US M2 money supply, 1959 to 2026
US M2 money supply stood at $23,052 in 2026, up 1.1% on the previous period.
The latest reading is $23.1 trillion, for May 2026, against $22.8 trillion in April 2026. The series is monthly (FRED series M2SL) and runs from January 1959.
How it is measured
M2: cash, checking and savings deposits, and retail money market funds, from the Federal Reserve's H.6 release, in billions of dollars. It is the standard broad measure of money readily available for spending. The data reaches us through FRED, the Federal Reserve Bank of St. Louis's data service, and originates with the Federal Reserve's H.6 release.
What the curve shows
M2 stands at $23.1 trillion as of May 2026, from $286.6 billion at the window's start. The 2020-2021 surge, the fastest money growth in the modern record, preceded the 2022 inflation wave and revived a debate about how tightly money growth and inflation connect.
What is inside M2 that is not in M1?
Does money growth cause inflation?
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