Historical Year Data · 2023
Cleveland Fed PCE Nowcast (MoM) in 2023
Cleveland Fed PCE Nowcast (MoM) opened 2023 at 3.93% and closed at 1.81%, a -53.89% move for the year. The high of 3.93% was reached on January 1, and the low of 1.81% on October 1.
Open
3.93%
2023-01
Close
1.81%
4 data points
High
3.93%
Jan 1
Low
1.81%
Oct 1
Full Year Change
-53.89%
2022 Change
-56.95%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.93% | 3.93% | 3.93% | 3.93% | +0.00% |
| Apr | 2.76% | 2.76% | 2.76% | 2.76% | +0.00% |
| Jul | 3.00% | 3.00% | 3.00% | 3.00% | +0.00% |
| Oct | 1.81% | 1.81% | 1.81% | 1.81% | +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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