yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2022-06-15] Broad equity price indexes fell sharply over the intermeeting period on net. The stock price declines were largely associated with mixed corporate earnings news early in the period and increasing conc
[2022-06-15] Staff Economic Outlook The projection for U.S. economic activity prepared by the staff for the June FOMC meeting implied a trajectory for real GDP that was lower than in the May projection. The staff
[2022-06-15] Kathleen O. Paese, First Vice President, Federal Reserve Bank of St. Louis
[2022-06-15] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2022-06-15] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2022-06-15] Members agreed that, in assessing the appropriate stance of monetary policy, they would continue to monitor the implications of incoming information for the economic outlook and that they would be pre
[2022-06-15] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Trevor A. Reeve, Econom
[2022-06-15] In their discussion of the household sector, participants indicated that consumption spending had remained robust, in part reflecting strong balance sheets in the household sector and a tight labor ma
[2022-06-15] Edward Nelson and Robert J. Tetlow,4 Senior Advisers, Division of Monetary Affairs, Board
[2022-06-15] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2022-06-15] 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 SOMA in accordance wit
[2022-06-15] "Effective June 16, 2022, the Federal Open Market Committee directs the Desk to:
[2022-06-15] Burcu Duygan-Bump, Jane E. Ihrig, Kurt F. Lewis, Nitish R. Sinha, and Paul R. Wood, Special Advisers to the Board, Division of Board Members, Board
[2022-06-15] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board; Sally Davies, Deputy Director, Division of International Finance, Board; Rochelle M. Edge, Deputy Director, Division of M
[2022-06-15] Employment growth, while moderating somewhat from its pace earlier in the year, had remained robust. Several participants observed that labor force participation remained below its pre-pandemic level
[2022-06-15] With regard to the economic outlook, participants noted that recent indicators suggested that real GDP growth was expanding in the current quarter, with consumption spending remaining strong. Particip
[2022-06-15] David Na, Senior Financial Institution and Policy Analyst, Division of Monetary Affairs, Board
[2022-06-15] Participants noted that the demand for labor continued to outstrip available supply across many parts of the economy. They observed that various indicators pointed to a very tight labor market. These
[2022-06-15] Production and spending indicators were mixed but generally remained strong. Consumer spending and industrial production posted sizable gains in April. However, retail sales declined in May, data on h
[2022-06-15] Commercial and industrial (C&I) and commercial real estate (CRE) loans on banks' balance sheets expanded at a rapid pace in April and May. Issuance of both agency and non-agency commercial mortgage-ba
[2022-06-15] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, July 26–27, 2022. The meeting adjourned at 10:45 a.m. on June 15, 2022.
[2022-06-15] In their discussion of risks, participants emphasized that they were highly attentive to inflation risks and were closely monitoring developments regarding both inflation and inflation expectations. M
[2022-06-15] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2022-06-15] The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The invasion and related events are creating additional upward pressure on inflation and are weighing on global eco
[2022-06-15] Residential mortgage credit remained widely available through May for most borrowers. While refinance volumes continued trending lower in April and May amid higher mortgage rates, outstanding balances
[2022-06-15] Achilles Sangster II, Senior Information Manager, Division of Monetary Affairs, Board
[2022-06-15] Shane M. Sherlund, Deputy Associate Director, Division of Research and Statistics, Board
[2022-06-15] Conditions in short-term funding markets remained stable over the intermeeting period, with the May increase in the Federal Reserve's administered rates passing through promptly to overnight money mar
[2022-06-15] In discussing potential policy actions at upcoming meetings, participants continued to anticipate that ongoing increases in the target range for the federal funds rate would be appropriate to achieve
[2022-06-15] James P. Bergin, Marc Giannoni, Giovanni Olivei, Paolo A. Pesenti, and Robert G. Valletta, Senior Vice Presidents, Federal Reserve Banks of New York, Dallas, Boston, New York, and San Francisco, respe
[2022-06-15] Borrowing costs had continued to increase in many sectors since the previous FOMC meeting. Yields on nonfinancial corporate bonds remained well above pre-pandemic levels, and new issuance spreads for
[2022-06-15] Jon Faust and Joshua Gallin, Senior Special Advisers to the Chair, Division of Board Members, Board
[2022-06-15] Alyssa Arute,2 Manager, Division of Reserve Bank Operations and Payment Systems, Board
[2022-06-15] Minutes of the Federal Open Market Committee June 14â15, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of
[2022-06-15] Attendance Jerome H. Powell, Chair John C. Williams, Vice Chair Michelle W. Bowman Lael Brainard James Bullard Lisa D. Cook Esther L. George Philip N. Jefferson Loretta J. Mester Christopher J. Waller
[2022-06-15] Marnie Gillis DeBoer3 and David López-Salido, Senior Associate Directors, Division of Monetary Affairs, Board; Diana Hancock and John J. Stevens, Senior Associate Directors, Division of Research and S
[2022-06-15] David Altig, Kartik B. Athreya, Michelle M. Neal, and Anna Paulson, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, New York, and Chicago, respectively
[2022-06-15] Total nonfarm payroll employment rose solidly in April and May, though the pace of increase was slower than in the first quarter, and the unemployment rate remained unchanged at 3.6 percent. The unemp
[2022-06-15] Since the previous FOMC meeting, 2-, 5-, and 10-year nominal Treasury yields increased considerably on net. Early in the intermeeting period, Treasury yields moved lower amid rising concerns about a w
[2022-06-15] Participants judged that strong aggregate demand, together with supply constraints that had been larger and longer lasting than expected, continued to contribute to price pressures across a broad arra
[2022-06-15] Participants noted that inflation remained much too high and observed that it continued to run well above the Committee's longer-run 2 percent objective, with total PCE prices having risen 6.3 percent
[2022-06-15] Kenneth C. Montgomery, Interim President of the Federal Reserve Bank of Boston
[2022-06-15] Participants remarked that developments associated with Russia's invasion of Ukraine, the COVID-related lockdowns in China, and other factors restraining supply conditions would affect the inflation o
[2022-06-15] Regarding money market developments, the manager noted that the 50 basis point increase in the target range at the May FOMC meeting passed through to the effective federal funds rate and was also tran
[2022-06-15] In their assessment of the monetary policy stance necessary for achieving the Committee's maximum-employment and price-stability goals, the Committee decided to raise the target range for the federal
[2022-06-15] Christopher J. Gust, Associate Director, Division of Monetary Affairs, Board
[2022-06-15] Members judged that, with high and widespread inflation pressures and some measures of longer-term inflation expectations moving up somewhat, it would be appropriate for the postmeeting statement to n
[2022-06-15] President George dissented because she judged that a large increase in the target range for the federal funds rate would add to uncertainty about policy concurrent with the beginning of balance sheet
[2022-06-15] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Lisa D. Cook; Patrick Harker; Philip N. Jefferson; L
[2022-06-15] On other operational matters, the deputy manager noted that, over the intermeeting period, the Desk onboarded three depository institutions as new counterparties for the standing repo facility (SRF),
[2022-06-15] Regarding trade, real imports of goods stepped back in April from their exceptional strength in March, driven by a decline in consumer goods imports. By contrast, real goods exports grew in both March
[2022-06-15] In domestic credit markets, financing conditions for most businesses and households remained generally accommodative over the intermeeting period. Credit remained widely available, particularly to hig
[2022-06-15] Despite the historically low volumes of defaults on both corporate bonds and leveraged loans in April, in the later weeks of the intermeeting period the volume of credit rating downgrades of leveraged
[2022-06-15] The staff continued to judge that the risks to the baseline projection for real activity were skewed to the downside and that the risks to the inflation projection were skewed to the upside. The staff
[2022-06-15] Meredith Black, Charles L. Evans, Patrick Harker, Naureen Hassan, and Neel Kashkari, Alternate Members of the Committee
[2022-06-15] With regard to PCE price inflation, the staff revised up its projection for the second half of 2022 in response to stronger-than-expected wage growth and the staff's assessment that the boost to infla
[2022-06-15] The manager turned next to a discussion of developments related to foreign central banks. Most major foreign central banks were proceeding on a path of removing policy accommodation in order to addres
[2022-06-15] While labor markets were anticipated to remain tight in the near term, participants expected labor demand and supply to come into better balance over time, helping to ease upward pressure on wages and
[2022-06-15] 5. In taking this action, the Board approved a request to establish that rate submitted by the Board of Directors of the Federal Reserve Bank of Minneapolis. This vote also encompassed approval by the
[2022-06-15] 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
[2022-06-15] In their consideration of the appropriate stance of monetary policy, participants concurred that the labor market was very tight, inflation was well above the Committee's 2 percent inflation objective
[2022-06-15] At the current juncture, with inflation remaining well above the Committee's objective, participants remarked that moving to a restrictive stance of policy was required to meet the Committee's legisla
[2022-06-15] Participants observed that some measures of inflation expectations had moved up recently, including the staff index of common inflation expectations and the expectations of inflation over the next 5 t
[2022-06-15] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, James Bullard, Lisa D. Cook, Patrick Harker, Philip N. Jefferson, Loretta J. Mester, and Christopher J. W
[2022-06-15] In their discussion of current economic conditions, participants noted that overall economic activity appeared to have picked up after edging down in the first quarter. Job gains had been robust in re
[2022-06-15] ï»¿ The Fed - Monetary Policy: Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs to an official government
[2022-06-15] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that overall economic activity appeared to have picked up after edging down in the first quarter. Job ga
[2022-06-15] Consumer price inflation remained elevated. Total PCE price inflation was 6.3 percent over the 12 months ending in April, and core PCE price inflation, which excludes changes in consumer energy prices
[2022-06-15] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) turned first to a discussion of financial developments. Over the intermeeting period,
[2022-06-15] Ayelen Banegas and Anna Orlik,3 Principal Economists, Division of Monetary Affairs, Board; Stephen F. Lin, Principal Economist, Division of Research and Statistics, Board
[2022-06-15] Credit quality of business loans on banks' books remained sound, with C&I and CRE delinquency rates continuing to be low through March. Nonetheless, banks allocated net positive loan loss provisions i
[2022-06-15] Household credit quality remained solid, with the share of consumers with subprime credit scores still near historical lows. In addition, mortgage delinquencies and the share of mortgages in forbearan
[2022-06-15] Roc Armenter, Vice President, Federal Reserve Bank of Philadelphia
[2022-06-15] Giovanni Favara and Etienne Gagnon,3 Assistant Directors, Division of Monetary Affairs, Board; Paul Lengermann and Byron Lutz, Assistant Directors, Division of Research and Statistics, Board
[2022-06-15] Members concurred that the invasion of Ukraine by Russia was causing tremendous human and economic hardship. Members agreed that the invasion and related events were creating additional upward pressur
[2022-06-15] Giovanni Nicolò, Arsenios Skaperdas, and Hiroatsu Tanaka, Senior Economists, Division of Monetary Affairs, Board; Cisil Sarisoy, Senior Economist, Division of International Finance, Board
[2022-06-15] 4. Attended from the discussion of the economic and financial situation through the end of Wednesday's session. Return to text
[2022-06-15] Sovereign yields in most AFEs rose over the intermeeting period amid investors' concerns about further inflationary pressures and major central banks' policy communications suggesting a firmer stance
[2022-06-15] The deputy manager turned next to a discussion of Federal Reserve operations and related topics. In accordance with the directive to the Open Market Desk, the reduction in SOMA securities holdings beg
[2022-06-15] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June 14, 2022, at 11:00 a.m.
[2022-06-17] For media inquiries, call 202-452-2955 or e-mail [email protected].
[2022-06-17] The Federal Reserve Board approved action on Friday by the Boards of Directors of the Federal Reserve Banks of Atlanta and San Francisco increasing the discount rate, specifically the primary credit r
[2022-06-24] The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023:
[2022-06-24] For media inquiries, e-mail [email protected] or call 202-452-2955.
[2022-07-06] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2022-07-06] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14–15, 2022.
[2022-07-06] Minutes of the Federal Open Market Committee June 14-15, 2022: HTML | PDF
[2022-07-06] For media inquiries, e-mail [email protected] or call 202-452-2955
[2022-07-06] 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
[2022-07-12] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from May 16 through June 15, 2022.
[2022-07-12] For media inquiries, please email [email protected] or call 202-452-2955.
[2022-07-27] 3. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2022-07-27] Attendance Jerome H. Powell, Chair John C. Williams, Vice Chair Michael S. Barr Michelle W. Bowman Lael Brainard James Bullard Susan M. Collins Lisa D. Cook Esther L. George Philip N. Jefferson Lorett
[2022-07-27] 2. Elected as an Alternate by the Federal Reserve Bank of New York, effective July 15, 2022. Return to text
[2022-07-27] 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
[2022-07-27] Staff Economic Outlook The projection for U.S. economic activity prepared by the staff for the July FOMC meeting was noticeably weaker than the June forecast, reflecting the economy's reduced momentum
[2022-07-27] The staff assessed that leverage in the financial sector remained moderate. Recent declines in bank capital ratios were due to higher volatility, interest rate increases, and loan growth, but the rece
[2022-07-27] James F. Dolmas, Economic Policy Advisor and Senior Economist, Federal Reserve Bank of Dallas
[2022-07-27] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2022-07-27] Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic acti
[2022-07-27] Borrowing costs linked to shorter-term interest rates generally increased, largely as a result of expectations of tighter monetary policy. Bank interest rates for both commercial and industrial (C&I)
[2022-07-27] Penelope A. Beattie,4 Section Chief, Office of the Secretary, Board; Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board
[2022-07-27] Available indicators suggested that real PCE rose at a modest pace in the second quarter, while business investment, residential investment, and government purchases all posted declines. Manufacturing
[2022-07-27] Participants reaffirmed their strong commitment to returning inflation to the Committee's 2 percent objective. Participants agreed that a return of inflation to the 2 percent objective was necessary f
[2022-07-27] William D. Dupor, Vice President, Federal Reserve Bank of St. Louis
[2022-07-27] Several of the participants who commented on issues related to financial stability noted that, on balance, asset valuations had eased from elevated levels in recent months. High levels of capital and
[2022-07-27] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes; the Board of Governors of the Federal Reserve System is referenced as the "Board" in these minute
[2022-07-27] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lael Brainard; James Bullard; Susan M. Collins; Lisa D. Cook; Est
[2022-07-27] Burcu Duygan-Bump, Jane E. Ihrig, Kurt F. Lewis, Laura Lipscomb, John W. Schindler, Nitish R. Sinha, Paul R. Wood, and Rebecca Zarutskie, Special Advisers to the Board, Division of Board Members, Boar
[2022-07-27] Conditions in short-term funding markets were stable since the previous FOMC meeting, with the June increase in the Federal Reserve's administered rates passing through promptly to overnight money mar
[2022-07-27] Andrew Foerster, Senior Research Advisor, Federal Reserve Bank of San Francisco
[2022-07-27] Total PCE price inflation was expected to be 4.8 percent in 2022, and core inflation was expected to be 4.0 percent. Core PCE price inflation was expected to step down to 2.6 percent in 2023 and to 2.
[2022-07-27] Jonathan Heathcote, Monetary Advisor, Federal Reserve Bank of Minneapolis
[2022-07-27] Edward Nelson, Senior Adviser, Division of Monetary Affairs, Board; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board
[2022-07-27] Total nonfarm payroll employment posted a solid gain in June at a pace that was similar to that seen in April and May. The unemployment rate was unchanged in June at 3.6 percent. The unemployment rate
[2022-07-27] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2022-07-27] In their discussion of risks, participants emphasized that they were highly attentive to inflation risks and were closely monitoring developments regarding both inflation and inflation expectations. U
[2022-07-27] James P. Bergin, Spencer Krane, and Giovanni Olivei, Senior Vice Presidents, Federal Reserve Banks of New York, Chicago, and Boston, respectively
[2022-07-27] The deputy manager next turned to a discussion of money markets and Desk operations. The 75 basis point increase in the target range at the June meeting passed through fully to the federal funds rate
[2022-07-27] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on rese
[2022-07-27] David Arseneau, Assistant Director, Division of Financial Stability, Board; Giovanni Favara and Etienne Gagnon, Assistant Directors, Division of Monetary Affairs, Board
[2022-07-27] "Effective July 28, 2022, the Federal Open Market Committee directs the Desk to:
[2022-07-27] Alyssa Arute,3 Manager, Division of Reserve Bank Operations and Payment Systems, Board
[2022-07-27] With respect to the business sector, participants noted that investment spending had likely declined in the second quarter. In addition, business survey data and information received from contacts ind
[2022-07-27] Federico Mandelman, Research Economist and Advisor, Federal Reserve Bank of Atlanta
[2022-07-27] Andreas Lehnert, Director, Division of Financial Stability, Board
[2022-07-27] Members concurred that Russia's war against Ukraine was causing tremendous human and economic hardship. They also agreed that the war and related events were creating additional upward pressure on inf
[2022-07-27] Market liquidity had deteriorated in the oil and equities markets since January, but market functioning continued to be orderly. Yields offered by MMMFs were well above those offered by banks, and the
[2022-07-27] Nina Boyarchenko, Department Head, Federal Reserve Bank of New York
[2022-07-27] Sriya L. Anbil,5 Group Manager, Division of Monetary Affairs, Board
[2022-07-27] James A. Clouse, Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Trevor A. Reeve, Economist Stacey Tevlin, Economist Beth An
[2022-07-27] Participants' Views on Current Conditions and the Economic Outlook In their discussion of current economic conditions, participants noted that recent indicators of spending and production had softened
[2022-07-27] 5. Attended from the discussion of the economic and financial situation through the end of Wednesday's session. Return to text
[2022-07-27] Jennifer J. Burns, Deputy Director, Division of Supervision and Regulation, Board; Sally Davies, Deputy Director, Division of International Finance, Board; Rochelle M. Edge, Deputy Director, Division
[2022-07-27] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2022-07-27] Staff Review of the Economic Situation The information available at the time of the July 26–27 meeting suggested that U.S. real gross domestic product (GDP) had declined over the first half of the yea
[2022-07-27] Regarding developments abroad, central banks in advanced foreign economies (AFEs) had quickened the pace of policy tightening in order to address above-target inflation. Eight advanced-economy central