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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Money Supply climbed to 23.15 T in June 2026
FMPMonthlyReleased July 2026
US Money Supply climbed to 23.15 T in June 2026, released July 2026, up 0.1 T from May's 23.05 T reading. The reading matched the 22.8 T consensus. Money Supply has now risen for 8 consecutive months. Over the past 3 months, Money Supply averaged 22.93 T, vs 22.59 T in the prior 3-month window. Money Supply is now the highest in 18 months.
Latest Release
23.15
Actual
22.8
Consensus
23.05
Previous
Median Absolute Error
±0.21
across last 3 releases
Last Call
Jul 2026
Predicted: 22.8
Actual: 23.15
Error: -0.35
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
Money Supply (United States) was reported at 23.15 T in July 2026. This beat the market consensus of 22.80 T by 0.35 T. 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 lower than the prior year (σ 0.58 T). In July readings over the past 3 years, Money Supply has averaged 22.07 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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Money Supply - US
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About Money Supply — United States
DEFINITION
Money Supply is a key financial indicator that measures the total amount of money in circulation within an economy. It includes all physical currency, such as coins and banknotes, as well as digital forms of money, such as bank deposits and electronic transfers. This indicator is closely monitored by economists and policymakers as it can have a significant impact on inflation, interest rates, and overall economic growth. Changes in the money supply can provide valuable insights into the current state and future direction of an economy.
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, consensus 22.8 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 | |