Birdwatch Note Rating
2023-09-09 20:34:44 UTC - HELPFUL
Rated by Participant: 4F8DFA024F93132689EEDFF2A189E507CBFD3FECFDBC4611438CA7794A0F318C
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/
All Note Details