Access the Minutes of the Federal Reserve meeting through the provided website link (https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm), which includes crucial documents such as the implementation note, press conference note, statement on longer-term goals, and strategy notes. Each group is tasked with meticulously reviewing these documents from the most recent Fed meeting and summarizing key takeaways in a report of at least three pages (single-spaced, 12-point font). I need this for auto sector

The report should commence with a concise overview of the major announcements made during the meeting. Subsequently, it should delve into the key expectations going forward, providing insights into how these expectations may shape monetary policy and economic conditions.

Furthermore, the report should analyze the impact of these announcements on the broader industry and individual companies within the group's portfolio. This analysis should be structured around two primary effects of monetary policy on industries and companies:

• Future Growth Rate Implications: Assess the Federal Reserve's stance on future GDP growth rates and link it to the growth prospects of the industry and specific companies under consideration. Utilize historical industry sales growth and GDP growth rates to draw informed conclusions regarding potential future trajectories.
  • Find the correlation between historic GDP growth and your companies annual sales growth. Make conclusions using this analysis. Put in charts of annual sales growth rates and US GDP growth rates.
• Discount Rate Changes: Explore how changes in interest rates, particularly the discount rate, may influence industry dynamics and company valuations.
  • Consider the relationship between interest rate movements and stock price changes around FOMC meeting days to provide empirical support for your analysis.

By thoroughly examining these facets, the report aims to elucidate the potential implications of Federal Reserve actions on industry and company performance, facilitating informed decision-making and strategic planning.

Note: Write your response in a report format. Avoid using a Q&A format. Support all your arguments using data. 

Using data to support your argument makes your research more credible. Use charts and figures to support your analysis. Provide sources wherever applicable.