US Money Supply Reaches Record High Amid Ongoing Fed Policies

The US money supply has reached a new high of $23.34 trillion in August, up from $23.22 trillion in the previous month, according to recent data.

This increase marks the latest development in the ongoing expansion of the US monetary base, which has been driven by the Federal Reserve's quantitative easing policies and other factors.

The news comes as the Fed has been hiking interest rates to combat inflation, with its most recent decision last week seeing a 25bps hike to 3.75-4.00%.