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Top 3 Banking Stocks Set to Rally with Expanding Money Supply
BACBank of America(BAC) MarketBeat·2024-06-20 11:00

One of the most significant economic indicators has just turned into expansion mode after leaving investors concerned about the Federal Reserve (the Fed) not following through with its plans to cut interest rates by the end of 2024. The M2 money supply is now back into expansion to change its previously steady contraction path, and that’s good news for those with buying power.On a year-over-year basis, the United States money supply is up slightly. However, despite how slight its increase may be, the driver ...