Liquidity is ample — no monetary squeeze in sight.

M2 Money Supply · year-over-year

M2 growth: 4.72% — M2 is growing 4.7% a year — a normal pace.

Fed Balance Sheet · total assets

Fed assets: $6.73T — The Fed's balance sheet is little changed from a year ago, now $6.73 trillion.

Bank Reserves at the Fed

Reserves: $3.08T — The level of bank reserves is down 6% from a year ago, now $3.08 trillion.

Overnight Reverse Repo

Reverse repo: $0.45B — The overnight reverse-repo facility is down 100% from a year ago, now $0.5 billion.