yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2019-05-01] Staff Review of the Financial Situation Investor sentiment continued to improve over the intermeeting period. Broad equity price indexes rose notably and corporate bond spreads narrowed amid a decline
[2019-05-01] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2019-05-01] Antulio N. Bomfim, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2019-05-01] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, James Bullard, Richard H. Clarida, Charles L. Evans, Esther L. George, Randal K. Quarles, and Eric Roseng
[2019-05-01] Penelope A. Beattie,5 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2019-05-01] John Robertson, Research Economist and Senior Advisor, Federal Reserve Bank of Atlanta
[2019-05-01] Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors; Trevor A. Reeve, Deputy Director, Division of Monetary Affairs, Board of Governors
[2019-05-01] Jeffrey D. Walker,2 Deputy Associate Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors
[2019-05-01] Conditions in short-term funding markets remained stable during the intermeeting period. The EFFR rose to 5 basis points above the IOER rate after the federal income tax deadline on April 15. While a
[2019-05-01] Financing conditions in the residential mortgage market also remained supportive over the intermeeting period. Home mortgage rates decreased about 5 basis points, to levels comparable with 2017. Consi
[2019-05-01] Selection of Committee Officer By unanimous vote, the Committee selected Anna Paulson to serve as Associate Economist, effective April 30, 2019, until the selection of her successor at the first regul
[2019-05-01] Mary Amiti and William E. Riordan,2 Assistant Vice Presidents, Federal Reserve Banks of New York and New York, respectively
[2019-05-17] The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2020:
[2019-05-22] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2019-05-22] Minutes of the Federal Open Market Committee April 30-May 1, 2019: HTML | PDF
[2019-05-22] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 30-May 1, 2019.
[2019-05-22] 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
[2019-05-23] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2019-05-23] Early Withdrawal The penalty for obtaining a return of funds prior to the maturity date includes the forfeiture of all interest on the term deposit plus an additional fee of 0.75000 percent at an annu
[2019-05-23] On May 30, 2019, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its TDF. The Federal Reserve will offer seven-day term deposits wit
[2019-05-23] Notification Participants will be able to view their awards by accessing the Term Deposit Facility application.
[2019-05-23] See the TDF Resource Center for additional details regarding this feature and the terms and conditions for early withdrawal (https://www.frbservices.org/central-bank/reserves-central/term-deposit-faci
[2019-05-23] Summary operation results will be published on the Board of Governors' website (http://www.federalreserve.gov/monetarypolicy/tdf.htm) at approximately 3:30 p.m. EDT on the notification date.
[2019-05-23] Additional information, including the steps that institutions must complete to be eligible to participate in term deposit operations are available at https://www.frbservices.org/central-bank/reserves-
[2019-05-23] The operation will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility (https://www.frbservices.org/central-bank/reserves-central/te
[2019-05-23] Submission of Tender Participants must submit tenders by accessing the Term Deposit Facility application (https://www.frbservices.org/sign-in/term-deposit-facility.html) between the opening time and t
[2019-05-23] The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in May. These operations are aimed at ensuring the operational rea
[2019-05-28] The minutes are attached. For media inquiries, call 202-452-2955.
[2019-05-28] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on April 22 and May 1, 2019.
[2019-05-30] The awarded deposits will settle on May 30, 2019, and will mature on June 6, 2019. The operation effective rate will apply to all awarded deposits.
[2019-05-30] On May 30, 2019, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the
[2019-06-19] Heather A. Wiggins,4 Group Manager, Division of Monetary Affairs, Board of Governors
[2019-06-19] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2019-06-19] Maria Otoo, Principal Economist, Division of Research and Statistics, Board of Governors; Lubomir Petrasek, Marcelo Rezende, and Francisco Vazquez-Grande, Principal Economists, Division of Monetary Af
[2019-06-19] In their discussion of monetary policy decisions at this meeting, participants noted that, under their baseline outlook, the labor market was likely to remain strong with economic activity growing at
[2019-06-19] The staff viewed the uncertainty around its projections for real GDP growth, the unemployment rate, and inflation as generally similar to the average of the past 20 years, although uncertainty was see
[2019-06-19] Developments in Financial Markets and Open Market Operations The manager pro tem discussed developments in global financial markets over the intermeeting period. Trade-related developments reportedly
[2019-06-19] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy
[2019-06-19] Net exports added substantially to real GDP growth in the first quarter, as exports increased robustly and imports fell. After widening in March, the nominal trade deficit narrowed in April; even thou
[2019-06-19] Total real government purchases appeared to be rising solidly in the second quarter. Federal government purchases were being boosted by strong increases in defense spending through May and the return
[2019-06-19] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2019-06-19] Nicolas Petrosky-Nadeau, Senior Research Advisor, Federal Reserve Bank of San Francisco
[2019-06-19] Joshua Gallin, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2019-06-19] In the commercial real estate (CRE) sector, financing conditions continued to be generally accommodative. Commercial mortgage-backed securities (CMBS) spreads widened slightly over the intermeeting pe
[2019-06-19] Jane E. Ihrig and Don H. Kim, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board of Governors
[2019-06-19] 3. In the absence of the manager, the Committee's Rules of Organization provide that the deputy manager acts as manager pro tem. Return to text
[2019-06-19] Conditions in short-term funding markets remained stable over the intermeeting period. Overnight interest rates in short-term funding markets declined in response to the technical adjustment that redu
[2019-06-19] Committee Policy Action In their discussion of monetary policy for the period ahead, members noted the significant increase in risks and uncertainties attending the economic outlook. There were signs
[2019-06-19] Participants' Views on Current Conditions and the Economic Outlook Participants judged that uncertainties and downside risks surrounding the economic outlook had increased significantly over recent we
[2019-06-19] Many participants commented on issues associated with the availability of such a facility to firms in different states of financial condition. Several thought there should not be a guarantee of access
[2019-06-19] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Charles L. Evans; Esther L. George; Randal K. Q
[2019-06-19] Jennifer J. Burns, Deputy Director, Division of Supervision and Regulation, Board of Governors; Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors; Trevor A. Reeve,
[2019-06-19] Donielle A. Winford, Information Management Analyst, Division of Monetary Affairs, Board of Governors
[2019-06-19] The manager pro tem turned next to a review of money market developments and Open Market Desk operations. Money market rates generally stabilized at modestly lower levels over the intermeeting period,
[2019-06-19] The staff's forecast for inflation was little changed on balance. The forecast for total PCE price inflation this year was revised down somewhat, reflecting a lower near-term projection for energy pri
[2019-06-19] Growth in real consumer expenditures appeared to pick up to a solid rate in the second quarter from its weak first-quarter pace. The components of the nominal retail sales data used by the Bureau of E
[2019-06-19] Members agreed that in determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee would assess realized and expected economic conditions relati
[2019-06-19] Regarding open market operations over the period, given the substantial decline in mortgage rates over recent months and an associated increase in refinancing activity, principal payments on the Feder
[2019-06-19] Some participants suggested that although they now judged that the appropriate path of the federal funds rate would follow a flatter trajectory than they had previously assumed, there was not yet a st
[2019-06-19] Staff Economic Outlook The projection for U.S. economic activity prepared by the staff for the June FOMC meeting was revised down somewhat on balance. Real GDP growth was forecast to slow to a moderat
[2019-06-19] In their discussion of key objectives for establishing a repo facility, some participants raised questions about whether such a facility is needed in an ample-reserves framework, noting that the curre
[2019-06-19] Minutes of the Federal Open Market Committee June 18-19, 2019 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the F
[2019-06-19] Brian M. Doyle, Wendy E. Dunn,2 Joseph W. Gruber, Ellen E. Meade, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2019-06-19] Edward S. Knotek II, Paolo A. Pesenti, Mark L.J. Wright, and Nathaniel Wuerffel,4 Senior Vice Presidents, Federal Reserve Banks of Cleveland, New York, Minneapolis, and New York, respectively
[2019-06-19] In their discussion of financial developments, participants observed that the increase in uncertainty surrounding the global outlook had affected risk sentiment in financial markets. While overall fin
[2019-06-19] Marnie Gillis DeBoer and Min Wei, Associate Directors, Division of Monetary Affairs, Board of Governors
[2019-06-19] Gara Afonso4 and Scott Sherman,4 Assistant Vice Presidents, Federal Reserve Bank of New York
[2019-06-19] Total consumer prices, as measured by the PCE price index, increased 1.5 percent over the 12 months ending in April. This increase was slower than a year earlier, as core PCE price inflation (which ex
[2019-06-19] Jim Dolmas, Senior Research Economist, Federal Reserve Bank of Dallas
[2019-06-19] In considering the eligible set of counterparties for a repo facility, a number of participants noted that making the facility available only to primary dealers would likely imply that the effects of
[2019-06-19] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to leave the interest rates on required and excess res
[2019-06-19] By unanimous vote, the Committee ratified the Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's account during the
[2019-06-19] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Acc
[2019-06-19] Matthew Malloy,4 Section Chief, Division of Monetary Affairs, Board of Governors
[2019-06-19] Treasury yields fell sharply and far-forward measures of inflation compensation dropped significantly in the United States and abroad. Against this backdrop, market participants reportedly viewed comm
[2019-06-19] Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been soli
[2019-06-19] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, Richard H. Clarida, Charles L. Evans, Esther L. George, Randal K. Quarles, and Eric Rosengren.
[2019-06-19] Longer-term Treasury yields fell considerably over the period, with the declines driven primarily by negative headlines about trade tensions between the United States and two major trading partners, C
[2019-06-19] In their discussion of the household sector, participants noted that available data on consumer spending had been solid, supported by a strong labor market and rising incomes. Several participants als
[2019-06-19] Staff Review of the Economic Situation The information available for the June 18–19 meeting indicated that labor market conditions remained strong. Real gross domestic product (GDP) appeared to be ris
[2019-06-19] 4. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2019-06-19] The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency mortgage-backed securities transactions.
[2019-06-19] PRESENT: Jerome H. Powell, Chair John C. Williams, Vice Chair Michelle W. Bowman Lael Brainard James Bullard Richard H. Clarida Charles L. Evans Esther L. George Randal K. Quarles Eric Rosengren
[2019-06-19] Shaghil Ahmed, Senior Associate Director, Division of International Finance, Board of Governors
[2019-06-19] In their discussion of the labor market, participants cited evidence that conditions remained strong, including the very low unemployment rate and the fact that job gains had been solid, on average, i
[2019-06-19] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2019-06-19] Financing conditions in the residential mortgage market also remained supportive over the intermeeting period. Home mortgage rates decreased about 40 basis points. Since last November, mortgage rates
[2019-06-19] Standing Repurchase Facility The staff briefed the Committee on the possible role of a standing fixed-rate repurchase agreement (repo) facility as part of the monetary policy implementation framework;
[2019-06-19] Mark A. Carlson,4 Senior Economic Project Manager, Division of Monetary Affairs, Board of Governors
[2019-06-19] Staff Review of the Financial Situation Investors' concerns about downside risks to the economic outlook weighed on financial markets over the intermeeting period. Market participants cited negative n
[2019-06-19] FOMC communications following the May meeting had little net effect on yields, though they rose modestly following the Chair's press conference. Later in the period, the expected path of policy moved
[2019-06-19] The broad dollar index rose a bit over the intermeeting period. The Japanese yen and Swiss franc, which are viewed as safe-haven currencies, appreciated against the dollar. The British pound depreciat
[2019-06-19] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum emp
[2019-06-19] Penelope A. Beattie,2 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2019-06-19] Jon Faust, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2019-06-19] Notation Vote By notation vote completed on May 21, 2019, the Committee unanimously approved the minutes of the Committee meeting held on April 30–May 1, 2019.
[2019-06-19] Real residential investment in the second quarter looked to be continuing the decline seen earlier in the year, albeit at a slower rate. Starts of new single-family homes rose in April but fell back i
[2019-06-19] Major U.S. equity price indexes declined, on net, over the intermeeting period. Equity prices fell notably over the first few weeks of the period, primarily in response to the escalation of trade tens
[2019-06-19] Real nonresidential private fixed investment appeared soft in the second quarter. Real private expenditures for business equipment and intellectual property looked to be roughly flat, as nominal shipm
[2019-06-19] Roc Armenter, Patrick Dwyer,4 George A. Kahn, Giovanni Olivei, Rania Perry,4 Benedict Wensley,4 and Patricia Zobel, Vice Presidents, Federal Reserve Banks of Philadelphia, New York, Kansas City, Bosto
[2019-06-19] With regard to the postmeeting statement, members agreed to several adjustments in the description of the economic situation, including a revision in the description of market-based measures of inflat
[2019-06-19] Financing conditions in consumer credit markets were little changed in recent months and remained generally supportive of household spending, although the supply of credit to consumers with subprime c
[2019-06-19] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2019-06-19] Andre Anderson, First Vice President, Federal Reserve Bank of Atlanta
[2019-06-19] A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, June 18
[2019-06-19] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2019-06-19] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the feder
[2019-06-19] Mr. Bullard dissented because he believed that the current stance of monetary policy could be better positioned to foster progress toward the Committee's statutory objectives of maximum employment and
[2019-06-19] Participants commented on a number of issues in connection with key design parameters for a repo facility. In terms of the setting of the facility's fixed rate, many participants acknowledged a tradeo
[2019-06-19] Participants noted that readings on overall inflation and inflation for items other than food and energy had come in lower than expected over recent months. In light of recent softer inflation reading
[2019-06-19] Total nonfarm payroll employment expanded solidly, on average, in April and May; however, job gains slowed sharply in May after a strong increase in April. The unemployment rate declined to 3.6 percen
[2019-06-19] Participants discussed at some length the softness in various indicators of business fixed investment in the second quarter. Incoming data on shipments and orders of new capital goods looked weak and
[2019-06-19] Industrial production moved down in April and picked up in May, leaving output about flat over those two months, but production was lower than at the beginning of the year. Manufacturing output declin
[2019-06-19] Sean Savage, Senior Project Manager, Division of Monetary Affairs, Board of Governors
[2019-06-19] 5. In conjunction with this FOMC meeting, members of the Board of Governors and Federal Reserve Bank presidents submitted their projections of the most likely outcomes for real GDP growth, the unemplo
[2019-06-19] A number of participants noted that the policy objectives for a fixed-rate standing repo facility would have implications for the appropriate design for the facility. Several participants recognized t
[2019-06-19] Christopher J. Gust,4 Deputy Associate Director, Division of Monetary Affairs, Board of Governors; Matteo Iacoviello and Paul R. Wood,2 Deputy Associate Directors, Division of International Finance, B
[2019-06-19] Financing conditions for nonfinancial businesses continued to be accommodative overall. Gross issuance of corporate bonds was strong in May following a spell of seasonal weakness in April. The credit
[2019-06-19] Burcu Duygan-Bump, Andrew Figura, Glenn Follette, Patrick E. McCabe, and Paul A. Smith, Assistant Directors, Division of Research and Statistics, Board of Governors; Laura Lipscomb,4 Zeynep Senyuz,4 a
[2019-06-19] Patrick Harker, Robert S. Kaplan, Neel Kashkari, Loretta J. Mester, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2019-06-19] David Altig and Kartik B. Athreya, Executive Vice Presidents, Federal Reserve Banks of Atlanta and Richmond, respectively
[2019-06-19] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2019-06-19] In the euro area, far-forward measures of inflation compensation fell noticeably, and market participants reportedly increasingly came to believe that further monetary policy accommodation would be ne
[2019-06-19] With regard to the outlook for monetary policy beyond this meeting, nearly all participants had revised down their assessment of the appropriate path for the federal funds rate over the projection per
[2019-06-19] The Committee directs the Desk to continue rolling over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that
[2019-06-19] Rochelle M. Edge, Eric M. Engen, Anna Paulson, Christopher J. Waller, William Wascher, and Beth Anne Wilson,2 Associate Economists
[2019-06-19] "Effective June 20, 2019, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 2-1/4 to 2-1/2 per
[2019-06-19] Escalation of trade tensions and soft economic data also weighed on foreign financial markets. Most major global equity price indexes declined, on net, and EME sovereign spreads widened modestly. In t
[2019-06-19] Growth in the foreign economies remained subdued in the first quarter, as soft growth in the Canadian economy and weakness in several emerging market economies (EMEs) offset somewhat stronger growth i
[2019-06-19] Participants generally agreed that downside risks to the outlook for economic activity had risen materially since their May meeting, particularly those associated with ongoing trade negotiations and s
[2019-06-19] Matthew J. Eichner,4 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Andreas Lehnert, Director, Division of Financial Stability, Board of Governors
[2019-06-19] In their discussion of indicators of inflation expectations, participants generally observed that market-based measures of inflation compensation had declined and were at low levels. Some participants
[2019-06-19] Update from Subcommittee on Communications Governor Clarida provided a brief update on the work of the subcommittee on communications. The Fed Listens conferences conducted to date were viewed as succ