The Federal Open Market Committee (FOMC) meets three times during the Spring semester. For the meetings on Jan. 26 & 27 and March 16 & 17 submit the following information on a maximum of two typed pages: 1. Summarize the action, if any, taken by the FOMC. 2. Explain in your analysis: a. What was the rationale of the FOMC for taking this action? b. What was the immediate effect of the announcement (scheduled for release at 1:00 Central Time on January 27th and March 17th) on the following: i. Dow Jones Industrial Average (report on how the DJIA reacted immediately before and after the announcement). ii. Record the DJIA close the day before and the day of the announcement. iii. Closing interest rates on the 3-month Treasury Bill and 10-year Treasury Note the rates day before and the day of the announcement and comment on the change in rates. The preferred source of these rates is the "Daily Treasury Yield Curve Rates" site. 1. 3-month Treasury Bill Yield (record the rate at the end of the previous day and the end of the day of the announcement). 2. 10-year Treasury Note Yield (record the rate at the end of the previous day and the end of the day of the announcement)