Presenter(s)

Kathleen Mae Hattrup

Comments

Presentation: 9:00-10:15, Kennedy Union Ballroom

Download

Download Project (279 KB)

Description

Stocks in the energy sector are highly volatile due to ongoing imbalances in the supply and demand for oil and natural gas. In this study, I examine the impact of rising interest rates and in particular, fed fund rates on energy sector stock returns. The period of analysis is from 1999-2023 within which there are four distinct periods where fed fund rates are rising. I expect positive returns to energy sector stocks in periods where the rate rise is simply due to economic growth. I expect negative returns when the rates are rising due to a policy of aggressive monetary tightening by the fed. I use the top 20 stocks by market cap in the S&P 500 energy sector to carry out my study.

Publication Date

4-17-2024

Project Designation

Independent Research

Primary Advisor

Robert D. Dean, Jon A. Fulkerson, Henry G. Willmore

Primary Advisor's Department

Economics and Finance

Keywords

Stander Symposium, School of Business Administration

Institutional Learning Goals

Scholarship

Energy Sector Stock Returns During Periods of Rising Fed Fund Rates: An Empirical Analysis 1999-2023

Share

COinS