M2 YoY stands at 5.58% as of May 2026, up from 3.87% a year earlier. The reading sits in the 34th percentile of its history back to 1960.
| Latest (May 2026) | 5.58% |
| One year ago | 3.87% |
| 10-year range | -4.63% – 26.78% |
| Percentile vs. full history | 34th |
| History | 1960–2026 (797 observations) |
M2 money supply growth, year over year. Captures cash, deposits, and money funds. Extreme readings matter most: the 2020-21 surge preceded the inflation spike, and the 2022-23 contraction was the first since the 1930s.
<iframe src="https://www.tacticalassetallocation.com/charts/m2-money-supply-growth/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/m2-money-supply-growth/">M2 YoY — Cambria Chart Lab</a>
Data: download CSV (source: FRED (Federal Reserve Economic Data)).