consumers feel about the overall state of the Euro Area economy and their personal financial situation, used as a key indicator of consumer spending and economic activity.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroConsumerConfidence?a=BTC>)<br>

```json
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```

## Euro Area Core Inflation Rate

> \*\*Definition.\*\* Euro Area Core Inflation Rate measures the change in prices of goods and services in the Euro Area, excluding volatile food and energy components. It provides a clearer picture of underlying inflation trends and is an input for ECB monetary policy decisions.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroCoreInflationRate?a=BTC>)<br>

```json
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```

## Euro Area GDP

> \*\*Definition.\*\* Euro Area GDP measures the total gross domestic product of the Euro Area, representing the total value of all goods and services produced. It is the broadest measure of economic activity and health in the region.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroGdp?a=BTC>)<br>

```json
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```

## Euro Area Government Debt

> \*\*Definition.\*\* Euro Area Government Debt is the total outstanding debt of Euro Area governments, used as an indicator of fiscal health and the overall debt burden carried by the region\&#x27;s public sector.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroGovernmentDebt?a=BTC>)<br>

```json
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```

## Euro Area Government Debt to GDP

> \*\*Definition.\*\* Euro Area Government Debt to GDP is the ratio of the Euro Area\&#x27;s total government debt to its gross domestic product, used as an indicator of fiscal sustainability and the ability of governments to manage their debt obligations.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroGovernmentDebtToGdp?a=BTC>)<br>

```json
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```

## Euro Area Government Spending to GDP

> \*\*Definition.\*\* Euro Area Government Spending to GDP is the ratio of total government expenditure to gross domestic product in the Euro Area, used as an indicator of the size of government relative to the economy and of fiscal policy stance.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroGovernmentSpendingToGdp?a=BTC>)<br>

```json
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```

## Euro Area Inflation Expectations

> \*\*Definition.\*\* Euro Area Inflation Expectations is the anticipated rate of inflation in the Euro Area over a future period, reflecting market and consumer expectations about price stability and closely monitored by the European Central Bank for monetary policy decisions.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroInflationExpectations?a=BTC>)<br>

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```

## Euro Area Interest Rate

> \*\*Definition.\*\* Euro Area Interest Rate tracks the European Central Bank\&#x27;s key refinancing rate, which influences borrowing costs across the Euro Area and is the primary tool used by the ECB to manage inflation and support economic stability.\n\n\*\*Technical.\*\* Updated as ECB Governing Council decisions are made.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroInterestRate?a=BTC>)<br>

```json
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```

## Euro Area Money Supply M2

> \*\*Definition.\*\* Euro Area Money Supply M2 measures the total amount of liquid money circulating in the Euro Area economy. It includes cash, checking deposits, savings deposits, and retail money market funds, and serves as a reference for overall liquidity and monetary conditions.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.EuroMoneySupplyM2?a=BTC>)<br>

```json
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```

## US Central Bank Balance Sheet

> \*\*Definition.\*\* US Central Bank Balance Sheet tracks the total assets held by the Federal Reserve. Changes in the balance sheet reflect the Fed\&#x27;s monetary policy actions, including asset purchases and lending programs.\n\n\*\*Technical.\*\* Updated weekly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsCentralBankBalanceSheet?a=BTC>)<br>

```json
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```

## US Consumer Confidence

> \*\*Definition.\*\* US Consumer Confidence measures the degree of optimism consumers feel about the overall state of the United States economy and their personal financial situation, used as a key indicator of consumer spending and economic activity.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsConsumerConfidence?a=BTC>)<br>

```json
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```

## US Core Inflation Rate

> \*\*Definition.\*\* US Core Inflation Rate is the change in prices of goods and services in the United States, excluding volatile food and energy components, and is a key input for Federal Reserve monetary policy decisions.\n\n\*\*Technical.\*\* Food and energy components are excluded. Updated monthly.\n\n\*\*Interpretation.\*\* Stripping the volatile food and energy components surfaces a clearer picture of underlying inflation trends than headline CPI.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsCoreInflationRate?a=BTC>)<br>

```json
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```

## US GDP

> \*\*Definition.\*\* US GDP is the total gross domestic product of the United States, representing the total value of all goods and services produced and used as the broadest measure of economic activity and health in the country.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsGdp?a=BTC>)<br>

```json
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```

## US Government Debt

> \*\*Definition.\*\* US Government Debt is the total outstanding debt of the United States federal government, used as an indicator of fiscal health and the overall debt burden carried by the public sector.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsGovernmentDebt?a=BTC>)<br>

```json
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```

## US Government Debt to GDP

> \*\*Definition.\*\* US Government Debt to GDP is the ratio of the United States\&#x27; total federal government debt to its gross domestic product, used as an indicator of fiscal sustainability and the ability of the government to manage its debt obligations.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsGovernmentDebtToGdp?a=BTC>)<br>

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```

## US Government Spending to GDP

> \*\*Definition.\*\* US Government Spending to GDP is the ratio of total federal government expenditure to gross domestic product in the United States, used as an indicator of the size of government relative to the economy and of fiscal policy stance.\n\n\*\*Technical.\*\* Updated yearly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsGovernmentSpendingToGdp?a=BTC>)<br>

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```

## US Inflation Expectations

> \*\*Definition.\*\* US Inflation Expectations is the anticipated rate of inflation in the United States over a future period, reflecting market and consumer expectations about price stability and closely monitored by the Federal Reserve for monetary policy decisions.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsInflationExpectations?a=BTC>)<br>

```json
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```

## US Interest Rate

> \*\*Definition.\*\* US Interest Rate tracks the Federal Reserve\&#x27;s federal funds target rate, which influences borrowing costs throughout the United States economy and is the primary tool used by the Federal Reserve to manage inflation and support economic stability.\n\n\*\*Technical.\*\* Updated as FOMC decisions are made.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsInterestRate?a=BTC>)<br>

```json
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```

## US Leading Economic Index

> \*\*Definition.\*\* The US Leading Economic Index is a composite variable designed to anticipate turning points in the business cycle by around 7 months, built from inputs such as manufacturing orders, stock prices, and consumer expectations.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsLeadingEconomicIndex?a=BTC>)<br>

```json
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```

## US Money Supply M2

> \*\*Definition.\*\* US Money Supply M2 is the total amount of liquid money circulating in the United States economy, including cash, checking deposits, savings deposits, and retail money market funds. It is used as an indicator of overall liquidity and monetary conditions.\n\n\*\*Technical.\*\* Updated monthly.\n\
> \
> \[View in Studio]\(<https://studio.glassnode.com/charts/macro.UsMoneySupplyM2?a=BTC>)<br>

```json
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```


---

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