For this assignment, visit the "Economic Data FRED" section of the Federal Reserve Bank of St. Louis Web site. In the Economic Research area, select Categories. Scroll down and select Interest Rate, and then Treasury Bills. From the subsequent list, explore all the links associated with the 3-month Treasury Bill series (secondary market rate).

Based on your findings in this Web search, create a short paper that describes how this rate has changed in recent months. Using information in the Madura textbook readings for this week, explain why the interest rate changed as it did.

Describes how Federal Reserve Bank interest rate has changed in recent months.

Explains why interest rate changed in the market.

Identifies the most relevant factors that affect interest rate movements.

Explains how Federal Reserve system affects economic conditions.