Presenter(s)

Sydnee Haymore

Comments

Presentation: 9:00-10:15 a.m., Kennedy Union Ballroom

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Description

In 2022, the U.S. Federal Reserve, in order to curb growing inflation in the U.S., responded by making rapid and significant increases in the Federal Funds Rate. In this study, I look at the Medical Care component of the Consumer Price Index (CPI) to determine if the rise in the Federal Funds Rate has brought about a downward trend in its growth rate. I also make a similar comparison for overall CPI and then see if the Medical component and overall CPI growth rates are trending together.I use year over year by month inflation growth rates and rolling three-month growth rates annualized to determine trend direction of both the Medical Care component and CPI.

Publication Date

4-19-2023

Project Designation

Independent Research

Primary Advisor

Jon Fulkerson, Robert Dean

Primary Advisor's Department

Economics and Finance

Keywords

Stander Symposium, School of Business Administration

Institutional Learning Goals

Scholarship

Inflation Trends in a Rising Interest Rate Environment: An Analysis of Growth Rate Trends in the Medical Care Component of CPI, 2022

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