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https://www.barrons.com/articles/m2-money-supply-federal-reserve-53c64103

M2 Money Supply Just Dropped the Most Ever. What That Says About the Fed’s Next Move.

By
Karishma Vanjani
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M2 money supply just experienced its largest year-over-year decline on record. That doesn’t mean the Federal Reserve’s work is done.

The Fed is widely expected to raise interest rates by another quarter of a percentage point in mid-March. It has been the central bank’s most aggressive monetary policy campaign in decades.

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