Economy · United States · Money and credit

US velocity of money (M2)

1.42 in June quarter 2026, compared with 1.42 in March quarter 2026.

Quarterly · ratio · Highest since December quarter 2019 · Updated 12 hrs ago

Range, past 10 years52-week and 10-year range The lowest and highest values over a period, with a marker for where the latest value sits between them. Learn more: 1.13 Jun qtr 20201.46 Sep qtr 2018
Over 3 monthsYear on year, month on month, quarter on quarter How a figure compares with the same period a year earlier (y/y), or with the period just before (m/m, q/q). Year-on-year removes seasonal swings; shorter comparisons show turning points sooner. Learn more: +0.2%from 1.42
Over 12 monthsPercentage points and basis points The difference between two percentages. A rate rising from 4.00% to 4.25% is up 0.25 percentage points, or 25 basis points; it is not up 0.25%. Learn more: +1.1%from 1.40
Long-run averageLong-run average The average of every reading in the series' history. A rough guide to what is normal, though economies change and some series never return to their old average. Learn more: 1.66since 1999
Against its historyPercentile against history Where the latest reading ranks among every reading since the series began. The 90th percentile means it is higher than 90% of past readings. Learn more: 23rdpercentile: higher than 23% of readings since 1999

HistorySeasonally adjusted A figure with the regular calendar pattern removed (Christmas, school holidays, harvests), so one month can be compared fairly with the next. Learn more

ratio, quarterly

1.11.21.31.41.5Jun qtr 2021Dec qtr 2023Jun qtr 2026

Show the data

The latest 21 readings in this range.

GDP divided by the M2 money supply: how many times a dollar changes hands in a year.

Falling velocity means new money is being held rather than spent, which mutes its effect on inflation.