Economy · United States · Money and credit
US money supply growth (M2)
5.7% in August 2026, compared with 5.4% in July 2026.
- 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
- −4.6% Apr 202326.8% Feb 2021
- 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
- +0.3 ptsfrom 5.4%
- 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
- +1.4 ptsfrom 4.2%
- 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
- 6.3%since 2000
- 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
- 43rdpercentile: higher than 43% of readings since 2000
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
% a year, monthly
−10.00.010.020.030.0Aug 2016Aug 2021Aug 2026
Show the data
| Period | % a year |
|---|---|
| August 2026 | 5.7% |
| July 2026 | 5.4% |
| June 2026 | 5.3% |
| May 2026 | 5.4% |
| April 2026 | 4.5% |
| March 2026 | 4.4% |
| February 2026 | 4.6% |
| January 2026 | 4.1% |
| December 2025 | 4.0% |
| November 2025 | 3.8% |
| October 2025 | 4.3% |
| September 2025 | 4.2% |
| August 2025 | 4.2% |
| July 2025 | 4.4% |
| June 2025 | 4.1% |
| May 2025 | 3.9% |
| April 2025 | 3.9% |
| March 2025 | 3.4% |
| February 2025 | 3.3% |
| January 2025 | 3.4% |
| December 2024 | 3.4% |
| November 2024 | 3.4% |
| October 2024 | 2.9% |
| September 2024 | 2.5% |
The latest 24 readings in this range.
Source: FRED, Federal Reserve Bank of St. Louis, series M2SL, shown as the change on a year earlier. Data from January 2000.
What it measures
The change over 12 months in M2: cash, bank deposits and money market funds.
Why it matters
Fast growth tends to support asset prices and inflation; M2 shrank in 2022 and 2023 for the first time in decades.