Presenter(s)

    Thomas Roebker, Andrew Weltman

    Comments

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

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    Description

    In 2022, because of rising and high inflation, the U.S. Federal Reserve aggressively raised the Federal Funds rate with the aim of reversing the upward trend in inflation. In this study, we evaluate the inflation growth rate trends for the durable and non-durable goods sectors of the economy to see if they have had a reversal in trend direction. We carry out 3 empirical analyses: (1) We compare year over year by month inflation growth rates in the durable and non-durable goods sector to see if a trend reversal has occurred. (2) We calculate rolling 3-month growth rates annualized to see if the goods sector growth rates are also declining. (3) Using Step (1) and (2) above, we calculate CPI Inflation growth rates and then compare them to the goods sector growth rates to determine if they trend together.

    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 Inflation Growth Rate Trends in the Goods Component of CPI, 2022

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