Dems will still complain.
Yeah, that was a very nice number to see. I blame the affordable gas prices, heh.
I saw many items at the grocery store come down a bit.
Democrats will thank Biden’s “excellent stewardship” of the economy.
From BRAVE AI:
M1 money supply is the sum of currency and checkable deposits in the United States. It’s also known as narrow money.
What’s included in M1?
Currency: Coins and bills in circulation that aren’t held by the Federal Reserve, Treasury, or banks
Checkable deposits: Funds in checking accounts, which are also called demand deposits
Other liquid deposits: Savings deposits and money market deposit accounts
Why is M1 important?
M1 is a measure of the most liquid parts of the money supply, meaning it contains assets that can be quickly converted to cash. This makes M1 the money that people use to buy goods and services, pay debts, and settle transactions.
How is M1 measured?
The Federal Reserve System measures M1 daily.
How has M1 changed over time?
The definition of M1 changed in May 2020 to include more checkable deposits, such as money market accounts and savings accounts. This was done to increase the liquidity of the money supply and prevent a severe recession during the pandemic.
M2 is a measure of the money supply that includes cash, checking and savings accounts, and money market mutual funds. It’s a broad definition that’s used in the United States and the eurozone.
What’s included in M2?
Currency outside of banks
Demand deposits, like checking accounts
Time deposits, like certificates of deposit under $100,000
Savings accounts
Money market mutual funds
Why is M2 important?
M2 is a key indicator of the economy’s health and is used to help guide monetary policy. Changes in the money supply can impact currency prices, which is important for forex traders.
How does M2 change?
The growth rate of M2 has been unusual since the COVID-19 pandemic. It grew rapidly from 2020 to 2022, but has declined since late 2022.
Other money supply measures:
M1: Includes cash outside of banks and checking accounts
M0: Includes all physical currency, like coins and notes
MB: Includes all physical currency and Federal Reserve deposits
MZM: Includes M2 minus time deposits and money market funds
M3 is a broad measure of the money supply that includes cash, checking and savings deposits, and other liquid assets. It’s also known as “broad money”.
What’s included in M3?
Currency in circulation
Deposits with a maturity of up to two years
Deposits that can be redeemed at up to three months’ notice
Repurchase agreements
Money market fund shares
Debt securities with a maturity of up to two years
Why’s M3 important?
M3 is a key indicator of economic health and inflation. An
increase in M3 can lead to higher prices, which may indicate future interest rate increases.
How does M3 compare to other money supply measures?
M3 is broader than M2, which includes M1 plus savings deposits and money market mutual funds. M1 is the most narrow measure of money supply, and includes currency and checkable deposits.
Related concepts
The Federal Reserve uses different definitions of money, including M1, M2, and M3.
Condolences to Democrats on the loss of one of their talking points.
Yes, it is better that prices are increasing less fast than they were, according to the government numbers. However, I don’t believe the government numbers are a meaningful proxy for what prices are actually doing so CPI to me is a typical government exercise. It accomplishes what the government wants it to accomplish and not what it is suppose to accomplish which is a true measure of price levels in the economy. Instead it has become a corrupt process designed to report much lower price inflation than in reality. This benefits the government, accurately measuring real inflation hurts the government.
I bought a box of microwave popcorn the other day,previously they had 3oz bags the new one 2.75 oz bags but the price was the same.ðŸ˜
I do not believe the numbers. They will be adjusted a month later like Biden did.
Trump has not been in office long enough and Biden has never had a single quarter where the numbers were as reported.