Read the last set of minutes from the FOMC meeting and choose the "PDF" or "HTML" link in the "Statement" column for the latest date). Make sure you are looking at the current year; if not you can select the correct year from the links just above the table in the above link. Also, to put the report in context with the recent level of the Federal Funds Rate, go to the St. Louis Fed FRED site and look at the last ten years of the target Federal Funds Rate (FFR). Recall that the FFR influences all other interest rates in the economy; if the FFR increases then other interest rates will also increase.

There are two things you should discuss. First, what actions does the Federal Reserve say that they are taking with respect to the FFR? Why is the Fed taking those actions? In other words, are their stated goals accomplished with the actions they've taken, given the models from the text? Second, if the Federal Reserve takes the actions mentioned (or, if it says it will keep the FFR unchanged for now but with an outlook to take some changes in the future, use those future changes), what effect will that have on Scentsy, the wax burning company? What actions will that firm have to make (or may choose to make) that it wouldn't if the Federal Reserve kept the FFR constant?