M2 growth slowed to 8.9 percent over the past 12 months, but 3-month annualized growth ticked up to 11.3 percent. The latter number is 2.8 percentage points below the August 2016 pace.
M2 historically slows sharply in September and October.
FTAV’s further reading
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Passive; prisons; porn; post-SEO and Elon (sigh)
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