United States USD

United States Money Supply

Impact:
Low
Source: Federal Reserve

Latest Release:

Date:
Actual:
$21.86T
Forecast:
Previous/Revision:
$21.71T
Period: Apr

Next Release:

Date:
Period: May
What Does It Measure?
The United States Money Supply measures the total amount of monetary assets available within the economy at a given time, specifically focusing on liquid cash and easily convertible assets into cash. Key indicators include M1 (cash and checking deposits) and M2 (M1 plus savings accounts, money market securities, and mutual funds), reflecting components of production and liquidity in a national context.
Frequency
The Money Supply figures are released weekly on Wednesdays, with preliminary estimates published shortly after data collection and finalized figures made available for revision in subsequent reports.
Why Do Traders Care?
Traders closely monitor changes in the Money Supply as it influences inflation and interest rates, impacting the value of the US dollar, bond yields, and stock prices. An increase in the Money Supply can lead to bullish sentiment in equities and bearish outlooks for the currency if inflation expectations rise.
What Is It Derived From?
The Money Supply data is derived from various financial institutions, specifically measuring the balances held in checking and savings accounts, along with other liquid financial instruments. These figures are calculated using data reported by banks to the Federal Reserve, applying specific weighting to different components to arrive at M1 and M2 totals.
Description
Preliminary reports on the Money Supply provide initial insights based on early banking data, while final reports reflect more accurate figures as revisions are made over time. Month-over-Month (MoM) changes are often highlighted in these reports, allowing traders to quickly assess short-term trends in liquidity and potential economic shifts.
Additional Notes
The Money Supply is considered a leading economic indicator due to its implications for future inflation and economic growth. It serves as an essential benchmark for assessing monetary policy effectiveness and can provide context when compared to other indicators such as inflation rates and GDP growth.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bearish for USD, Bullish for Stocks. Lower than expected: Bullish for USD, Bearish for Stocks. Hawkish tone: Signaling higher interest rates or inflation concerns, is usually bad for the USD but good for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
May 27, 2025
$21.86T
$21.71T
Apr 22, 2025
$21.76T
$21.67T
Mar 25, 2025
$21.67T
$21.56T
Feb 25, 2025
$21.56T
$21.53T
Jan 28, 2025
$21.53T
$21.45T
Dec 26, 2024
$21.45T
$23.31T
Nov 26, 2024
$23.31T
$21.22T
Oct 22, 2024
$21.22T
$21.18T
Sep 24, 2024
$21.18T
$21.05T
Aug 27, 2024
$21.05T
$21.03T
Jul 23, 2024
$21.03T
$20.96T
Jun 25, 2024
$20.96T
$20.87T
May 28, 2024
$20.87T
$20.84T