Velocity Of Money – Charts Updated Through July 27, 2023

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

All charts reflect quarterly data through the 2nd quarter of 2023, and were last updated as of July 27, 2023.

Velocity of M1 Money Stock, current value = 1.446:

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 27, 2023:
http://research.stlouisfed.org/fred2/series/M1V

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Velocity of M2 Money Stock, current value = 1.289:

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 27, 2023: 
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 4585.58 as this post is written