{"id":114402,"date":"2023-01-26T17:00:02","date_gmt":"2023-01-26T23:00:02","guid":{"rendered":"http:\/\/news.olemiss.edu\/?p=114402"},"modified":"2023-01-26T17:27:32","modified_gmt":"2023-01-26T23:27:32","slug":"reuters-keep-an-eye-on-the-money-supply","status":"publish","type":"post","link":"https:\/\/web20.olemiss.edu\/news\/wordpress\/reuters-keep-an-eye-on-the-money-supply\/","title":{"rendered":"Reuters: Keep an Eye on the Money Supply"},"content":{"rendered":"<p><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-inflation-roller-coaster-prompts-fresh-look-long-ignored-money-supply-2023-01-26\/\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. inflation roller coaster prompts fresh look at long-ignored money supply<\/a><\/p>\n<p><em>By Michael S. Derby<\/em><\/p>\n<p>NEW YORK \u2013 The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some economists believe bolsters the case for U.S. inflation pressures continuing to abate.<\/p>\n<p>The Federal Reserve&#8217;s main measure of the nation&#8217;s money stock \u2013 known as M2 money supply \u2013 slid for a fifth straight month in December, dropping by a record $147.4 billion to a seasonally adjusted $21.2 trillion from the month before, data from the U.S. central bank released this week showed.<\/p>\n<p>A&nbsp;<a href=\"https:\/\/www.mercatus.org\/research\/research-papers\/quantity-theory-dead-lessons-pandemic\" target=\"_blank\" rel=\"noopener noreferrer\">paper<\/a>&nbsp;published this month by the Mercatus Center at George Mason University said that economists and policymakers would do well to keep an eye on money supply measures in the future.<\/p>\n<p>&#8220;Money has all but disappeared from monetary policy analysis,&#8221; given the economics profession&#8217;s emphasis on the view monetary policy works by managing expectations about the future path of interest rates, wrote Joshua Hendrickson of the University of Mississippi. Given money supply&#8217;s better-than-expected track record on recent inflation issues, ignoring these numbers has been &#8220;misguided,&#8221;&nbsp;he said.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-inflation-roller-coaster-prompts-fresh-look-long-ignored-money-supply-2023-01-26\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read the complete report here<\/a>.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>U.S. inflation roller coaster prompts fresh look at long-ignored money supply By Michael S. Derby NEW YORK \u2013 The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some economists believe bolsters the case for U.S. inflation pressures continuing to abate. The Federal Reserve&#8217;s<a class=\"more-link\" href=\"https:\/\/web20.olemiss.edu\/news\/wordpress\/reuters-keep-an-eye-on-the-money-supply\/\" rel=\"nofollow\">Read the story &#x2026;<\/a><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[484,482],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reuters: Keep an Eye on the Money Supply - Ole Miss News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/news.olemiss.edu\/reuters-keep-an-eye-on-the-money-supply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reuters: Keep an Eye on the Money Supply - Ole Miss News\" \/>\n<meta property=\"og:description\" content=\"U.S. inflation roller coaster prompts fresh look at long-ignored money supply By Michael S. Derby NEW YORK \u2013 The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some economists believe bolsters the case for U.S. inflation pressures continuing to abate. 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