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myroon5
50 days ago
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It's not a crime if we do it with an app
The definition of
M1
expanded in ~April 2020:
https://fredblog.stlouisfed.org/2021/05/savings-are-now-more...
greyface-
49 days ago
[–]
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.
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