Key points
Quarterly excess M2 growth vs headline PCE inflation, 1960-2026 ｜ Excess M2 hit 92.5% in 2020 Q2 (excluded from the chart)
Image source: @stlouisfed
2026-11-09
U.S. Excess M2 Growth vs Inflation Shows a Loose Link Since 1960
Quarterly excess M2 growth vs headline PCE inflation, 1960-2026 ｜ Excess M2 hit 92.5% in 2020 Q2 (excluded from the chart)
Image source: @stlouisfed