On: It's not a crime if we do it with an app

[daedrdev]

It's not as insane as it looks. They changed the definition of M2 in 2020, which means we expect to see a jump right then

[myroon5 → daedrdev]

The definition of M1 expanded in ~April 2020: https://fredblog.stlouisfed.org/2021/05/savings-are-now-more...

[greyface- → myroon5]

And to the extent that the definition of M2 changed in 2020 (the FRED series description indicates it did), this was only in response to the expansion of M1, to ensure that it was not double-counted in or removed from M2.

[fransje26 → daedrdev]

Ah, thank you for the clarification.