This fact was news to me as I wasn’t aware of its actual scope. 6T more than ‘19 still floating around from pandemic era mitigation even as small gains to curtail it are being made….is going to make inflation sticky for a long time Id bet regardless of interest rate hikes.
apple.news
M2 Money Supply Just Dropped the Most Ever. What That Says About the Fed’s Next Move. — Barron's
M2 money supply just experienced its largest year-over-year decline on record. That doesn’t mean the Federal Reserve’s work is done. The Fed is widely expected to raise interest rates by another quarter of a percentage point in mid-March. It has been the central bank’s most aggressive monetary...
