Details:Research the current value of the following economic indicators:1. GDP2.

Details:Research the current value of the following economic indicators:1. GDP2. CPI3. Nonfarm payroll employment4. Industrial production/capacity utilization5. Advance report on durable goods shipments new orders and unfilled orders6. Housing Starts7. Retail sales8. S&P 500 Stock IndexBased on your research write a paper of 500-700 words that addresses the following:1. Analyze the current macroeconomic situation.2. Discuss expectations of chnages in economic financial and international conditions in the near future.Identify any economic issues of special concern.4. Recommend whether the FOMC should riase lower or keep short-term interest rate the same.The economic data required for this assignment can be found on the Federal Reserve Bank of New York websitePrepare this assignment according to the APA guidelines found in the APA Style Guide located in the Student Success Center. An abstract is not required