Velocity Of Money – Charts Updated Through July 30, 2020

Here are three charts from the St. Louis Fed depicting the velocity of money in terms of the MZM, M1 and M2 money supply measures.

All charts reflect quarterly data through the 2nd quarter of 2020, and were last updated as of July 30, 2020.

Velocity of MZM Money Stock, current value = .949:

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 31, 2020: 
http://research.stlouisfed.org/fred2/series/MZMV

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Velocity of M1 Money Stock, current value = 3.872:

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 31, 2020: 
http://research.stlouisfed.org/fred2/series/M1V

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Velocity of M2 Money Stock, current value = 1.097:

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 31, 2020: 
http://research.stlouisfed.org/fred2/series/M2V

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I post various indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 3246.22 as this post is written