Anyone know why the FRED removed savings deposits from their M2 stats. in May 2020? Right before that change it looks like M2 as going vertical. Is there any way to compare what current M2 would be like with/without this change?
https://fred.stlouisfed.org/series/M2SL
I think the answer to “why they removed it” is found in the “looks like it was going vertical” observation 🤣
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