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Birdwatch Note Rating

2024-05-11 14:30:17 UTC - HELPFUL

Rated by Participant: 623401333EC2E21036FAF312FCC826AFFB64A34484F7DBCD2A23499CFB2BE92A
Participant Details

Original Note:

This isn't inflation; it's the Fed's M2 metric of available money supply. The spike reflects COVID relief funds. (Presented as % change over 12 months, the later Biden-era $$ increases show as positive but smaller than the COVID-induced spike.) https://fred.stlouisfed.org/graph/?graph_id=248494, https://www.investopedia.com/terms/m/m2.asp, https://fred.stlouisfed.org/series/WM2NS Inflation data: https://beta.bls.gov/dataViewer/view/timeseries/CUUR0000SA0, https://www.usinflationcalculator.com/inflation/current-inflation-rates/

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