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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS M2 Money Supply held to 23,155.2 Billions USD in May 2026
FREDMonthlyReleased June 2026
US M2 Money Supply held to 23,155.2 Billions USD in May 2026, released June 2026.
Latest Release
23155.200000
Actual
—
Consensus
23155.200000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▲ Direct | +0.38 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.38 | CRYPTO | Moves with | → View |
| GBP/USD | ▲ Direct | +0.37 | FOREX | Moves with | → View |
| MSFT | ▼ Inverse | −0.25 | STOCKS | Moves against | → 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 23,155.20 Billions USD in May 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 22,590.17 Billions USD, ranging from 22,169.80 Billions USD to 23,155.20 Billions USD across 10 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 23,005.10 Billions USD, up from the prior three at 22,594.27 Billions USD. Volatility over the past year (σ 320.44 Billions USD) is higher than the prior year (σ 255.43 Billions USD). In June readings over the past 3 years, M2 Money Supply has averaged 22,053.87 Billions USD.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/CAD (Bullish USD). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Fed Barkin Speech (Aug 25) and S&P/Case-Shiller Home Price YoY (Aug 25).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jun 2026): actual 23,155.2 Billions USD. Prior reading (May 2026): 23,055.6 Billions USD. Before that (Apr 2026): 22,804.5 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.
Σ
EXPECTED ZONE
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Economic Calendar - US Events
| Monday, August 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Chicago Fed National Activity Index | -0.08 | 0.06 | 0.1 | 0.17 | Medium |
| Tuesday, August 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:00 | US | House Price Index | 442.4 | 442.8 | 442.65 | Low | |
| 13:00 | US | S&P/Case-Shiller Home Price MoM | 0.9 | 0.4 | 0.65 | Low | |
| 13:00 | US | S&P/Case-Shiller Home Price YoY | 1.6 | 1.7 | 1.60 | Medium | |
| 13:00 | US | House Price Index YoY | 2.2 | 2.2 | 2.15 | Low | |
| 13:00 | US | House Price Index MoM | 0.3 | 0.2 | 0.20 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Index | 5 | 7 | 11.50 | Low | |
| 14:00 | US | New Home Sales | 1.6 | -1.3 | -1.30 | Medium | |
| 14:00 | US | Richmond Fed Services Index | -3 | -1 | 2.00 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Shipments Index | 8 | 7 | 15.50 | Low | |
| 14:00 | US | CB Consumer Confidence | 90.8 | 90.3 | 90.90 | High | |
| 20:30 | US | API Crude Oil Stock Change | -3.28 | 1.9 | 1.90 | Medium | |
| Wednesday, August 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Non Defense Goods Orders Ex Air | 0.9 | 0.6 | -0.15 | Low | |
| 12:30 | US | Durable Goods Orders MoM | 0.3 | 0.7 | 2.90 | High | |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 0.6 | 0.5 | 0.80 | Medium | |
| 12:30 | US | PCE Price Index MoM | -0.1 | 0.1 | 0.05 | Medium | |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 0.3 | 0.1 | 3.05 | Low | |
| 12:30 | US | Corporate Profits QoQ | 0.5 | 0.7 | -2.35 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.3 | 3.30 | Low | |
| 12:30 | US | Core PCE Price Index MoM | 0.1 | 0.2 | 0.15 | High | |
| 12:30 | US | PCE Price Index YoY | 3.7 | 3.7 | 3.70 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.10 | High | |
| 12:30 | US | Personal Spending MoM | 0.4 | 0.2 | 0.15 | Low | |
| 12:30 | US | Real Consumer Spending | 3.2 | 3.2 | 3.20 | Low | |
| 14:30 | US | EIA Distillate Stocks Change | -1.53 | -1.7 | -1.70 | Low | |
| 14:30 | US | EIA Gasoline Stocks Change | 0.688 | -1 | -1.00 | Medium | |
| 14:30 | US | EIA Crude Oil Stocks Change | 4.405 | 1.9 | 1.90 | Medium | |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Jobless Claims 4-Week Average | 204 | 203 | 202.00 | Low | |
| 12:30 | US | Initial Jobless Claims | 206 | 208 | 210.00 | Medium | |
| 12:30 | US | Goods Trade Balance Adv | -101.4 | -99 | -99.00 | Medium | |
| 12:30 | US | Retail Inventories Ex Autos MoM | -0.4 | 0 | 0.00 | Medium | |
| 12:30 | US | Wholesale Inventories MoM | 0.2 | 0.1 | 0.10 | Medium | |
| 12:30 | US | Continuing Jobless Claims | 1799 | 1811 | 1814.00 | Low | |
| 12:30 | US | Goods Trade Balance | -101.41 | -99.9 | -99.90 | Medium | |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 14 | 14.00 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 9 | 8 | 8.00 | Low | |