The United States M2 money supply expanded by $124.9 billion throughout August, reaching a new all-time high of $23.34 trillion. This development represents the 28th straight month of growth, contributing to a cumulative increase of $2.61 trillion over that timeframe.
On a year-over-year basis, the M2 supply climbed 5.7%, marking the most significant annual gain since June 2022. This latest figure indicates a substantial acceleration in monetary expansion compared to the previous year-over-year growth rate of 2.0%.