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Summarize the action taken by the FOMC during the November meeting and compare it with the Sept. meeting. Explain in your analysis why the FOMC
Summarize the action taken by the FOMC during the November meeting and compare it with the Sept. meeting.
- Explain in your analysis why the FOMC took this action.
- Why it took this action
- Discuss what effect the FOMCs actions or lack of actions had on the following:
- Stock market (DJIA) immediately after the announcement on Thursday the 5th at 1:00 central time no change
- The closing price on the DJIA the day before and the day of the announcement
- Closing interest rates (use the 3 month Treasury bill and the 10 year Treasury note) on the day before and the day of the announcement (the preferred source of Treasury rates is the "Daily Treasury Yield Curve Rates" site.)
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