Action Taken by the FOMC

FI 301 FOMC Projects Fall 2017
The Federal Open Market Committee (FOMC) meets on September 19-20 and October 31-Nov 1 this fall. 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 either needs a paper copy to be brought to class or placed under my door at the office. No emails. Do not plagiarize another student's paper or the FOMC statement or I will report you to judicial affairs. The DJIA average and the treasury securities should be the previous day's closing price/rate and the closing price/rate on the day of the FOMC announcement. (i.e. the announcement is usually at 1 p.m. CST on the second day of the meeting).