The Federal Open Market Committee (FOMC)
Paper details:
The Federal Open Market Committee (FOMC) meets on January 26-27 and March 15-16 this spring. For each of these meetings the student submits the following information typed (Double spaced, Times New Roman, Justified alignment) in one page or less (2 pages total for both assignments):

1. Summarize the action(s), if any, taken by the FOMC. (i.e. investment purchasing, monitoring of the federal funds rate, etc.) – paragraph 1
2. Explain in your analysis:
a. What was the FOMC’s rationale for taking these actions? – paragraph 2
b. What was the immediate effect of the announcement on the following economic indicators and your opinion on why this effect happened: – paragraph 3
i. Dow Jones Industrial Average
ii. Interest Rates
1. 3-month Treasury Bill Yield
2. 10-year Treasury Note Yield
Important notes: Each assignment needs a paper copy brought to class (much preferred if possible) or an electronic copy needs to be emailed by 5:00 on the date given. The DJIA average and the treasury securities rates should be their previous day’s closing and the closing average and rates on the day of the FOMC announcement.