M2 Grows 14% in January

At the present time, money supply growth is lumpy and together with the recent TSF points to rescue efforts instead of sustained inflation. There was a burst of M2 growth in May, June, July of 2015 (5.7% growth in three months), then a return to prior growth rates. A second burst was November, December and January 2016 (4.1% growth in three months).