Birdwatch Note Rating
2023-09-10 11:02:12 UTC - HELPFUL
Rated by Participant: FE7061358CE97C79FA676C9AB9DA17AE8FB6F15521154D06B33B17CC4BA171EE
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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