U.S. money supply contracts for fifth straight month, still 33% higher than before pandemic

The printing press is grinding to a halt.

According to fresh data from the Federal Reserve, the nation’s money supply continues to contract.

In April, the M2 money stock print tumbled nearly five percent, representing the fifth consecutive contraction, which is the first time since the Fed launched the series.

Despite the substantial decline, the money in circulation is still 33 percent higher than before the coronavirus pandemic.