Historical Year Data · 2023
Cleveland Fed Core CPI Nowcast (MoM) in 2023
Cleveland Fed Core CPI Nowcast (MoM) opened 2023 at 5.04% and closed at 3.38%, a -32.90% move for the year. The high of 5.12% was reached on April 1, and the low of 2.90% on July 1.
Open
5.04%
2023-01
Close
3.38%
4 data points
High
5.12%
Apr 1
Low
2.90%
Jul 1
Full Year Change
-32.90%
2022 Change
-31.39%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 5.04% | 5.04% | 5.04% | 5.04% | +0.00% |
| Apr | 5.12% | 5.12% | 5.12% | 5.12% | +0.00% |
| Jul | 2.90% | 2.90% | 2.90% | 2.90% | +0.00% |
| Oct | 3.38% | 3.38% | 3.38% | 3.38% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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