Updated May 2026 · Federal Reserve
What Is M2 Money Supply (Year-over-Year Change)?
M2 Money Supply (Year-over-Year Change) is currently at 4.7%, up +0.1% from the previous reading of 4.6%. The series is published by Federal Reserve on a monthly schedule, last updated 2026-04-01.
Current Reading
How to Read This Reading
4.7% sits in the upper portion of the recent historical range for M2 Money Supply. Treat the reading as elevated rather than typical — sustained levels at this height usually have meaningful policy or business-cycle implications.
M2 Money Supply has moved higher from 4.6% to 4.7% since the prior monthly release — a meaningful move of +0.1%. Pair this with the related indicators below before drawing strong conclusions; isolated moves on a single release often look larger than they really are.
Money-supply and currency indicators describe liquidity in the financial system and the strength of the U.S. dollar. They directly affect inflation expectations, capital flows, and the cost of imported goods.
What M2 Money Supply Measures
M2 is a measure of the money supply that includes cash, checking deposits, savings deposits, money market funds, and small time deposits. Year-over-year changes in M2 are a leading indicator of inflation and economic activity.
M2 growth has recovered to 3.9% year-over-year after an unprecedented contraction in 2023 (the first in modern history). The normalization of money supply growth supports economic activity without being excessively inflationary. For executives, moderate M2 growth (3-5%) is consistent with a healthy economy — it means enough liquidity to support business activity without fueling the kind of excess that drove 2021-2022 inflation.
Methodology
The Federal Reserve reports M2 weekly and monthly. Components: M1 (currency in circulation + demand deposits + other checkable deposits) plus savings deposits, small time deposits under $100,000, and retail money market funds. M2 is the most commonly cited money supply measure because it captures both transaction and savings balances.
ExecBolt does not estimate, model, or interpolate this value — every reading on this page is pulled directly from Federal Reserve (series M2SL). For full sourcing standards and citation guidance, see the methodology page; for plain-language background on the underlying concept, see the learn library; for live cross-checks against related series, see the indicators dashboard.
| Detail | Value |
|---|---|
| Full name | M2 Money Supply (Year-over-Year Change) |
| Source | Federal Reserve |
| Series ID | M2SL |
| Frequency | Monthly |
| Category | money |
| Last updated | 2026-04-01 |
| Next release | 2026-04-22 |
Related Indicators
Frequently Asked Questions
What is M2 Money Supply (Year-over-Year Change) right now?
M2 Money Supply (Year-over-Year Change) is currently at 4.7%, up +0.1% from the previous reading of 4.6%. The series is published by Federal Reserve on a monthly schedule, last updated 2026-04-01.
How is M2 Money Supply calculated?
The Federal Reserve reports M2 weekly and monthly. Components: M1 (currency in circulation + demand deposits + other checkable deposits) plus savings deposits, small time deposits under $100,000, and retail money market funds. M2 is the most commonly cited money supply measure because it captures both transaction and savings balances.
What does M2 Money Supply mean for business?
M2 growth has recovered to 3.9% year-over-year after an unprecedented contraction in 2023 (the first in modern history). The normalization of money supply growth supports economic activity without being excessively inflationary. For executives, moderate M2 growth (3-5%) is consistent with a healthy economy — it means enough liquidity to support business activity without fueling the kind of excess that drove 2021-2022 inflation.
How often is M2 Money Supply updated?
M2 Money Supply is published on a monthly schedule by Federal Reserve. The most recent reading is dated 2026-04-01; the next scheduled release is 2026-04-22.
Where can I verify this number?
The primary source for M2 Money Supply (Year-over-Year Change) is Federal Reserve at https://www.federalreserve.gov/releases/h6/current/ (series M2SL). The historical series is also archived at FRED at the St. Louis Fed and available via API for programmatic verification.