Last Wednesday we met and if you missed it we watched some general videos from the Richmond Fed.
Make sure to click on Fed Challenge workshop:
http://www.richmondfed.org/education/for_teachers/academic_competitions/college_fed_challenge/participants_resources/index.cfm
We also discussed the Institute of Supply Management's Purchasing Managers Index. The ISM is the first thing to come out at the beginning of each month and the fed watches this indicator very closely. They pay particularly close attention to the sections of the ISM which cover Prices, Employment and of course the overall PMI. If you have questions please let me know!
On Monday we will be going over the following:
1). What Initial Claims for Unemployment means and why the fed looks at it
2). In depth analysis of today's release of the Employment Situation (still 9.6% unemployment, we will discuss why this is NOT a surprise)
