Historical Year Data · 2022
Financial Conditions (NFCI) in 2022
Financial Conditions (NFCI) opened 2022 at -0.56 and closed at -0.22, a +60.02% move for the year. The high of -0.10 was reached on October 7, and the low of -0.56 on January 14.
Open
-0.56
2022-01
Close
-0.22
52 data points
High
-0.10
Oct 7
Low
-0.56
Jan 14
Full Year Change
+60.02%
2021 Change
+8.74%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -0.56 | -0.54 | -0.54 | -0.56 | +3.63% |
| Feb | -0.52 | -0.44 | -0.44 | -0.52 | +16.13% |
| Mar | -0.41 | -0.37 | -0.37 | -0.41 | +9.42% |
| Apr | -0.37 | -0.34 | -0.34 | -0.37 | +9.27% |
| May | -0.32 | -0.26 | -0.26 | -0.32 | +18.59% |
| Jun | -0.24 | -0.17 | -0.17 | -0.24 | +27.05% |
| Jul | -0.17 | -0.22 | -0.17 | -0.22 | -32.38% |
| Aug | -0.23 | -0.23 | -0.23 | -0.24 | +3.15% |
| Sep | -0.21 | -0.11 | -0.11 | -0.21 | +47.43% |
| Oct | -0.10 | -0.13 | -0.10 | -0.13 | -26.82% |
| Nov | -0.15 | -0.18 | -0.15 | -0.18 | -25.89% |
| Dec | -0.19 | -0.22 | -0.19 | -0.22 | -19.88% |
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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