Historical Year Data · 2022
Effective Fed Funds Rate in 2022
Effective Fed Funds Rate opened 2022 at 0.08% and closed at 4.33%, a +5312.50% move for the year. The high of 4.33% was reached on December 15, and the low of 0.08% on January 3.
Open
0.08%
2022-01
Close
4.33%
250 data points
High
4.33%
Dec 15
Low
0.08%
Jan 3
Full Year Change
+5312.50%
2021 Change
-22.22%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.08% | 0.08% | 0.08% | 0.08% | +0.00% |
| Feb | 0.08% | 0.08% | 0.08% | 0.08% | +0.00% |
| Mar | 0.08% | 0.33% | 0.33% | 0.08% | +312.50% |
| Apr | 0.33% | 0.33% | 0.33% | 0.33% | +0.00% |
| May | 0.33% | 0.83% | 0.83% | 0.33% | +151.52% |
| Jun | 0.83% | 1.58% | 1.58% | 0.83% | +90.36% |
| Jul | 1.58% | 2.32% | 2.33% | 1.58% | +46.84% |
| Aug | 2.33% | 2.33% | 2.33% | 2.33% | +0.00% |
| Sep | 2.33% | 3.08% | 3.08% | 2.33% | +32.19% |
| Oct | 3.08% | 3.08% | 3.08% | 3.08% | +0.00% |
| Nov | 3.08% | 3.83% | 3.83% | 3.08% | +24.35% |
| Dec | 3.83% | 4.33% | 4.33% | 3.83% | +13.05% |
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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