Question
The Federal Open Market Committee (FOMC) met on January 31- February 1, 2017. What was the immediate effect of the announcement on the following economic
The Federal Open Market Committee (FOMC) met on January 31- February 1, 2017.
What was the immediate effect of the announcement on the following
economic indicators and your opinion on why this effect happened:
i. Dow Jones Industrial Average
ii. Interest Rates:
1.) 3-month Treasury Bill Yield
2.) 10-year Treasury Note Yield
*I have found -0.5 % change in DJIA, a change from 2.45% to 2.48% in 10 year note yield, and 0.52% to 0.5% change in 3 month treasury bill yield. I am not sure I have found the correct numbers, if not do you happen to know where to find them? also what do these numbers mean?? or why would there be in increase or decrease in these certain areas?
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