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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