Historical Year Data · 2023
Fed Funds Target (Upper) in 2023
Fed Funds Target (Upper) opened 2023 at 4.50% and closed at 5.50%, a +22.22% move for the year. The high of 5.50% was reached on July 27, and the low of 4.50% on January 1.
Open
4.50%
2023-01
Close
5.50%
365 data points
High
5.50%
Jul 27
Low
4.50%
Jan 1
Full Year Change
+22.22%
2022 Change
+1700.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.50% | 4.50% | 4.50% | 4.50% | +0.00% |
| Feb | 4.50% | 4.75% | 4.75% | 4.50% | +5.56% |
| Mar | 4.75% | 5.00% | 5.00% | 4.75% | +5.26% |
| Apr | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
| May | 5.00% | 5.25% | 5.25% | 5.00% | +5.00% |
| Jun | 5.25% | 5.25% | 5.25% | 5.25% | +0.00% |
| Jul | 5.25% | 5.50% | 5.50% | 5.25% | +4.76% |
| Aug | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Sep | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Oct | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Nov | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Dec | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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