You will write a report on the current trends in short run and future projections of the long run interest rates. Your report should have three sections: Section I: Short run interest trends $1.$ A paragraph explaining why the Fed raised interested rates in $2022-23$ and why was inflation hard to bring down $($this is discussed in the reading published on Oct $22$nd provided on Blackboard$).$ Then explain why the Fed has finally cut interest rates in $2024$ and what else does it plan to do in the near future? $($Look up a Wall Street Journal article that discusses this and cite it$)2.$ A graph and a paragraph explaining why$/$how interest rates are changing in the short run $($explicitly mention which framework$/$theory are you using to discuss these changes$).$ You must carefully explain how the tight monetary policy affected the following: a$)$ excess reserves of banks and the money supply b$)$ investment c$)$ aggregate demand d$)$ GDP & Unemployment e$)$ Prices $3.2$ graphs of time series data created by you using the FRED website to corroborate your theoretical explanations.