M2 Money Supply Hits Record $23.22 Trillion, Fastest Growth Since 2022

The Fed's H.6 release put M2 at a record $23.218 trillion in July 2026, up 5.41% on the year, the fastest money supply growth since June 2022.

The Fed's H.6 release put M2 at a record $23.218 trillion in July 2026, up 5.41% on the year, the fastest money supply growth since June 2022.

Treasury sells $183 billion of two, five and seven-year notes August 25 to 27, the same week July PCE prints and Fed Chair Kevin Warsh gives his first Jackson Hole keynote.

Total public debt outstanding closed at $40,047,425,768,420.22 on August 18, 2026, the first reading above $40 trillion, 154 days after the $39 trillion crossing.

The Fed publishes its July 28 to 29 minutes on Wednesday, August 19. The Committee held rates 9 to 3, three officials wanted a hike, and prime stayed at 6.75%.

Treasury sold $25 billion of 30-year bonds at 5.216 percent on August 13, the highest yield on long-dated federal debt since 2001, as bid-to-cover slipped to 2.39.

Households expect 3.6% inflation over the next year, the New York Fed's July survey shows, with three-year and five-year readings flat ahead of Wednesday's CPI report.

U.S. employers cut 23,000 jobs in July and revisions erased 103,000 more from May and June, pushing September Fed hold odds to about 60 percent. Prime holds at 6.75 percent.

June core PCE inflation eased to 3.3 percent, its first cooling in months, but a divided Fed that held rates on July 29 keeps the prime rate at 6.75 percent.

The Fed opens its two-day July meeting Tuesday with a rate hike a live possibility. Futures put hike odds near 34% as oil above $100 revives inflation fears.

Brent crude topped $100 and the 10-year Treasury yield hit its highest since January 2025, lifting September Fed rate-hike odds to about 82% as prime holds at 6.75%.