The Federal Open Market Committee (FOMC) on September 21st and 22nd, 2021.

1. Summarize the action(s), if any, taken by the FOMC. (i.e. investment purchasing, monitoring of the federal funds rate, etc.) - paragraph 1
2. Explain in your analysis:
   • What was the FOMC's rationale for taking these actions? - paragraph 2
   • What was the immediate effect of the announcement on the following economic indicators?This is done by providing the closing prices of each of the three indicators on both days. Then give a sentence with your opinion on why this change happened: - paragraph 3
     • Dow Jones Industrial Average
     • Interest Rates
       • 3-month Treasury Bill Yield
       • 10-year Treasury Note Yield

FOMC statement issued:

https://www.federalreserve.gov/newsevents/pressreleases/monetary20210922a.htm

Implementation Note issued:

https://www.federalreserve.gov/newsevents/pressreleases/monetary20210922a1.htm

Closing prices I found online (may need to be double checked):

- Dow Jones Industrial Average

• Sept. 21st: 33,919.84
• Sept. 22nd: 34,258.32

- Interest Rates

• 3-month Treasury Bill Yield
  • Sept 21st: 0.025
  • Sept. 22nd: 0.030
• 10-year Treasury Note Yield
  • Sept. 21st: 0.046
  • Sept. 22nd: 0.045