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U.S. Fed's M2 money stock rises as market bets more rate cuts to come
Last Updated: 2019-09-06 13:15 | Xinhua
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Data released by the U.S. Federal Reserve (Fed) on Thursday showed that its M2 money stock increased for the week ending Aug. 26.

M2, the broad money supply, rose to 14.9582 trillion U.S. dollars from the previous week's 14.9376 trillion dollars; while M1, the narrow money supply, increased from 3.8107 trillion dollars to 3.824 trillion dollars in the same period.

The U.S. financial market bets that the Fed would further lower its interest rate and provide more liquidity to support the expansion of U.S. economy, following the White House's decision to put additional tariffs on Chinese imports from Sept. 1.

According to the Chicago Mercantile Exchange Group's FedWatch tool, the probability of a 25-basis-point rate cut on Fed's September meeting is over 90 percent.

M1 is commonly known as a measure of money supply, which includes cash and checking deposits. M2, the most critical indicator of money supply and inflation, includes all elements of M1 as well as savings deposits, money market securities, mutual funds, and other time deposits.

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U.S. Fed's M2 money stock rises as market bets more rate cuts to come
Source:Xinhua | 2019-09-06 13:15
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