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re: US CPI data release today
Posted on 2/14/23 at 2:50 pm to Hussss
Posted on 2/14/23 at 2:50 pm to Hussss
quote:Well M2 peaked at $21.7397 trillion in March and was down 2.5% in December to $21.2074 trillion, which appears to be the largest contraction since the data series began in 1959, at least in absolute terms but maybe relative as well.
If they REALLY cared about getting inflation down then they would contract the money supply.
Fred Data on M2
Posted on 2/14/23 at 3:03 pm to buckeye_vol
quote:
Well M2 peaked at $21.7397 trillion in March and was down 2.5% in December to $21.2074 trillion, which appears to be the largest contraction since the data series began in 1959
It's taken almost a year to drop 2.5% but it needs to drop at least another 15% on top of that to be in line with where it would have been without COVID. It will be interesting to see how much that drop rate increases with higher hanging around for a while.
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