Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Hong Kong SAR
Billions of US Dollars
QHKPBMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
964.41
Year-over-Year Change
-2.48%
Date Range
10/1/1978 - 10/1/2024
Summary
The 'Billions of US Dollars' trend represents the total value of US currency in circulation, a key metric for monitoring money supply and inflation.
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
This economic indicator tracks the total dollar value of Federal Reserve notes and coins held by the public. It is a fundamental measure of the money stock and provides insights into consumer spending, investment, and overall economic conditions.
Methodology
The Federal Reserve collects and publishes this data based on reports from banks and the US Mint.
Historical Context
Policymakers and analysts closely monitor this trend to understand monetary policy impacts and predict future inflation.
Key Facts
- The US money supply topped $2 trillion for the first time in 2020.
- Currency in circulation has grown by over 30% since the start of the COVID-19 pandemic.
- The Federal Reserve closely monitors this metric to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend tracks the total value of Federal Reserve notes and coins held by the public, a key indicator of the US money supply.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending, investment, and overall economic conditions that inform monetary policy and inflation forecasting.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and publishes this data based on reports from banks and the US Mint.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the 'Billions of US Dollars' trend to understand monetary policy impacts and predict future inflation.
Q: Are there update delays or limitations?
A: The Federal Reserve releases this data on a regular schedule with minimal delays, providing timely insights into the US money supply.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QHKPBMUSDA), retrieved from FRED.