Historical Year Data · 2022
Cleveland Fed PCE Nowcast (MoM) in 2022
Cleveland Fed PCE Nowcast (MoM) opened 2022 at 7.32% and closed at 3.15%, a -56.95% move for the year. The high of 7.32% was reached on January 1, and the low of 3.15% on October 1.
Open
7.32%
2022-01
Close
3.15%
4 data points
High
7.32%
Jan 1
Low
3.15%
Oct 1
Full Year Change
-56.95%
2021 Change
+80.93%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 7.32% | 7.32% | 7.32% | 7.32% | +0.00% |
| Apr | 7.12% | 7.12% | 7.12% | 7.12% | +0.00% |
| Jul | 4.25% | 4.25% | 4.25% | 4.25% | +0.00% |
| Oct | 3.15% | 3.15% | 3.15% | 3.15% | +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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