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 li...
Savings deposits were reclassified from a non-M1 component of M2 into M1 itself. Since M2 ⊃ M1 that change isn't actually reflected in the M2 chart. You can see the M1 chart ~triple overnight when the change was made: https://fred.stlouisfed.org/series/M1SL