The US money supply reached $21.17 trillion in August, the highest since January 2023. This also marks the fifth consecutive monthly increase in the US money supply. Over the past 10 months, the volume of US dollars in circulation has jumped by a HUGE $484 billion. In fact, the money supply is now just $548 billion below the new all-time high.
After a brief slump, the amount of money in the financial system is rising again, raising fears of a new wave of inflation. Is inflation expected to return in 2025?