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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS M2 Money Supply held to 23,052.3 Billions USD in April 2026
FREDMonthlyReleased May 2026
US M2 Money Supply held to 23,052.3 Billions USD in April 2026, released May 2026.
Latest Release
23052.300000
Actual
—
Consensus
23052.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.58 | FOREX | Bullish GBP | → View |
| USD/CAD | ▲ Direct | +0.36 | FOREX | Bullish USD | → View |
| S&P 500 | ▲ Direct | +0.34 | INDEX | Bullish S&P 500 | → View |
| MSFT | ▼ Inverse | −0.26 | STOCKS | Bearish MSFT | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M2 Money Supply (United States) was reported at 23,052.30 Billions USD in April 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 22,440.90 Billions USD, ranging from 22,019.90 Billions USD to 23,052.30 Billions USD across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 22,847.73 Billions USD, up from the prior three at 22,494.43 Billions USD. Volatility over the past year (σ 307.19 Billions USD) is higher than the prior year (σ 254.33 Billions USD). In May readings over the past 3 years, M2 Money Supply has averaged 21,968.67 Billions USD.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with USD/CAD, positively correlated (Bullish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago Fed National Activity Index (Jun 25) and Durable Goods Orders MoM (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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M2 Money Supply - US
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About M2 Money Supply — United States
DEFINITION
US M2 Money Supply rose to 23052.300 billion USD in May, up from April’s 22804.500 billion USD, marking a steady increase. The month-over-month growth signals continued liquidity expansion in the US financial system. Market participants will watch upcoming Federal Reserve communications for guidance on monetary policy adjustments. Updated 6/24/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 23,052.3 Billions USD. Prior reading (Apr 2026): 22,804.5 Billions USD. Before that (Mar 2026): 22,686.4 Billions USD.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.58) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Thursday, June 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Chicago Fed National Activity Index | 0.14 | 0.12 | 0.12 | Medium | |
| 12:30 | US | Durable Goods Orders MoM | 7.9 | -4.3 | -4.30 | High | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.30 | High | |
| 12:30 | US | Initial Jobless Claims | 226 | 225 | 225.00 | Medium | |
| 12:30 | US | Personal Income MoM | 0 | 0.4 | 0.40 | High | |
| 12:30 | US | Personal Spending MoM | 0.1 | 0.1 | 0.10 | Low | |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 1.1 | 0.7 | 0.70 | Medium | |
| 12:30 | US | PCE Price Index MoM | 0.4 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Non Defense Goods Orders Ex Air | -1.1 | 0.6 | 0.60 | Low | |
| 12:30 | US | Continuing Jobless Claims | 1810 | 1800 | 1784.50 | Low | |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.4 | 3.40 | Low | |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 8.1 | -3.9 | -3.90 | Low | |
| 12:30 | US | Jobless Claims 4-Week Average | 223.25 | 226 | 225.25 | Low | |
| 12:30 | US | PCE Price Index YoY | 3.8 | 4 | 4.00 | Medium | |
| 12:30 | US | Real Consumer Spending | 1.4 | 1.4 | 1.40 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 8 | 6 | 10.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 9 | 7 | 11.50 | Low | |
| Friday, June 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Goods Trade Balance Adv | -83 | -85.2 | -85.20 | Medium | |
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.2 | 0.20 | Medium | |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.6 | 0.1 | 0.10 | Medium | |
| 12:30 | US | Goods Trade Balance | -83.01 | -85.4 | -85.40 | Medium | |