US Economics

US Economics Update

21 August, 2018

Monetary Indicators Monitor (Jul.)

The slowdown in narrow money growth reflects the Fed’s efforts to shrink its balance sheet and the rise in interest rates, with the latter increasing the opportunity cost of holding funds in non-interest bearing deposit accounts. In contrast, broad money and credit growth remain strong, confirming that the weakness in narrow money growth is not a signal that the real economy is in trouble.

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.