Historical Year Data · 2023
Cleveland Fed Core PCE Nowcast (MoM) in 2023
Cleveland Fed Core PCE Nowcast (MoM) opened 2023 at 4.74% and closed at 2.12%, a -55.35% move for the year. The high of 4.74% was reached on January 1, and the low of 2.12% on October 1.
Open
4.74%
2023-01
Close
2.12%
4 data points
High
4.74%
Jan 1
Low
2.12%
Oct 1
Full Year Change
-55.35%
2022 Change
-26.77%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.74% | 4.74% | 4.74% | 4.74% | +0.00% |
| Apr | 4.03% | 4.03% | 4.03% | 4.03% | +0.00% |
| Jul | 2.52% | 2.52% | 2.52% | 2.52% | +0.00% |
| Oct | 2.12% | 2.12% | 2.12% | 2.12% | +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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