One could perhaps hold a theory about how the seasonal adjustment (or monthly smoothing?) occlude some important dynamics. But the headline as-written ("Fed has stopped publishing the M1 money stock data") is not true.
I thought M2 (velocity) was what mattered in most contemporary inflation measurements, but I can't pretend I understand MMT. Anyone feel like explaining to a layman what's going on here?
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[ 1793 ms ] story [ 6135 ms ] threadThey stopped publishing WM1NS, the weekly, non-seasonally adjusted version.
They still publish https://fred.stlouisfed.org/series/M1SL, the monthly, seasonally adjusted version.
One could perhaps hold a theory about how the seasonal adjustment (or monthly smoothing?) occlude some important dynamics. But the headline as-written ("Fed has stopped publishing the M1 money stock data") is not true.
https://www.federalreserve.gov/releases/h6/h6_technical_qa.h...
I thought M2 (velocity) was what mattered in most contemporary inflation measurements, but I can't pretend I understand MMT. Anyone feel like explaining to a layman what's going on here?