M2, the broad money supply, rose to 15.0212 trillion U.S. dollars from 15.0108 trillion dollars a week ago, while M1, the narrow money supply, decreased from 3.8901 trillion dollars to 3.8755 trillion dollars.
U.S. Federal Reserve lowered interest rates by 25 basis points on Sept. 18 amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown.
Besides, the Federal Reserve Bank of New York had conducted repurchase operations for more than a week under the instruction of the Fed, in order to provide more liquidity for the U.S. financial market since Sept. 17.
M1 is commonly known as a measure of money supply, which includes cash and checking deposits. M2, the most critical indicator of money supply and inflation, includes all elements of M1 as well as savings deposits, money market securities, mutual funds, and other time deposits.
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