M1

M1 is money under the publisher's stated definition, reported as Billions of Dollars.

19886.40

Billions of Dollars

Updated 2026-07-01 · monthly Increasing

M1 — latest reading: 19886.40 billions of dollars. As of July 2026, it is up 5.8% over the past 12 months, well above its 10-year average. Source: M1SL, US Federal Reserve Board, published monthly. Reported as published, without transformation; the publisher may revise it. Higher than all but 14 of 811 readings since 1959-01-01. Last at or above this level on 2022-11-01.

Min

138.90

Max

20750.40

Average

2699.89

10Y Percentile

88%

3M Change

+2.0%

Jul 2026 · 19,886.4 Billions of Dollars
NBER recession periods

M1 (M1SL) — 811 observations from 1959-01-01 to 2026-07-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.

Compare M1 with other indicators →

How these numbers changed

Every figure above is the current one. These are the same periods as first published — what M1 said on the day, before it was restated. Measured in Billions of Dollars.

PeriodFirst printNowChangeRepublished
Jun 202619831.519793.2-38.3
May 202619750.919710.9-40
Apr 202619531.819490.2-41.6
Mar 202619436.319401.8-34.5
Feb 202619396.919366.6-30.3
Jan 202619194.419185.7-8.7
Dec 202519111.819092.7-19.1
Nov 202519025.719018.3-7.4
Oct 202519004.218985.2-19
Sep 202518912.818904.7-8.1
Aug 202518898.918840.9-58

M1 for June 2026 first printed at 19831.5 on July 28, 2026, was revised once, and now reads down to 19793.2. Recompute any row from FRED's own vintage archive.

Macro Regime Context

The market regime is currently neutral (60% confidence).

See what this means across all four regime dimensions →

3-Month

+2.0%

6-Month

+3.7%

12-Month

+5.8%

What this means

M1 is currently at 19886.40 billions of dollars, which is well above its 10-year historical average. The trend is increasing (+2.0% over the past 3 months).

Over the past 6 months the change is +3.7%, and over 12 months it is +5.8%. The short-term pace is consistent with the longer trend.

Cite this page

MacroRadar, "M1," https://www.macroradar.io/m1 (as of July 2026).