yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2015-06-17] To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains a
[2015-06-17] Growth in real private expenditures for business equipment and intellectual property products appeared to remain relatively slow in the second quarter. Nominal shipments of nondefense capital goods ex
[2015-06-17] The staff also provided an update to the Committee on a review of the current system of primary dealers and the Desk's overall framework for establishing, maintaining, and publishing information on th
[2015-06-17] 2. Attended the joint session of the Federal Open Market Committee and the Board of Governors. Return to text
[2015-06-17] Randall A. Williams, Information Management Analyst, Division of Monetary Affairs, Board of Governors
[2015-06-17] The U.S. international trade deficit widened substantially in March but narrowed in April, leaving the deficit modestly wider than in February. After decreasing for four straight months, exports incre
[2015-06-17] In their discussion of labor market conditions, participants offered their views on recent developments and the progress that had occurred in reducing underutilization of labor resources. They general
[2015-06-17] Kartik B. Athreya, Evan F. Koenig, Susan McLaughlin,3 Samuel Schulhofer-Wohl, Ellis W. Tallman, Geoffrey Tootell, and Christopher J. Waller, Senior Vice Presidents, Federal Reserve Banks of Richmond,
[2015-06-17] During their discussion of economic conditions and monetary policy, participants commented on a number of considerations associated with the timing and pace of policy normalization. Most participants
[2015-06-17] Robert J. Tetlow, Adviser, Division of Monetary Affairs, Board of Governors
[2015-06-17] When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committe
[2015-06-17] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, July 28-29, 2015. The meeting adjourned at 10:40 a.m. on June 17, 2015.
[2015-06-17] Sovereign bond yields in foreign economies rose notably during the intermeeting period, especially in the advanced economies, led by a substantial increase in German bund yields. A number of factors m
[2015-06-17] "Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. In particular, the Committee
[2015-06-17] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2015-06-17] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will e
[2015-06-17] The vote encompassed approval of the statement below to be released at 2:00 p.m.:
[2015-06-17] Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Governors
[2015-06-17] Benjamin K. Johannsen, Marcel A. Priebsch, and Francisco Vazquez-Grande,3 Economists, Division of Monetary Affairs, Board of Governors
[2015-06-17] Mark A. Gould, First Vice President, Federal Reserve Bank of San Francisco
[2015-06-17] Christopher J. Erceg and Beth Anne Wilson, Senior Associate Directors, Division of International Finance, Board of Governors; David E. Lebow and Michael G. Palumbo, Senior Associate Directors, Divisio
[2015-06-17] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Jeffrey M. Lacker, Dennis P. Lockhart, Jerome H. Powell, Daniel K. Tarullo, and John C. Wi
[2015-06-17] Staff Review of the Financial Situation Over the intermeeting period, longer-term Treasury yields increased notably amid heightened volatility, apparently boosted by a rise in yields on core euro-area
[2015-06-17] Activity in the housing sector improved somewhat in recent months but continued to be slow. Starts and building permits of both new single-family homes and multifamily units increased, on balance, in
[2015-06-17] Roc Armenter, Deborah L. Leonard, Anna Paulson, Douglas Tillett, and Jonathan L. Willis, Vice Presidents, Federal Reserve Banks of Philadelphia, New York, Chicago, Chicago, and Kansas City, respective
[2015-06-17] Inflation had continued to run below the Committee's 2 percent objective. Most members agreed that the recent stability in crude oil prices had increased their confidence that the downward pressure on
[2015-06-17] Robert deV. Frierson,2 Secretary of the Board, Office of the Secretary, Board of Governors
[2015-06-17] Notation Votes By notation vote completed on May 19, 2015, the Committee unanimously approved the minutes of the Committee meeting held on April 28-29, 2015.
[2015-06-17] Over the intermeeting period, most broad U.S. equity price indexes moved down a bit, on net, amid mixed macroeconomic news and little information on earnings. Option-implied volatility on the S&P 500
[2015-06-17] The Committee also maintained its policy of reinvesting principal payments from agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Trea
[2015-06-17] Developments in Financial Markets and the Federal Reserve's Balance Sheet In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the m
[2015-06-17] By unanimous vote, the Committee ratified the Open Market Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's accoun
[2015-06-17] By notation vote completed on June 3, 2015, the Committee unanimously approved the selection of Brian F. Madigan to serve as secretary, effective June 4, 2015, until the selection of a successor at th
[2015-06-17] In their discussion of financial market developments over the intermeeting period, several participants commented on the rise in the 10-year Treasury yield, which accompanied a steeper run-up in the 1
[2015-06-17] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, June 16, 2015, at 1:00 p.m. and continue
[2015-06-17] The manager updated the Committee on tentative plans to improve the calculation of the effective federal funds rate published by the Federal Reserve Bank of New York. The effective federal funds rate,
[2015-06-17] James Bullard, Esther L. George, Loretta J. Mester, and Eric Rosengren, Alternate Members of the Federal Open Market Committee
[2015-06-17] Jane E. Ihrig, Deputy Associate Director, Division of Monetary Affairs, Board of Governors
[2015-06-17] Results from the June Survey of Primary Dealers and the June Survey of Market Participants indicated little change since the April survey in modal forecasts of the federal funds rate through 2018. Res
[2015-06-17] Andreas Lehnert, Deputy Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-06-17] The ongoing rise in labor demand appeared to have begun to result in a firming of wage increases. Recent readings on the employment cost index, hourly compensation, and average hourly earnings of empl
[2015-06-17] The Committee concluded that, although it had seen some progress, the conditions warranting an increase in the target range for the federal funds rate had not yet been met, and that additional informa
[2015-06-17] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2015-06-17] Total nonfarm payroll employment expanded at a faster pace in April and May than in the first quarter. The unemployment rate was 5.5 percent in May, about the same as its first-quarter average. The la
[2015-06-17] 4. On February 2, 2015, in addition to announcing preliminary plans to improve the calculation of the effective federal funds rate, the Federal Reserve Bank of New York indicated that it planned to be
[2015-06-17] Minutes of the Federal Open Market Committee June 16-17, 2015 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washingt
[2015-06-17] Katie Ross,2 Manager, Office of the Secretary, Board of Governors
[2015-06-17] David Altig, Eric M. Engen,1 Michael P. Leahy, Jonathan P. McCarthy, William R. Nelson, Glenn D. Rudebusch, and William Wascher, Associate Economists
[2015-06-17] Committee Policy Action In its discussion of monetary policy for the period ahead, the Committee agreed that the weakness in the first quarter was at least in part the result of transitory factors, an
[2015-06-17] While participants generally saw the risks to their projections of economic activity and the labor market as balanced, they gave a number of reasons to be cautious in assessing the outlook. Some point
[2015-06-17] The Board meeting concluded at the end of the discussion of developments in financial markets and the Federal Reserve's balance sheet.
[2015-06-17] Ellen E. Meade and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2015-06-17] Staff Economic Outlook In the economic forecast prepared by the staff for the June FOMC meeting, real GDP growth in the second half of this year was expected to step up from its pace in the first half
[2015-06-17] William B. English, Senior Special Adviser to the Board, Office of Board Members, Board of Governors
[2015-06-17] Glenn Follette and Paul A. Smith, Assistant Directors, Division of Research and Statistics, Board of Governors
[2015-06-17] Reports on manufacturing in a number of regions offered some signs that the sector was no longer weakening, with a couple of Districts' diffusion indexes turning up. Still, cutbacks in spending on dri
[2015-06-17] Economic growth in many foreign economies slowed in the first quarter. Real GDP contracted in Canada, where lower oil prices depressed investment, and in Brazil, where business and consumer confidence
[2015-06-17] Penelope A. Beattie,2 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2015-06-17] Financing conditions for large nonfinancial businesses continued to be accommodative. Gross corporate bond issuance remained quite strong, and institutional leveraged loan issuance picked up significa
[2015-06-17] Stephen Lin, Senior Economist, Division of International Finance, Board of Governors; Deborah J. Lindner, Senior Economist, Division of Research and Statistics, Board of Governors
[2015-06-17] James A. Clouse and Stephen A. Meyer, Deputy Directors, Division of Monetary Affairs, Board of Governors; Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors
[2015-06-17] In considering how to communicate the rationale for the Committee's policy decision, members discussed the importance of adjusting the language in the postmeeting statement to acknowledge the evolutio
[2015-06-17] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Jeffrey M. Lacker Dennis P. Lockhart Jerome H. Powell Daniel K. Tarullo John C. Williams
[2015-06-17] The nominal Treasury yield curve steepened appreciably, on net, with 2-, 5-, and 10-year yields ending the intermeeting period about 15 to 35 basis points higher. Most of the increase in nominal yield
[2015-06-17] The staff's forecast for inflation in the near term was little changed, and it was unrevised over the medium term. Energy prices and non-oil import prices were expected to begin steadily rising next y
[2015-06-17] The staff viewed the extent of uncertainty around its June projections for real GDP growth, the unemployment rate, and inflation as similar to the average over the past 20 years. The risks to the fore
[2015-06-17] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, members of the Board of Governors and Federal Reserve Bank presidents submitted their projecti
[2015-06-17] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Jeffrey M. Lacker; Dennis P. Lockhart; Jero
[2015-06-17] "Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter. The pace
[2015-06-17] Total U.S. consumer prices, as measured by the PCE price index, only edged up over the 12 months ending in April, held down primarily by earlier large declines in energy prices. Core PCE inflation, wh
[2015-06-17] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2015-06-17] Various measures typically used to assess liquidity in Treasury and mortgage-backed securities (MBS) markets were little changed over the intermeeting period; they have generally pointed to relatively
[2015-06-17] Participants also discussed plans for publishing operational details regarding the implementation of monetary policy around the time of the first increase in the target range. All participants support
[2015-06-17] At the time of the April meeting, the increase in consumer spending was estimated to have been unexpectedly weak in the first quarter following strong gains in the second half of 2014. The additional
[2015-06-17] Nominal federal spending data for April and May pointed toward a further decline in real federal government purchases in the second quarter. Real state and local government purchases appeared to be ri
[2015-06-17] Gretchen C. Weinbach,Associate Director, Division of Monetary Affairs, Board of Governors
[2015-06-17] A number of participants noted that housing starts and permits rose considerably in recent months, and indicators of sales activity turned more positive. Nonetheless, home construction was still below
[2015-06-17] Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis
[2015-06-17] Participants discussed how the incoming information regarding inflation influenced their expectations for reaching the FOMC's 2 percent inflation objective over the medium term. Total PCE inflation co
[2015-06-17] The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of ro
[2015-06-17] In discussing how to interpret the reported weakness in real GDP during the first quarter, participants considered alternative estimates of real economic activity based on various data-filtering model
[2015-06-17] Helen E. Holcomb and Blake Prichard, First Vice Presidents, Federal Reserve Banks of Dallas and Philadelphia, respectively
[2015-06-17] 5. The incoming president of the Federal Reserve Bank of Philadelphia assumed office after the June FOMC meeting, on July 1, and a new president of the Federal Reserve Bank of Dallas has yet to be sel
[2015-06-17] Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter. The pace o
[2015-06-17] In their discussion of the economic situation and the outlook, meeting participants viewed the information received over the intermeeting period as indicating that economic activity was expanding mode
[2015-06-17] On balance, the expected path of the federal funds rate implied by futures contracts steepened noticeably beyond 2015, with a portion of this shift coming after the May employment report. Some evidenc
[2015-06-17] The Committee agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent and to reaffirm in the statement that the Committee's decision about how long to maintain the current t
[2015-07-08] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.
[2015-07-08] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 16-17, 2015. A summary of economic projections made by
[2015-07-08] The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Re
[2015-07-08] Minutes of the Federal Open Market Committee June 16-17, 2015: HTML | PDF
[2015-07-14] The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on June 15, 2015.
[2015-07-24] Consistent with the procedures in the FOMC's Program for Security of FOMC Information, this matter has been referred to the Board's Inspector General.
[2015-07-24] The projections that were inadvertently released are staff projections that do not incorporate policymakers' views, including their views on monetary policy. Policymaker views were set forth in the mo
[2015-07-24] Approximately every three months, Federal Reserve Board staff update and publish on the Board's website a package of computer code of the Board staff's FRB/US model of the U.S. economy, including a se
[2015-07-24] Economic projections prepared by Federal Reserve Board staff as background for the June 16-17, 2015, meeting of the Federal Open Market Committee (FOMC) were inadvertently included in a computer file
[2015-07-29] After narrowing in April, the U.S. international trade deficit widened in May, as exports decreased more than imports. The decrease in exports largely reflected a fall in aircraft shipments. The decli
[2015-07-29] The Committee agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent and to reaffirm in the statement that the Committee's decision about how long to maintain the current t
[2015-07-29] Activity in the housing sector improved somewhat in recent months but remained slow. Starts of new single-family houses declined in June but rose for the quarter as a whole, and the level of permit is
[2015-07-29] Outstanding balances of auto and student loans continued to expand at a robust pace through May. Banks indicated in the July SLOOS that their lending standards for credit card loans had eased somewhat
[2015-07-29] Sovereign bond yields and monetary policy expectations in the United Kingdom changed little, on net, over the intermeeting period. By contrast, yields in Canada, New Zealand, Norway, and Sweden decrea
[2015-07-29] Long-Run Monetary Policy Implementation Framework At the conclusion of the meeting, the Chair noted that the staff would soon begin an extended effort to evaluate potential long-run monetary policy im
[2015-07-29] With respect to consumer spending, the incoming data had been uneven but participants cited reports from contacts suggesting a pickup since the first quarter. Participants generally expected consumer
[2015-07-29] Participants discussed how recent developments influenced their expectations for reaching the FOMC's 2 percent inflation objective over the medium term. Total PCE inflation continued to run below the
[2015-07-29] Participants also observed that activity in other sectors of the economy continued to be subdued. Business fixed investment remained soft even as the drag from the sharp contraction in drilling rigs o
[2015-07-29] Financing conditions for nonfinancial firms continued to be accommodative. Corporate bond issuance remained strong in the second quarter; issuance of institutional leveraged loans picked up noticeably
[2015-07-29] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in June indicated that economic activity had been expan
[2015-07-29] 4. Attended through the discussion on System Open Market Account reinvestment policy. Return to text
[2015-07-29] Real private expenditures for business equipment and intellectual property products appeared to rise at a modest rate in the second quarter. Nominal shipments of nondefense capital goods excluding air
[2015-07-29] Andreas Lehnert, Deputy Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-07-29] The staff's forecast for inflation was revised down, particularly in the near term, as the decline in crude oil prices over the intermeeting period was expected to result in lower consumer energy pric
[2015-07-29] Staff Review of the Financial Situation Financial conditions were affected by developments abroad over the intermeeting period but were little changed on balance. Federal Reserve communications and ec
[2015-07-29] David Altig, Thomas A. Connors, Michael P. Leahy, William R. Nelson, Daniel G. Sullivan, and William Wascher, Associate Economists
[2015-07-29] In their discussion, most participants expressed a preference that the timing of the cessation of reinvestments be based on a qualitative assessment of economic conditions and the outlook. Participant
[2015-07-29] Michael T. Kiley, Senior Adviser, Division of Research and Statistics, and Senior Associate Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-07-29] Nellie Liang, Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-07-29] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants viewed the information received over the intermee
[2015-07-29] Minutes of the Federal Open Market Committee July 28-29, 2015 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washingt
[2015-07-29] Todd E. Clark,2 Ayşegül Şahin, Mark Spiegel, and Stephen Williamson, Vice Presidents, Federal Reserve Banks of Cleveland, New York, San Francisco, and St. Louis, respectively
[2015-07-29] Participants viewed the recent data on housing starts and permits as well as the higher levels of sales and prices as indicative of continued recovery in the housing sector. The easing of lending stan
[2015-07-29] System Open Market Account Reinvestment Policy In the Policy Normalization Principles and Plans adopted at its September 16-17, 2014 meeting, the Committee indicated that it expects to cease or commen
[2015-07-29] 1. Attended the joint session of the Federal Open Market Committee and the Board of Governors. Return to text
[2015-07-29] Burcu Duygan-Bump, Adviser, Division of Monetary Affairs, Board of Governors
[2015-07-29] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accorda
[2015-07-29] The Board meeting concluded at the end of the discussion of financial markets, open market operations, and policy normalization issues.
[2015-07-29] Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate
[2015-07-29] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will e
[2015-07-29] In considering the Committee's criteria with respect to inflation for beginning policy normalization, most members viewed the incoming data as reinforcing their earlier assessment that, although infla
[2015-07-29] Katie Ross,1 Manager, Office of the Secretary, Board of Governors
[2015-07-29] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Jeffrey M. Lacker Dennis P. Lockhart Jerome H. Powell Daniel K. Tarullo John C. Williams
[2015-07-29] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2015-07-29] In assessing whether economic conditions had improved sufficiently to initiate a firming in the stance of monetary policy, the Committee noted that, on balance, a range of labor market indicators sugg