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M2 money supply growth slowed from 12.9% in February 2022 to -3.7% by October 2023.

Submitted by ◎ stannebraska (329) 5 months, 3 weeks ago
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Restrictive Fed policy reduced money supply growth and even caused contraction, limiting the funds available for spending and price increases.

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Cited as evidence in 1 claim: The Federal Reserve's interest rate hikes reduced inflation… (supports)

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[+0] The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023. central-banking inflation interest-rates macroeconomics monetary-policy
M2 money supply growth slowed from 12.9% in February 2022 to -3.7% by October 2023.
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