Federal Reserve Economic Data | Series: M2SL
| 2021-07-01 | 20,628.40 |
| 2021-08-01 | 20,811.00 |
| 2021-09-01 | 20,979.00 |
| 2021-10-01 | 21,142.50 |
| 2021-11-01 | 21,316.90 |
| 2021-12-01 | 21,471.00 |
| 2022-01-01 | 21,587.00 |
| 2022-02-01 | 21,684.80 |
| 2022-03-01 | 21,721.30 |
| 2022-04-01 | 21,750.00 |
| 2022-05-01 | 21,690.60 |
| 2022-06-01 | 21,642.80 |
| 2022-07-01 | 21,641.70 |
| 2022-08-01 | 21,606.80 |
| 2022-09-01 | 21,521.10 |
| 2022-10-01 | 21,424.30 |
| 2022-11-01 | 21,357.80 |
| 2022-12-01 | 21,218.90 |
| 2023-01-01 | 21,205.10 |
| 2023-02-01 | 21,184.50 |
| 2023-03-01 | 20,876.20 |
| 2023-04-01 | 20,729.80 |
| 2023-05-01 | 20,801.10 |
| 2023-06-01 | 20,782.70 |
| 2023-07-01 | 20,772.10 |
| 2023-08-01 | 20,746.70 |
| 2023-09-01 | 20,720.40 |
| 2023-10-01 | 20,687.60 |
| 2023-11-01 | 20,696.70 |
| 2023-12-01 | 20,701.20 |
| 2024-01-01 | 20,773.00 |
| 2024-02-01 | 20,860.90 |
| 2024-03-01 | 20,901.10 |
| 2024-04-01 | 20,932.70 |
| 2024-05-01 | 20,997.60 |
| 2024-06-01 | 21,065.60 |
| 2024-07-01 | 21,098.00 |
| 2024-08-01 | 21,185.10 |
| 2024-09-01 | 21,272.10 |
| 2024-10-01 | 21,323.50 |
| 2024-11-01 | 21,424.30 |
| 2024-12-01 | 21,441.80 |
| 2025-01-01 | 21,511.00 |
| 2025-02-01 | 21,584.20 |
| 2025-03-01 | 21,656.90 |
| 2025-04-01 | 21,804.70 |
| 2025-05-01 | 21,883.90 |
| 2025-06-01 | 22,021.40 |
| 2025-07-01 | 22,115.80 |
| 2025-08-01 | 22,195.40 |
M2 money supply includes currency, checking deposits, savings deposits, money market securities, mutual funds, and other time deposits. A broad measure of money in circulation.
Source: Board of Governors of the Federal Reserve System via Federal Reserve Economic Data (FRED)
Units: Billions of Dollars
Frequency: Monthly, Seasonally Adjusted
Data Points: 58 observations
Date Range: 2020-10-14 to 2025-10-14
M2 growth reflects Federal Reserve monetary policy effectiveness. Rapid M2 expansion can signal loose monetary conditions and potential inflation risk, while contractions may indicate tight policy. Post-2020 surge due to pandemic stimulus created unprecedented M2 levels, raising concerns about future inflation pressures.
Money supply growth above 6% annually has historically preceded inflationary periods, making it valuable for positioning in inflation hedges like commodities, REITs, and value stocks. Rapid M2 expansion can signal bubble conditions in risk assets. Contractions below 2% growth often precede economic slowdowns. Sophisticated traders use M2 velocity trends to time cyclical sector rotation and currency trades.