US M2 money supply surged $102.8 billion in a month

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US M2 money supply surged $102.8 billion in a month

A $102.8B one-month M2 expansion lands the same day Fed Chair Warsh calls price stability the predominant focus — liquidity expanding into hawkish rhetoric is the tension underneath this week's tape, where every risk asset reaccelerated while the bond complex stayed broken. Single macro-account capture; the series print itself is verifiable against Fed data and has not been independently checked here.

The Kobeissi Letter✓ @KobeissiLetter
Aug 28

BREAKING: US M2 money supply surged +$102.8 billion in July, to a record $23.22 trillion. This marks the 27th consecutive monthly increase. Since the start of 2026, M2 has now risen +$862.7 billion. Furthermore, money supply now stands $1.43 trillion above the March 2022 peak.

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A $102.8B one-month M2 expansion lands the same day Fed Chair Warsh calls price stability the predominant focus — liquidity expanding into hawkish rhetoric is the tension underneath this week's tape, where every risk asset reaccelerated while the bond complex stayed broken. Single macro-account capture; the series print itself is verifiable against Fed data and has not been independently checked here.