Birdwatch Note Rating
2024-05-11 12:51:48 UTC - HELPFUL
Rated by Participant: B8EE6BAB272D8E6DF9320A082094C44E0069699816E890D6B7FF1E41339B6558
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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