Possibly not among the discussion topics at the Fed meeting was the money supply, but M2 has...

|By:, SA News Editor

Possibly not among the discussion topics at the Fed meeting was the money supply, but M2 has skied more than 27% over the past 3 months. Capital Economics' Paul Ashworth doesn't see the jump as inflationary, saying it's just European money crossing the pond. "The surge ... is very similar to the one seen after the collapse of Lehman Brothers 3 years ago."