Historical Year Data · 2022
Sahm Rule Recession Indicator in 2022
Sahm Rule Recession Indicator opened 2022 at -0.20% and closed at 0.03%, a +115.00% move for the year. The high of 0.07% was reached on October 1, and the low of -0.20% on January 1.
Open
-0.20%
2022-01
Close
0.03%
12 data points
High
0.07%
Oct 1
Low
-0.20%
Jan 1
Full Year Change
+115.00%
2021 Change
-108.91%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -0.20% | -0.20% | -0.20% | -0.20% | +0.00% |
| Feb | -0.13% | -0.13% | -0.13% | -0.13% | +0.00% |
| Mar | -0.10% | -0.10% | -0.10% | -0.10% | +0.00% |
| Apr | -0.13% | -0.13% | -0.13% | -0.13% | +0.00% |
| May | -0.07% | -0.07% | -0.07% | -0.07% | +0.00% |
| Jun | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Jul | -0.03% | -0.03% | -0.03% | -0.03% | +0.00% |
| Aug | 0.03% | 0.03% | 0.03% | 0.03% | +0.00% |
| Sep | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Oct | 0.07% | 0.07% | 0.07% | 0.07% | +0.00% |
| Nov | 0.07% | 0.07% | 0.07% | 0.07% | +0.00% |
| Dec | 0.03% | 0.03% | 0.03% | 0.03% | +0.00% |
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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