Dixon Hughes Goodman

The University of North Carolina at Greensboro & Dixon Hughes Goodman - Triad Business Index

Monetary Indicators

Monetary Indicators Graph

The Federal Reserve decreased the monetary base in May as the policy of quantitative easing moves further into the rear-view mirror. The real monetary base rose just 0.7% over the past 12 months. In contrast, total bank lending (business, consumer, and real estate) adjusted for inflation was up 3.8% since May of last year, with business lending growing the most.