Financial Markets and Institutions (2-downloads)

1. Go to 

www.federalreserve.gov/releases/h15/

update/

. What is the current federal funds rate

(define this rate as well)? What is the current Federal

Reserve discount rate (define this rate as well)? Have

short-term rates increased or declined since the end

of 2005?

2. The Federal Open Market Committee (FOMC) meets

about every six weeks to assess the state of the economy

and to decide what actions the central bank should take.

The minutes of this meeting are released three weeks

after the meeting; however, a brief press release is made

available immediately. Find the schedule of minutes and

press releases at