yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2016-11-02] Staff Economic Outlook In the U.S. economic projection prepared by the staff for the November FOMC meeting, the pace of real GDP growth was forecast to be faster over the second half of this year than
[2016-11-02] 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
[2016-11-02] Minutes of the Federal Open Market Committee November 1-2, 2016 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
[2016-11-02] 2. Attended the discussions of the long-run monetary policy implementation framework and financial developments. Return to text
[2016-11-02] James A. Clouse, Deputy Director, Division of Monetary Affairs, Board of Governors
[2016-11-02] Financing conditions for nonfinancial firms remained generally accommodative. Gross issuance of corporate bonds was robust in September amid strong global demand for bonds and low yields. Growth of co
[2016-11-02] Mses. George and Mester dissented because they preferred to increase the target range for the federal funds rate by 25 basis points at this meeting.
[2016-11-02] Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate
[2016-11-02] The Committee agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, it would assess realized and expected economic conditions relative t
[2016-11-02] Foreign equity indexes broadly increased over the intermeeting period. Nonetheless, foreign financial markets were sensitive to news about upcoming negotiations between the United Kingdom and the Euro
[2016-11-02] Against the backdrop of their views of the economic outlook, participants discussed whether the available information warranted taking another step to reduce policy accommodation at this meeting. Base
[2016-11-02] After assessing the outlook for economic activity, the labor market, and inflation, as well as the risks around that outlook, the Committee decided to maintain the target range for the federal funds r
[2016-11-02] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard James Bullard Stanley Fischer Esther L. George Loretta J. Mester Jerome H. Powell Eric Rosengren Daniel K. Tarullo
[2016-11-02] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in financial markets during the period since the Committee me
[2016-11-02] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants agreed that information received over the interme
[2016-11-02] Andreas L. Hornstein, Senior Advisor, Federal Reserve Bank of Richmond
[2016-11-02] Members continued to expect inflation to remain low in the near term, but most anticipated that, with gradual adjustments in the stance of monetary policy, inflation would rise to the Committee's 2 pe
[2016-11-02] The Committee also decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities
[2016-11-02] At the end of the discussion, the Chair reiterated that additional experience with the Federal Reserve's current monetary policy implementation framework would help inform policymakers' future deliber
[2016-11-02] Dana L. Burnett, Section Chief, Division of Monetary Affairs, Board of Governors
[2016-11-02] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Michael Held, Deputy Gen
[2016-11-02] Participants generally agreed that labor market conditions had continued to improve over the intermeeting period. Reports from some Districts pointed to a tightening in labor markets, evidenced by sho
[2016-11-02] 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
[2016-11-02] Foreign real GDP growth appeared to pick up significantly in the third quarter following weak growth in the second quarter that primarily reflected contractions in Canada and Mexico. The recovery of o
[2016-11-02] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Govern
[2016-11-02] Total industrial production increased slightly in September after little change, on net, in July and August. Mining output continued to rise, on balance, in recent months, but manufacturing production
[2016-11-02] Antulio N. Bomfim, Ellen E. Meade, Robert J. Tetlow, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Brian M. Doyle, Senior Adviser, Division of International
[2016-11-02] Real personal consumption expenditures (PCE) increased at a moderate pace in the third quarter, supported by continued gains in employment, real disposable personal income, and households' net worth.
[2016-11-02] Monetary policy announcements by foreign central banks had limited effects on asset prices. At its September monetary policy meeting, the Bank of Japan (BOJ) announced that it will purchase Japanese g
[2016-11-02] Conditions in consumer credit markets were little changed, on balance, against a backdrop of largely stable credit quality. Growth in both revolving and nonrevolving loans remained robust. While auto
[2016-11-02] Total nonfarm payroll employment expanded at a solid pace in September, and the unemployment rate was little changed at 5.0 percent. The labor force participation rate and the employment-to-population
[2016-11-02] Penelope A. Beattie,4 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2016-11-02] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors took no action to change the interest rates on reserves or discount rate
[2016-11-02] Kurt F. Lewis,3 Principal Economist, Division of Monetary Affairs, Board of Governors
[2016-11-02] Participants noted that economic growth in many foreign economies remained subdued, and that inflation rates abroad generally were still quite low. Some participants observed that important internatio
[2016-11-02] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, econ
[2016-11-02] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that the information received since the Committee met in September indicated that the labor market h
[2016-11-02] Total U.S. consumer prices, as measured by the PCE price index, increased about 1-1/4 percent over the 12 months ending in September, partly restrained by recent decreases in consumer food prices and
[2016-11-02] Patrick Dwyer,3 Assistant Vice President, Federal Reserve Bank of New York
[2016-11-02] 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 objectives
[2016-11-02] Min Wei, Deputy Associate Director, Division of Monetary Affairs, Board of Governors
[2016-11-02] Financing conditions for commercial real estate (CRE) also remained largely accommodative but showed some signs of tightening. Growth of CRE loans on banks' books continued to be strong in the third q
[2016-11-02] The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal payments on all agency debt and agency mortgage-backed securities
[2016-11-02] Deborah L. Leonard,3 Ed Nosal,3 and Anna Paulson,3 Vice Presidents, Federal Reserve Banks of New York, Chicago, and Chicago, respectively
[2016-11-02] Thomas A. Connors, Troy Davig, Michael P. Leahy, Stephen A. Meyer, Ellis W. Tallman, Christopher J. Waller, and William Wascher, Associate Economists
[2016-11-02] Housing market activity was weak in the third quarter. Real residential investment spending decreased, partly reflecting a decline in total housing starts. The most recent construction data were mixed
[2016-11-02] The staff viewed the uncertainty around its projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for real GDP
[2016-11-02] 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, Novembe
[2016-11-02] Stephanie R. Aaronson and Glenn Follette, Assistant Directors, Division of Research and Statistics, Board of Governors; Elizabeth Klee, Assistant Director, Division of Monetary Affairs, Board of Gover
[2016-11-02] The staff noted the importance of having effective arrangements to provide liquidity in times of stress. Stigma associated with borrowing from the discount window has likely prevented it from effectiv
[2016-11-02] Money market reform continued to affect several short-term funding markets in the weeks leading up to the October 14, 2016, compliance deadline, as investors continued to shift from prime funds to gov
[2016-11-02] Jeffrey M. Lacker, Dennis P. Lockhart, and John C. Williams, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2016-11-02] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, December 13-14, 2016. The meeting adjourned at 10:00 a.m. on November 2, 2016.
[2016-11-02] Michael Dotsey, Antoine Martin,3 Susan McLaughlin,3 and Julie Ann Remache,3 Senior Vice Presidents, Federal Reserve Banks of Philadelphia, New York, New York, and New York, respectively
[2016-11-02] Participants discussed a range of issues related to recent developments in financial markets and financial stability. MMF reforms that became effective in mid-October had resulted in a substantial shi
[2016-11-02] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.
[2016-11-02] The staff discussed the possibility that changes in the size and composition of the Federal Reserve's balance sheet, including the duration of its securities holdings, could be used to help achieve po
[2016-11-02] Net exports contributed positively to real GDP growth in the third quarter, largely because of the strength of soybean exports. The nominal U.S. international trade deficit widened in August relative
[2016-11-02] 3. Attended the discussion of the long-run monetary policy implementation framework. Return to text
[2016-11-02] In their discussion of business activity in their Districts, participants provided mixed reports on manufacturing, with a few areas that had been adversely affected by the downturn in energy prices re
[2016-11-02] Jonathan Heathcote, Monetary Advisor, Federal Reserve Bank of Minneapolis
[2016-11-02] Most participants expressed a view that it could well become appropriate to raise the target range for the federal funds rate relatively soon, so long as incoming data provided some further evidence o
[2016-11-02] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2016-11-02] Broad stock price indexes were little changed, on net, since the September FOMC meeting. Realized and implied volatility in equity markets remained relatively low. Spreads of yields on nonfinancial in
[2016-11-02] Participants continued to expect economic activity in the coming quarters to be supported by a pickup in business investment. Recent increases in oil and gas drilling activity in response to higher en
[2016-11-02] Staff Review of the Financial Situation Domestic financial markets were relatively calm over the period since the September FOMC meeting. Asset prices were little changed, and volatility was mostly lo
[2016-11-23] 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
[2016-11-23] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2016-11-23] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 1-2, 2016.
[2016-11-23] Minutes of the Federal Open Market Committee November 1-2, 2016: HTML | PDF
[2016-11-29] The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for October 11 and October 31, 2016.
[2016-12-14] Charles L. Evans, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2016-12-14] James A. Clouse, Deputy Director, Division of Monetary Affairs, Board of Governors; Andreas Lehnert, Deputy Director, Division of Financial Stability, Board of Governors; Beth Anne Wilson, Deputy Dire
[2016-12-14] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2016-12-14] Foreign real GDP growth rebounded in the third quarter from an unusually subdued pace in the second quarter. This bounceback was driven primarily by stronger economic growth in Canada and Mexico, two
[2016-12-14] Many participants judged that the risk of a sizable undershooting of the longer-run normal unemployment rate had increased somewhat and that the Committee might need to raise the federal funds rate mo
[2016-12-14] Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pac
[2016-12-14] Secretary's note: The amended Rules were published in the Federal Register on December 27, 2016.
[2016-12-14] Nominal Treasury yields moved up considerably since the November FOMC meeting. Intermediate- and longer-term yields were boosted by roughly equal increases in real yields and inflation compensation. M
[2016-12-14] 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, Decembe
[2016-12-14] The Committee also decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities
[2016-12-14] Financing conditions for nonfinancial firms remained generally accommodative. Although gross issuance of corporate bonds slowed notably in October and November from the brisk pace in the third quarter
[2016-12-14] Minutes of the Federal Open Market Committee December 13-14, 2016 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 t
[2016-12-14] Michael Dotsey, Evan F. Koenig, Spencer Krane, and Mark E. Schweitzer, Senior Vice Presidents, Federal Reserve Banks of Philadelphia, Dallas, Chicago, and Cleveland, respectively
[2016-12-14] Rules Regarding Availability of Information The Committee unanimously voted to amend its Rules Regarding Availability of Information (Rules) in order to comply with the FOIA Improvement Act of 2016 an
[2016-12-14] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Esther L. George, Loretta J. Mester, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.
[2016-12-14] Stephanie R. Aaronson, Assistant Director, Division of Research and Statistics, Board of Governors; Christopher J. Gust, Assistant Director, Division of Monetary Affairs, Board of Governors
[2016-12-14] Broad U.S. equity price indexes rose over the intermeeting period, apparently boosted by investors' expectations of stronger earnings growth and improved risk sentiment, with much of the rally coming
[2016-12-14] "Effective December 15, 2016, 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 1/2 to 3/4 per
[2016-12-14] In their discussion of the economic situation and the outlook, participants agreed that information received over the intermeeting period indicated that the labor market had continued to strengthen an
[2016-12-14] Total industrial production was flat in October. Both manufacturing production and mining output increased, but the output of utilities declined markedly because of unseasonably warm weather in Octobe
[2016-12-14] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2016-12-14] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in U.S. and global financial markets during the period since
[2016-12-14] Willem Van Zandweghe, Assistant Vice President, Federal Reserve Bank of Kansas City
[2016-12-14] Antulio N. Bomfim, Robert J. Tetlow, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Wayne Passmore, Senior Adviser, Division of Research and Statistics, Board
[2016-12-14] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors voted unanimously to raise the interest rates on required and excess reserve balances 1
[2016-12-14] The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal payments on all agency debt and agency mortgage-backed securities
[2016-12-14] Notation Vote By notation vote completed on November 22, 2016, the Committee unanimously approved the minutes of the Committee meeting held on November 1-2, 2016.
[2016-12-14] Robert deV. Frierson, Secretary, Office of the Secretary, Board of Governors
[2016-12-14] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, econ
[2016-12-14] Gross issuance of municipal bonds remained solid in October, and the credit quality of state and local governments was stable, as the number of ratings downgrades only moderately outpaced the number o
[2016-12-14] Don Kim, Adviser, Division of Monetary Affairs, Board of Governors; Karen M. Pence, Adviser, Division of Research and Statistics, Board of Governors
[2016-12-14] The credit quality of nonfinancial corporations remained solid. The volume of corporate bond rating downgrades in October and November outpaced that of upgrades but was moderate compared with rates se
[2016-12-14] Market expectations for an increase in the target range for the federal funds rate at the December meeting rose over the intermeeting period. By the end of the period, quotes on federal funds futures
[2016-12-14] Labor market conditions continued to improve over the intermeeting period. Monthly increases in nonfarm payroll employment averaged nearly 180,000 over the three months ending in November, in line wit
[2016-12-14] The outlook for the business sector improved over the intermeeting period. Although nonresidential investment was still weak and equipment spending had been flat in the third quarter, orders for nonde
[2016-12-14] The manager also reported on developments in money markets and open market operations. Market interest rates on overnight repurchase agreements (repos) fell during the intermeeting period. Market part
[2016-12-14] The Committee agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, it would assess realized and expected economic conditions relative t
[2016-12-14] Participants discussed the implications of the economic outlook for the likely future path of the target range for the federal funds rate. Most participants judged that a gradual pace of rate increase
[2016-12-14] Taken together, a range of recent indicators showed that labor market conditions had tightened further. Total nonfarm payroll employment increased at a solid pace in October and November, and the unem
[2016-12-14] David Bowman, Andrew Figura, Joseph W. Gruber, Ann McKeehan, and David Reifschneider, Special Advisers to the Board, Office of Board Members, Board of Governors
[2016-12-14] 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
[2016-12-14] Recent information on housing market activity suggested that real residential investment was picking up in the fourth quarter after decreasing in the previous two quarters. Starts for both new single-
[2016-12-14] Staff Review of the Economic Situation The information reviewed for the December 13-14 meeting indicated that real gross domestic product (GDP) was expanding at a moderate pace over the second half of
[2016-12-14] Financing conditions for commercial real estate (CRE) also remained largely accommodative. The average rate of growth of CRE loans at banks continued to be strong in October and November. Spreads on c
[2016-12-14] Participants expected the labor market to strengthen somewhat further over the medium run, with almost all anticipating that the unemployment rate over the next couple of years would run below their e
[2016-12-14] Regarding the household sector, the available information indicated that consumer spending had been rising at a moderate rate, on balance, since midyear. Participants cited a number of factors likely
[2016-12-14] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Esther L. George; Loretta J. Mester; Jerome H.
[2016-12-14] 2. Attended the discussions of the Rules Regarding Availability of Information and developments in financial markets and open market operations. Return to text
[2016-12-14] At this meeting, members continued to expect that, with gradual adjustments in the stance of monetary policy, inflation would rise to the Committee's 2 percent objective over the medium term as the tr
[2016-12-14] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2016-12-14] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, January 31-February 1, 2017. The meeting adjourned at 10:05 a.m. on December 14, 2016.
[2016-12-14] In their consideration of economic conditions and monetary policy, participants agreed that sufficient evidence had accumulated of continued progress toward the Committee's objectives of maximum emplo
[2016-12-14] The interest rate on 30-year fixed-rate residential mortgages moved up in line with Treasury yields, although the rate remained low by historical standards and mortgage availability appeared little ch
[2016-12-14] Achilles Sangster II, Information Management Analyst, Division of Monetary Affairs, Board of Governors
[2016-12-14] 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
[2016-12-14] In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1/2 to 3/4 percent. The stance of monetary policy
[2016-12-14] Participants expected that, with gradual adjustments in the stance of monetary policy, economic activity would expand at a moderate pace and labor market conditions would strengthen somewhat further.