4 ms·
It's not as insane as it looks. They changed the definition of M2 in 2020, which means we expect to see a jump right then
by daedrdev 2y ago
It's not as insane as it looks. They changed the definition of M2 in 2020, which means we expect to see a jump right then
- deleted 2y ago[deleted]
- fransje26 2y agoAh, thank you for the clarification.
- myroon5 2y agoThe definition of M1 expanded in ~April 2020: https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/ https://fredblog.stlouisfed.org/2021/05/savings-are-now-more...
- greyface- 2y agoAnd to the extent that the definition of M2 changed in 2020 (the FRED series description indicates it did), this was only in response to the expansion of M1, to ensure that it was not double-counted in or removed from M2.