Daily Archives: Oct 5, 2017 at 07:05 am EST

Real M0 Money Supply’s Trend Is Positive For First Time Since 2016

The Federal Reserve’s narrowest gauge of money supply (measured in real or inflation-adjusted terms) posted a fractional gain in August vs. the year-earlier level – the first positive year-over-year reading since February 2016. The return of annual growth for the monetary base suggests that the central bank may be laying the groundwork to slow or even reverse its recent efforts to tighten policy.
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