Historical Year Data · 2022
SLOOS: Credit Card Tightening in 2022
SLOOS: Credit Card Tightening opened 2022 at -17.00% and closed at 18.80%, a +210.59% move for the year. The high of 18.80% was reached on October 1, and the low of -17.00% on January 1.
Open
-17.00%
2022-01
Close
18.80%
4 data points
High
18.80%
Oct 1
Low
-17.00%
Jan 1
Full Year Change
+210.59%
2021 Change
-142.97%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -17.00% | -17.00% | -17.00% | -17.00% | +0.00% |
| Apr | -10.40% | -10.40% | -10.40% | -10.40% | +0.00% |
| Jul | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Oct | 18.80% | 18.80% | 18.80% | 18.80% | +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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