Research the current value of the following economic indicators:
- Nonfarm payroll employment
- Industrial production/capacity utilization
- Advance report on durable goods shipments, new orders, and unfilled orders
- Housing starts
- Retail sales
- S&P 500 Stock Index
Based on your research, write a paper of 500-750 words that addresses the following:
- Analyze the current macroeconomic situation.
- Discuss expectations of changes in economic, financial, and international conditions in the near future.
- Identify any economic issues of special concern.
- Recommend whether the FOMC should raise, lower, or keep short-term interest rates the same.
The economic data required for this assignment can be found on the Federal Reserve Bank of New York website (http://www.newyorkfed.org/index.html).
Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.