Project Summary: As a team, we wanted to analyze Inflation and related variables to better understand inflation.
Our tasks were to:
-Evaluate the impact of inflation on unemployment rates,
-Analyze fed funds rates in relation to GDP in the US.
-Analyze the last 20 years to capture the economic downturn of 2008 due to the housing market crash as well as more specifically the last 24 months to analyze the impact of the pandemic.
Links To Repository and Powerpoint Presentation
Repository Link https://github.com/PhilipSJLin/Group-Project-1
Powerpoint Google Sheets Link https://docs.google.com/presentation/d/1rFRXyHEoDGeSDQ36eKq1BJsqsuLDgUItYZ9vga9daKc/edit?usp=sharing
How To Run Guide
Packages Imported
Install Fred API library !pip install fredapi
Import Fred API from fredapi.version import version as version from fredapi.fred import Fred
Import the Fred and BLS API key from api_keys import fred_api_key, BLS_key
Install pandas-datareader library !pip install pandas-datareader
Install yfinance library !pip install yfinance
Notebooks, CSVs
Run For Graphs On Slides 9, 12-15, 20 "FRED FFR GDP UNRATE CPI Combined.ipynb"
Run For Graph On Slides 17 "FRED FFR CPI 24 Month Scatter.ipynb"
Run For Graph On Slide 18-19 "BLS CPI UNRATE 24 Month Scatter.ipynb" using "CPI.csv" and "unemployment.csv"
List of Data Sources Consulted
BLS API (Inflation/CPI, Unemployment)
BLS CSV (Inflation/CPI, Unemployment Data for last 24 months)
FRED API (Interest Rates, GDP, Inflation/CPI, Unemployment)
BEA, BLS, FRED Sites (Key Economic Definitions)
Acronymns
BLS: Bureau of Labor Statistics
FRED: Federal Reserve Economic Data
BEA: Bureau of Economic Analysis