The US M2 money supply increased 0.72% MoM to $21.86 trillion in April, the largest monthly increase since December 2021. The annual increase accelerated from 3.9% YoY to 4.4% YoY.

• M1 money supply saw a smaller increased of 0.68% MoM to $18.67 trillion but the annual gain still saw an acceleration to 3.9% YoY from 3.1% YoY.
• The growth in total reserves was -2.2% YoY, an improvement from -3.8% YoY, and the total monetary base was down just -0.7% YoY after a decline of -1.8% YoY previously.