Velocity Of Money – Charts Updated Through April 27, 2018

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Here are three charts from the St. Louis Fed depicting the velocity of money in terms of the MZM, M1 and M2 money supply measures.

All charts reflect quarterly data through the 1st quarter of 2018, and were last updated as of April 27, 2018.  As one can see, two of the three measures are very near an all-time low for the periods depicted:

Velocity of MZM Money Stock, current value = 1.305:

MZM Money Velocity

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed April 30, 2018:

http://research.stlouisfed.org/fred2/series/MZMV

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Velocity of M1 Money Stock, current value = 5.484:

M1 Money Velocity

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed April 30, 2018:

http://research.stlouisfed.org/fred2/series/M1V

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Velocity of M2 Money Stock, current value = 1.439:

M2 Money Velocity

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed April 30, 2018:

http://research.stlouisfed.org/fred2/series/M2V

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I post various indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 2669.91 as this post is written