Birdwatch Note Rating
2023-09-10 08:49:31 UTC - HELPFUL
Rated by Participant: 1D1763870F88FA23EA0328208EAB527473A4DEF7CB5994E24E5FB5AEFA6FDFA5
Participant Details
Original Note:
The definition of M1 money supply was changed in April of 2020. “Savings deposits are now just as liquid and convenient as currency, demand deposits, and OCDs. To reflect this fact, savings deposits are now included in M1.” https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/
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