Monetary Base Grows for First Time Since February 2016

(Positive) In July 2017, the monetary base was $3.807 trillion.Compared with one year ago, in the monetary base increased 0.4 percent. This was the first month-over-month increase in the monetary base since February 2016. The annual rate of change in the monetary base, now -4.6 percent, contracted for the 17^th consecutive month. But, the annual rate of contraction decelerated for the fifth month in a row, putting the rate of contraction at its slowest since October 2016.