https://fred.stlouisfed.org/series/M1
In: Economics
The huge spike means nothing.
As of May 2020, the Fed Changed the definition of M1, to include other liquid assets. Those assets were not counted as part of M1 before May 2020. So, once they changed the definition to include other things, the amount they measured changed.
So it looks like some big increase, but it isn’t. It is an artifact of a changed definition.
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