Thursday, October 26, 2023

Velocity Of Money – Charts Updated Through October 26, 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 3rd quarter of 2023, and were last updated as of October 26, 2023.

Velocity of M1 Money Stock, current value = 1.509:

M1V 1.509

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed October 26, 2023:
http://research.stlouisfed.org/fred2/series/M1V

Velocity of M2 Money Stock, current value = 1.327:

M2V 1.327

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed October 26, 2023: 
http://research.stlouisfed.org/fred2/series/M2V

_________

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 4174.59 as this post is written

No comments:

Post a Comment