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January's M2 money supply data shows a negative growth rate of 1.7% versus a year ago, the biggest year-over-year decline on record and the first time it has contracted in back-to-back months. This does not mean the Fed is done hiking; far from it. #CoSoFinance https://www.barrons.com/articles/m2-money-supply-federal-reserve-53c64103?mod
An explainer for those who don't know the lingo (believe me, you're better off). M2 calculates aggregate currency and coins held by banks, travelers’ checks, balances in retail money-market funds, savings deposits, and more. January data shows a negative growth rate of 1.7% versus a year ago, the biggest year-over-year decline on record #CoSoFinance