USA GS Economic Indicators Update

Economics Research 3 August 2026 | 5:35PM EDT

USA: GS Economic Indicators Update

Please find an update of our proprietary economic indicators below. The data behind these Jan Hatzius | exhibits can be downloaded here. Interactive charts can be found on our living page here. Goldman Sachs & Co. LLC

Alec Phillips The nominal GS US Financial Conditions Index eased by 5.9bp to 98.74 over the last | Goldman Sachs & Co. LLC week, mostly due to a weaker dollar. The real GS US FCI eased by 8.9bp to 98.37: David Mericle | Goldman Sachs & Co. LLC

Ronnie Walker | Goldman Sachs & Co. LLC

Elsie Peng | Goldman Sachs & Co. LLC

Pierfrancesco Mei | Goldman Sachs & Co. LLC

Jessica Rindels | Goldman Sachs & Co. LLC

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Index GS US Financial Conditions Indices Index Percentage points Percentage points 102 102 2.0 Real US GDP Growth Impulse from GS FCI, 2.0 3-Quarter Centered Moving Average Tightening

-1.0 -1.0 98 98 As of Jul. 30: -1.5 -1.5 Nominal -2.0 Real (Inflation-Adjusted) -2.0 97 97 GS Nominal FCI -2.5 -2.5 GS Real (Inflation-Adjusted) FCI Note: The impulses assume that the FCI stays flat following the listed date.

Source: Goldman Sachs Global Investment Research

Basis points Change in GS Nominal FCI & Components Basis points 10 Since July 27, 2026 10 Tightening

-10 -10 US FCI Fed Funds 10-yr TSY BBB Log SPX Log TWI Credit Spread

Source: Goldman Sachs Global Investment Research