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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS M2 Money Supply held to 23,342.8 Billions USD in July 2026
FREDMonthlyReleased August 2026
US M2 Money Supply held to 23,342.8 Billions USD in July 2026, released August 2026.
Latest Release
23342.800000
Actual
—
Consensus
23342.800000
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).
THE RELEASE
M2 Money Supply (United States) was reported at 23,342.80 Billions USD in July 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 22,800.22 Billions USD, ranging from 22,296.50 Billions USD to 23,342.80 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 23,225.30 Billions USD, up from the prior three at 22,848.83 Billions USD. Volatility over the past year (σ 347.90 Billions USD) is higher than the prior year (σ 260.71 Billions USD). In August readings over the past 3 years, M2 Money Supply has averaged 22,205.13 Billions USD.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago Fed National Activity Index (Oct 26) and Dallas Fed Manufacturing Index (Oct 26).
Auto-generated from current model state · Refreshes on each release · Last update August 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 23218.000000 billion USD in July, up from June’s 23115.200000 billion USD, marking a steady increase. July’s figure continues the upward trend from May’s 23055.600000 billion USD, indicating ongoing liquidity growth. Market focus remains on how this expansion influences Federal Reserve policy amid persistent inflation concerns. Updated 8/26/26
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 (Aug 2026): actual 23,342.8 Billions USD. Prior reading (Jul 2026): 23,217.9 Billions USD. Before that (Jun 2026): 23,115.2 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
| Friday, October 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 13:45 | US | S&P Global Composite PMI | 57.6 | 58.4 | 57.6 | 57.60 | Medium |
| 13:45 | US | S&P Global Manufacturing PMI | 56 | 55.9 | 55.5 | 55.75 | Medium |
| 13:45 | US | S&P Global Services PMI | 57.9 | 58.8 | 58 | 57.95 | Medium |
| 14:00 | US | Michigan Consumer Sentiment | 48 | 48.1 | 46.3 | 47.15 | High |
| 14:00 | US | Michigan Current Conditions | 46.7 | 50.9 | 44.7 | 45.70 | Low |
| 14:00 | US | Michigan Consumer Expectations | 48.8 | 46.3 | 47.3 | 48.05 | Low |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.5 | 3.4 | 3.5 | 3.50 | Low |
| 14:00 | US | Michigan 1 Year Inflation Expectations | 4.7 | 4.6 | 4.7 | 4.70 | Low |
| Monday, October 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Chicago Fed National Activity Index | -0.04 | -0.1 | -0.10 | Medium | |
| 14:30 | US | Dallas Fed Manufacturing Index | 9.8 | 7 | 8.15 | Medium | |
| 15:30 | US | 3-Month Bill Auction | 4.095 | 4.009 | 4.01 | Low | |
| Tuesday, October 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:00 | US | Building Permits MoM | -2.1 | -0.7 | -0.70 | Medium | |
| 12:00 | US | Building Permits | 1.403 | 1.39 | 1.39 | Low | |
| 12:30 | US | Non Defense Goods Orders Ex Air | 1.6 | 0.4 | 0.45 | Low | |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 0.1 | 0 | -0.85 | High | |
| 12:30 | US | Durable Goods Orders MoM | -0.1 | 0.6 | -0.50 | High | |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 0.3 | 0.6 | 0.50 | High | |
| 13:00 | US | S&P/Case-Shiller Home Price YoY | 2.5 | 2.6 | 2.75 | Medium | |
| 13:00 | US | House Price Index | 443.5 | 444.4 | 444.90 | Low | |
| 13:00 | US | House Price Index YoY | 2.6 | 2.1 | 2.30 | Low | |
| 13:00 | US | House Price Index MoM | 0.3 | 0.2 | 0.25 | Low | |
| 13:00 | US | S&P/Case-Shiller Home Price MoM | 0 | -0.1 | 0.05 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Index | -2 | -3 | -5.50 | Low | |
| 14:00 | US | Richmond Fed Services Index | 0 | -2 | -2.50 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Shipments Index | -5 | -7 | -4.00 | Low | |
| 14:00 | US | New Home Sales | 0.684 | 0.66 | 0.66 | High | |
| 14:00 | US | CB Consumer Confidence | 81.9 | 80.5 | 79.70 | Medium | |
| 14:00 | US | New Home Sales MoM | 6.4 | -3.5 | -3.50 | High | |
| 14:30 | US | Dallas Fed Services Revenues Index | -0.9 | -2 | -1.25 | Low | |
| 14:30 | US | Dallas Fed Services Index | -1.8 | -3 | -0.70 | Low | |
| 17:00 | US | Money Supply | 23.34 | 23.4 | 23.57 | Low | |
| Wednesday, October 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Wholesale Inventories MoM | 0.5 | 0.3 | 0.35 | Medium | |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0 | -0.1 | -0.35 | Medium | |
| 12:30 | US | Goods Trade Balance | -132.1 | -128.7 | -129.30 | High | |
| 18:00 | US | Fed Interest Rate Decision | 4 | 4 | 4.00 | High | |