Historical Year Data · 2022
Fed Funds Target (Upper) in 2022
Fed Funds Target (Upper) opened 2022 at 0.25% and closed at 4.50%, a +1700.00% move for the year. The high of 4.50% was reached on December 15, and the low of 0.25% on January 1.
Open
0.25%
2022-01
Close
4.50%
365 data points
High
4.50%
Dec 15
Low
0.25%
Jan 1
Full Year Change
+1700.00%
2021 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.25% | 0.25% | 0.25% | 0.25% | +0.00% |
| Feb | 0.25% | 0.25% | 0.25% | 0.25% | +0.00% |
| Mar | 0.25% | 0.50% | 0.50% | 0.25% | +100.00% |
| Apr | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| May | 0.50% | 1.00% | 1.00% | 0.50% | +100.00% |
| Jun | 1.00% | 1.75% | 1.75% | 1.00% | +75.00% |
| Jul | 1.75% | 2.50% | 2.50% | 1.75% | +42.86% |
| Aug | 2.50% | 2.50% | 2.50% | 2.50% | +0.00% |
| Sep | 2.50% | 3.25% | 3.25% | 2.50% | +30.00% |
| Oct | 3.25% | 3.25% | 3.25% | 3.25% | +0.00% |
| Nov | 3.25% | 4.00% | 4.00% | 3.25% | +23.08% |
| Dec | 4.00% | 4.50% | 4.50% | 4.00% | +12.50% |
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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