US M2 Money Supply Hits Record $26.7 Trillion After $1.65 Trillion Annual Jump
The U.S. M2 money supply posted its largest yearly gain since 2021, marking the third straight annual increase, fueled by rising bank deposits and money market balances.
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Terms & Concepts
- M2 Money Supply: A broad measure of the amount of money in circulation, including cash, checking deposits, savings accounts, and liquid money market assets.
- Money Market Accounts: Interest-bearing deposit accounts offering high liquidity and limited transactions, often used for short-term savings and cash management.