Historical Year Data · 2016
Cleveland Fed Core PCE Nowcast (MoM) in 2016
Cleveland Fed Core PCE Nowcast (MoM) opened 2016 at 1.94% and closed at 1.31%, a -32.60% move for the year. The high of 1.94% was reached on January 1, and the low of 1.31% on October 1.
Open
1.94%
2016-01
Close
1.31%
4 data points
High
1.94%
Jan 1
Low
1.31%
Oct 1
Full Year Change
-32.60%
2015 Change
+17.18%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1.94% | 1.94% | 1.94% | 1.94% | +0.00% |
| Apr | 1.69% | 1.69% | 1.69% | 1.69% | +0.00% |
| Jul | 1.54% | 1.54% | 1.54% | 1.54% | +0.00% |
| Oct | 1.31% | 1.31% | 1.31% | 1.31% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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