Data are seasonally adjusted. Last plots for M1, M2, M3, and the monetary base are estimated for March 2000. Last plot for sweep-adjusted M1 and base is February 1999. Dotted lines for M2 and M3 are FOMC-determined provisional ranges. All other lines represent growth in levels and are for reference only.
All yield curves are option adjusted.
Bloomberg Financial Information Services. All yields are from constant-maturity series. Monthly change in rate, scaled by level raised to the 1.5th power. Inflation and Prices a. Calculated by the Federal Reserve Bank of Cleveland.