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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS M2 Money Supply MoM climbed to 23.15 T in July 2026
FMPMonthlyReleased July 2026
US M2 Money Supply MoM climbed to 23.15 T in July 2026, up 0.1 T from June's 23.05 T reading.
Latest Release
23.150000
Actual
—
Consensus
23.050000
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 |
|---|---|---|---|---|---|
| AUD/USD | ▼ Inverse | −0.83 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.77 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.74 | INDEX | Moves against | → View |
| USD/CAD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.63 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M2 Money Supply MoM (United States) was reported at 23.15 T in July 2026. The reading rose from the previous value of 23.05 T. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 22.51 T, ranging from 22.12 T to 23.15 T across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 23.00 T, up from the prior three at 22.50 T. Volatility over the past year (σ 0.34 T) is higher than the prior year (σ 0.16 T).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/USD (Bearish AUD). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD).
WHAT TO WATCH NEXT
The next release is scheduled for August 25, 2026. 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 July 2026.
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M2 Money Supply MoM - US
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About M2 Money Supply MoM — United States
DEFINITION
US M2 Money Supply MoM rose to 23.150000 trillion USD in July, up from June's 23.050000 trillion USD, marking a steady increase. The July figure continues the expansion trend seen since May, reflecting ongoing liquidity growth. Market focus remains on Federal Reserve policy amid persistent money supply gains. Updated 7/29/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 23.15 T. Prior reading (May 2026): 23.05 T. Before that (Apr 2026): 22.8 T.
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 AUD/USD (Bearish AUD, r=-0.83) — a useful reference for forex-focused traders.
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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 | 0.628 | 0.62 | 0.60 | 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 | 0.3 | 0.2 | 0.15 | High | |
| 12:30 | US | Real Consumer Spending | 3.2 | 3.2 | 3.20 | Low | |
| 14:30 | US | EIA Distillate Stocks Change | -1.53 | -1.7 | -2.25 | Low | |
| 14:30 | US | EIA Gasoline Stocks Change | 0.688 | -1 | -1.09 | Medium | |
| 14:30 | US | EIA Crude Oil Stocks Change | 4.405 | 1.9 | 2.29 | Medium | |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Goods Trade Balance Adv | -101.4 | -99 | -99.00 | Medium | |
| 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 | 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 | |