VGSH - M2 Inflation And Economy Update
2024-03-06 00:00:00 ET
Summary
- The all-important M2 money supply continues to come back into line with long-term trends, key inflation measures are very close to the Fed's target, and money demand is returning to pre-Covid levels.
- The service sector (dominated by housing-related costs) is the only area of the economy suffering from above-average inflation at this time, but this should gradually subside over the next 6-9 months.
- Surveys of purchasing managers and capital goods orders suggest the economy is on an unremarkable (~2%) growth path.
This post includes important updates on the M2 money supply, inflation, and key economic indicators.
The all-important M2 money supply continues to come back into line with long-term trends, key inflation measures are very close to the Fed's target, and money demand is returning to pre-Covid levels....
M2, Inflation And Economy Update