Current Forecast of US Currency in Circulation

Units: Billion USD, Average of Month.  Not Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Currency in Circulation

DateForecast
Oct-171583.9
Nov-171591
Dec-171587
Jan-181570
Feb-181566
Mar-181573
Apr-181567

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.