Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for United States
MANMM101USM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,045,800,000,000.00
Year-over-Year Change
-9.61%
Date Range
1/1/1960 - 11/1/2023
Summary
The M1 monetary aggregate measures the U.S. money supply, including currency in circulation and transaction deposits. It is a key indicator of economic activity and the effectiveness of monetary policy.
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
M1 is one of the primary measures of the money supply, encompassing the most liquid forms of money. It is closely monitored by the Federal Reserve and used to assess the stance of monetary policy and inflationary pressures in the economy.
Methodology
M1 data is collected and calculated by the Federal Reserve based on reports from banks and other financial institutions.
Historical Context
Trends in M1 provide important context for the Federal Reserve's decisions on interest rates and other monetary policy tools.
Key Facts
- M1 includes currency in circulation and transaction deposits.
- The M1 money supply reached a record high during the COVID-19 pandemic.
- Changes in M1 are used to gauge the stance of monetary policy.
FAQs
Q: What does this economic trend measure?
A: The M1 monetary aggregate measures the most liquid components of the U.S. money supply, including currency in circulation and transaction deposits.
Q: Why is this trend relevant for users or analysts?
A: M1 is a key indicator of economic activity and the effectiveness of monetary policy, providing important context for the Federal Reserve's decisions on interest rates and other policy tools.
Q: How is this data collected or calculated?
A: The M1 data is collected and calculated by the Federal Reserve based on reports from banks and other financial institutions.
Q: How is this trend used in economic policy?
A: Trends in M1 are closely monitored by the Federal Reserve and used to assess the stance of monetary policy and inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The M1 data is published regularly by the Federal Reserve with minimal delays, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for United States (MANMM101USM189S), retrieved from FRED.