M2
Monthly, Not Seasonally Adjusted
M2NS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,960.70
Year-over-Year Change
4.52%
Date Range
1/1/1959 - 6/1/2025
Summary
The M2NS represents the non-seasonally adjusted money supply metric that tracks the total liquid money available in the U.S. economy. This measure is crucial for understanding monetary conditions, potential inflationary pressures, and overall economic liquidity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
M2NS captures cash, checking deposits, savings deposits, and money market securities, providing economists a comprehensive view of money circulation. Economists analyze this metric to assess potential economic trends, monetary policy effectiveness, and potential inflationary risks.
Methodology
The Federal Reserve calculates M2NS by aggregating currency in circulation, demand deposits, savings accounts, and short-term time deposits from financial institutions nationwide.
Historical Context
Policymakers and central bankers use this data to inform monetary policy decisions, assess economic health, and manage potential financial system risks.
Key Facts
- Represents total liquid money in the U.S. economy
- Includes cash, checking, and savings deposits
- Critical for understanding monetary conditions
FAQs
Q: What does M2NS specifically measure?
A: M2NS measures the total money supply including cash, checking deposits, savings deposits, and money market securities in their non-seasonally adjusted form.
Q: Why are non-seasonally adjusted figures important?
A: Non-seasonally adjusted data provides raw economic information without statistical smoothing, revealing actual monetary fluctuations throughout the year.
Q: How frequently is M2NS updated?
A: The Federal Reserve typically updates M2NS monthly, providing current snapshots of monetary conditions.
Q: How do economists use M2NS data?
A: Economists analyze M2NS to assess potential inflation risks, monetary policy effectiveness, and overall economic liquidity.
Q: What are the limitations of M2NS?
A: M2NS does not account for seasonal variations and requires careful interpretation alongside other economic indicators.
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Related Trends
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted [M2NS], retrieved from FRED.
Last Checked: 8/1/2025