Money Supply Growth Accelerates And Hits A 27-Month High

2025-01-10 02:45:00 ET

Summary

• Money-supply growth rose year over year in November for the fourth month in a row, the first time this has happened since the four months ending in October of 2022.
• In November, year-over-year growth in the money supply was at 2.35 percent. That’s a 27-month high and the largest year-over-year increase since September 2022.
• The money supply has increased each month from July through November of 2024. The money supply increased by 0.95 percent from October to November.

By Ryan McMaken

Money supply growth rose year over year in November for the fourth month in a row, the first time this has happened since the four months ending in October of 2022. The current trend in money supply growth suggests a significant and continued turnaround from more than a year of historically large contractions in the money supply that occurred throughout much of 2023 and 2024. As of November, the money supply appears to be entering a new and accelerating growth period.

In November, year-over-year growth in the money supply was at 2.35 percent. That’s a 27-month high and the largest year-over-year increase since September 2022. November’s growth rate was up from October’s growth rate of 1.45 percent....

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