Abstract
This study investigates how the Federal Open Market Committee’s (FOMC) statements impact healthcare spending, mental health trends, and stock performance in healthcare and tech sectors By analyzing FOMC’s sentiment from 2018 to 2024, we found that higher sentiment correlates with increased depressive disorders (2019–2021) and tech stock returns, especially for the “Magnificent Seven” (like Apple and Amazon). Although healthcare stocks showed weaker ties to sentiment, Granger causality tests suggest some influence, hinting at ways to adjust stock strategies based on FOMC trends. These results highlight how central bank communication can shape both mental health dynamics and investment decisions in healthcare and technology.
| Original language | English (US) |
|---|---|
| Article number | 6 |
| Journal | Analytics |
| Volume | 4 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 2025 |
Bibliographical note
Publisher Copyright:© 2025 by the authors.
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Keywords
- Federal Open Market Committee (FOMC)
- correlation analysis
- healthcare expenditure
- mental health
- monetary policy
- sentiment analysis
- sentiment index
- transformers
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