M2 Money Supply

A broad measure of money and highly liquid balances in the U.S. economy.

Click the D to destroy this indicator.

CURRENT5.71%% YoY • September 2026

PRIOR MOVE+0.11 ppvs prior month

VS YEAR AGO+1.60 ppchange in displayed metric

10-YEAR POSITION69thpercentile rank

M2 Money Supply history

% YoY • normalized monthly

121 plotted periodsLatest: 5.71%

Inspect chart period

Sep 2026: 5.71 % YoY

Move across or tap the chart, drag the slider, use arrow keys, or step through recorded observations with Previous and Next.

View chart data (121 periods)

WHY IT MATTERS

Changes in M2 can provide context for liquidity conditions, credit creation, nominal spending, and inflation over longer horizons.

The current 5-year z-score is 0.67, with a 10-year displayed-metric range of -4.64% to 26.78%.

SOURCE & METHOD

Verified data, calculated server-side.

Source: FRED, series M2SL. Values are displayed in % YoY.

Historical coverage begins January 1959. Daily and weekly observations are averaged within each calendar month for this page chart.

Open source series ↗

Related indicators

Keep following the chain

InflationCPIConsumer price inflation across a broad basket of goods and services.RatesFed FundsThe effective overnight federal funds rate in the U.S. banking system.GrowthReal GDPInflation-adjusted output of the U.S. economy.

GO DEEPER

Test the relationship yourself.

Start with M2 Money Supply as X and CPI as Y, using level values. Change either indicator, transformation, or date range in Research Lab, then run your analysis.

Compare in Research Lab