When forecasting interest rates and the direction of monetary policy, economists often examine the

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When forecasting interest rates and the direction of monetary policy, economists often examine the Federal Open Market Committee (FOMC) directive. The FOMC is the branch of the Federal Reserve System that is responsible for policy decisions related to open market operations, which can affect interest rates. Therefore, examining the FOMC's directives can provide insight into the expected direction of monetary policy and interest rates. The other options listed (FDIC Report, Economic Report of the President, Federal Advisory Council Statement) do not have as direct a relationship to interest rates and monetary policy.

When Forecasting Interest Rates and the Direction of Monetary Policy