The Federal Reserve reported a rise in M1.
The nation’s basic money supply, known as M1, rose $1.3 billion to a seasonally adjusted $758.0 billion in the week ended April 27 from a revised $756.7 billion the previous week, the central bank said. The previous week’s figure originally was reported as $757.0 billion. M1 includes cash in circulation, checking deposits and non-bank travelers checks.
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