Annual growth of the U.S. money supply in April advanced into positive territory for the first time since November 2022, pushing against the effects of elevated interest rates as inflation hovers a… ...

And the U.S. money supply is indeed shrinking quite dramatically. US M2 Money Supply YoY data by YCharts The year-over-year change in M2 money supply is now negative for the first time in decades.

But the money supply is finally growing again, and its growth is accelerating. In April and May, the M2 money supply grew 0.6% year over year. That climbed to 1% in June and 1.3% in July.

The M2 money supply is seeing its longest stagnation since World War II, Jeremy Siegel said.Douglas Rissing/Getty Images/iStock US money supply has seen its longest stagnation since World War II ...

US money supply has seen its longest stagnation since World War II, according to Jeremy Siegel. The Wharton professor said the US now faces major recession, unemployment, and deflation risks.