United States Narrow Money (M1): 18,158.20 USD bn (September 2023)
United States Narrow Money (M1) came in at 18,158.20 on Oct 24, 2023, compared with 18,262.70 previously. See the full release history, chart, Federal Reserve context, and API access for this series.
- Actual
- 18,158.20
- Previous
- 18,262.70
- Forecast
- --
- Next release
- Nov 24, 2026
September 2023
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United States Narrow Money (M1) release chart
Readings leading into this release, with this print highlighted. Hover or tap a point for its value.
United States Narrow Money (M1) release analysis
What the release showed
United States Narrow Money (M1) came in at 18,158.20 in the release of Oct 24, 2023, down 104.5 from 18,262.70.
How it compares
This is the lowest reading in the 3 releases shown since July 2023.
The series rose in 0 and fell in 2 of those release-to-release moves.
Why Narrow Money (M1) matters for USD
Rapid M1 growth can signal future inflationary pressures via the quantity theory of money. Conversely, shrinking M1 may indicate tightening monetary conditions, which reduces inflation risk but also slows economic activity.
How to read it
M1 alone is rarely a primary FX catalyst, but sustained above-trend growth is a medium-term inflation risk and may increase rate-hike probability, supporting the usd. Contracting M1 is associated with tighter liquidity.
What to watch next
The next United States Narrow Money (M1) release is due on Nov 24, 2026.
- M1 contraction during rate-hike cycles
- Shift from M1 to M2 (money-market funds) as a tightening tell
- Year-over-year vs sequential trends
- China M1 cycle and property cycle linkage
Recent United States Narrow Money (M1) releases
Each release with the date it was published. Full history
| Released | Period | Actual | Previous | Forecast |
|---|---|---|---|---|
| Oct 24, 2023 | September 2023 | 18,158.20 | 18,262.70 | -- |
| Sep 26, 2023 | August 2023 | 18,262.70 | 18,367.40 | -- |
| Aug 22, 2023 | July 2023 | 18,367.40 | 18,454.50 | -- |
Get United States Narrow Money (M1) data as soon as it is published
This page shows the most recent releases. The API serves the full United States Narrow Money (M1) history and every other series we cover, with each row stamped with the time the official source published it.
- Full release history with actual, previous and reference period on every row.
- Publication timestamps on each announcement, so backtests only use data that was public at the time.
- Consensus forecasts joined by announcement ID to measure the surprise.
- Release calendar with confirmed times for upcoming announcements.
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Start Free Trial Read the API referenceGET https://api.fxmacrodata.com/v1/announcements/usd/m1
import requests
resp = requests.get(
"https://api.fxmacrodata.com/v1/announcements/usd/m1",
headers={"X-API-Key": "YOUR_API_KEY"},
timeout=30,
)
rows = resp.json()["data"]
print(rows[-1])Match this release by announcement_id usd_m1_2023-09-30. Forecasts for the same release: /v1/predictions/usd/m1.
Release data snapshot
Citation fields for this announcement.
| Public release ID | usd_m1_2023-10-24 |
|---|---|
| API announcement ID | usd_m1_2023-09-30 |
| Release time | Exact time unavailable |
| Reference period date | 2023-09-30 |
| Actual value | 18,158.20 |
| Previous value | 18,262.70 |
| Forecast | -- |
| Surprise | -- |
More United States Narrow Money (M1) releases
Move through adjacent announcement records for the same series.
Related United States indicators
Continue from this release into adjacent macro series for the same country.
Common questions about this release
The value, its publication time, the next scheduled date, and the official publisher for United States Narrow Money (M1).
What did United States Narrow Money (M1) come in at, and how did it compare with the forecast and the previous reading?
United States Narrow Money (M1) was 18,158.20 USD bn in September 2023. The previous reading was 18,262.70 USD bn.
When was this United States Narrow Money (M1) release published?
The actual publication time is unavailable.
When is the next United States Narrow Money (M1) release?
The next United States Narrow Money (M1) release is scheduled for Nov 24, 2026.
What is the official source for United States Narrow Money (M1)?
Federal Reserve publishes the official Narrow Money (M1) series. FXMacroData stores every release with its announcement timestamp and serves it from the announcements endpoint for this series.
Raw announcement payload
Field names are preserved for traceability and downstream testing.
{
"announcement_datetime": 1698166800,
"announcement_id": "usd_m1_2023-09-30",
"date": "2023-09-30",
"previous_value": 18262.7,
"publication_time_precision": "unknown",
"publication_time_status": "unverified",
"revisions": [
{
"epoch": 1698166800,
"val": 18158.2
},
{
"epoch": 1738087200,
"val": 18158.4
}
],
"source_contract": {
"basis": "catalogue",
"frequency": "Monthly",
"source_series_id": "FRB:H6:M1SL",
"unit": "USD bn"
},
"val": 18158.2
}