Money supply in M1 and M2 has been expanding in the past few weeks and certainly in respect to last year. M1 money supply, which is defined as Currency, Traveler's checks, demand deposits and other checkable deposits, rose 1.11% from the prior week and 10.09% from the year prior. M2 money supply, which is defined as M1 plus; Retail Money Market Mutual Funds, Savings and Small Time Deposits, rose 0.18% from the prior week and 3.97% from the prior year.
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