Money Supply Is Under Control, Until De-dollarized Capital Comes Home To Roost

U.S. dollar-denominated money supply grew 3.87% in Q2 2025, while the Dollar Index dropped 7.03%, amplifying the rise in global M2. Domestic M2 hit a record $22 trillion, with a year-over-year growth of 4.5%. However, factors like slower velocity of money and tariffs could prevent inflation.

read more