Historical Year Data · 1982
Federal Funds Rate in 1982
Federal Funds Rate opened 1982 at 13.22% and closed at 8.95%, a -32.30% move for the year. The high of 14.94% was reached on April 1, and the low of 8.95% on December 1.
Open
13.22%
1982-01
Close
8.95%
12 data points
High
14.94%
Apr 1
Low
8.95%
Dec 1
Full Year Change
-32.30%
1981 Change
-35.17%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 13.22% | 13.22% | 13.22% | 13.22% | +0.00% |
| Feb | 14.78% | 14.78% | 14.78% | 14.78% | +0.00% |
| Mar | 14.68% | 14.68% | 14.68% | 14.68% | +0.00% |
| Apr | 14.94% | 14.94% | 14.94% | 14.94% | +0.00% |
| May | 14.45% | 14.45% | 14.45% | 14.45% | +0.00% |
| Jun | 14.15% | 14.15% | 14.15% | 14.15% | +0.00% |
| Jul | 12.59% | 12.59% | 12.59% | 12.59% | +0.00% |
| Aug | 10.12% | 10.12% | 10.12% | 10.12% | +0.00% |
| Sep | 10.31% | 10.31% | 10.31% | 10.31% | +0.00% |
| Oct | 9.71% | 9.71% | 9.71% | 9.71% | +0.00% |
| Nov | 9.20% | 9.20% | 9.20% | 9.20% | +0.00% |
| Dec | 8.95% | 8.95% | 8.95% | 8.95% | +0.00% |
Events During 1982
1979 Volcker Shock
Stagflation
October 1979 – August 1982
Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.
1982 Latin American Debt Crisis
Deflation
August 1982 – 1989
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
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