FX.co ★ U.S. M2 Money Supply Edges Higher to $23.22T in July 2026

The U.S. M2 money supply grew modestly in July 2026, rising to $23.22 trillion from $23.15 trillion in June 2026, according to data updated on 25 August 2026. The move marks a month-over-month expansion in broad liquidity after a previous reading that had stabilized at the June level.

Measured on a month-over-month basis, the latest figure shows that money supply in the U.S. economy continued to increase, with July’s level exceeding June’s by $0.07 trillion. In comparison, the prior month’s result reflected the change from May to June, providing a continuous view of how liquidity conditions have been evolving through the summer period.

This incremental uptick in M2—covering cash, checking deposits, savings accounts, and other near-money instruments—offers a snapshot of underlying monetary conditions and can influence expectations around consumer spending, credit availability, and the broader economic environment in the United States.