Historical Year Data · 2022
Cleveland Fed Core PCE Nowcast (MoM) in 2022
Cleveland Fed Core PCE Nowcast (MoM) opened 2022 at 5.41% and closed at 3.96%, a -26.77% move for the year. The high of 5.41% was reached on January 1, and the low of 3.96% on October 1.
Open
5.41%
2022-01
Close
3.96%
4 data points
High
5.41%
Jan 1
Low
3.96%
Oct 1
Full Year Change
-26.77%
2021 Change
+107.19%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 5.41% | 5.41% | 5.41% | 5.41% | +0.00% |
| Apr | 4.30% | 4.30% | 4.30% | 4.30% | +0.00% |
| Jul | 4.53% | 4.53% | 4.53% | 4.53% | +0.00% |
| Oct | 3.96% | 3.96% | 3.96% | 3.96% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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