M2 YoY stands at 5.44% as of July 2026, up from 4.38% a year earlier. The reading sits in the 33rd percentile of its history back to 1960.
| Latest (July 2026) | 5.44% |
| One year ago | 4.38% |
| 10-year range | -4.63% – 26.78% |
| All-time range | -4.63% (2023) – 26.78% (2021) |
| Standing | Highest since 2022 |
| Change over 12 months | +1.1 pts — bottomed at 3.85% in 2025 |
| Percentile vs. full history | 33rd |
| History | 1960–2026 (799 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)).