Story perspectives

U.S. Money Supply Hits $22.2 Trillion Amid Inflation

11/4/2025

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Summary

Story summary

In September 2025, U.S. money supply M2 reached record $22.2 trillion, up 4.5% year-over-year.
This marked the 19th consecutive monthly increase, with inflation-adjusted growth at 1.4%.
The Federal Reserve injected $29.4 billion into the financial system, the largest intervention since the dot-com boom.
China's central bank also provided liquidity to bolster its economy.
Market participants linked higher liquidity to Bitcoin gains but remained cautious ahead of policy moves into 2026.

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Story summary

In September 2025, U.S. money supply M2 reached record $22.2 trillion, up 4.5% year-over-year.
This marked the 19th consecutive monthly increase, with inflation-adjusted growth at 1.4%.
The Federal Reserve injected $29.4 billion into the financial system, the largest intervention since the dot-com boom.
China's central bank also provided liquidity to bolster its economy.
Market participants linked higher liquidity to Bitcoin gains but remained cautious ahead of policy moves into 2026.