Historical Year Data · 2022
Cleveland Fed CPI Nowcast (MoM) in 2022
Cleveland Fed CPI Nowcast (MoM) opened 2022 at 9.01% and closed at 3.41%, a -62.19% move for the year. The high of 10.01% was reached on April 1, and the low of 3.41% on October 1.
Open
9.01%
2022-01
Close
3.41%
4 data points
High
10.01%
Apr 1
Low
3.41%
Oct 1
Full Year Change
-62.19%
2021 Change
+131.43%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 9.01% | 9.01% | 9.01% | 9.01% | +0.00% |
| Apr | 10.01% | 10.01% | 10.01% | 10.01% | +0.00% |
| Jul | 5.59% | 5.59% | 5.59% | 5.59% | +0.00% |
| Oct | 3.41% | 3.41% | 3.41% | 3.41% | +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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