yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2014-01-01] one of these members added that, according to the aggregate results of wage negotiations compiled by the japanese trade union confederation (rengo) so far, movements toward wage increases were expecte
[2014-01-01] members noted that the current accommodative setting of monetary policy was expected to support demand and help growth strengthen at the same time as delivering inflation outcomes consistent with the
[2014-01-01] In their assessment of factors leading to this decision, the members focused on the further evidence that moderating demand and accelerating productivity were closing the gap between the growth of agg
[2014-01-01] conditions in foreign exchange markets had remained very subdued, with little change in the major exchange rates and volatility declining further to multi-decade lows in the past month.
[2014-01-01] cre loans on banks' books continued to expand moderately, and issuance of commercial mortgage-backed securities remained solid.
[2014-01-01] meanwhile, a different member commented that, although the unemployment rate remained on a declining trend, the number of new job openings was decreasing, suggesting somewhat of a slowdown in economic
[2014-01-01] members noted that japanese equity prices had risen by nearly 5 per cent on the last day of october in response to the unexpected further easing in the boj's monetary policy.
[2014-01-01] closing the output gap over the time frame described above is reliant on continued stimulative monetary policy and hinges critically on stronger exports and business investment.
[2014-01-01] members expressed the view that it was appropriate for the bank to continue to steadily pursue quantitative and qualitative monetary easing in accordance with the current guidelines, as japan's econom
[2014-01-01] consistent with this view, some survey indicators of wage growth had been rising for some time, most notably the rec survey measure of the pay growth of new employees.
[2014-01-01] canada’s real gdp growth is projected to average close to 2 1/2 per cent over the next year before slowing gradually to 2 per cent by the end of 2016, roughly the estimated growth rate of potential ou
[2014-01-01] despite weakness elsewhere, the u.s. economy is gaining traction, particularly in sectors that are beneficial to canada’s export prospects.
[2014-01-01] recent data on the book value of inventories, along with readings on inventories from national and regional manufacturing surveys, did not point to significant inventory imbalances in most industries
[2014-01-01] members observed that the softness in commercial construction meant that there was labour available to support the strong growth of higher-density dwelling construction.
[2014-01-01] growth in other regions is evolving largely as projected in the bank’s october monetary policy report (mpr).
[2014-01-01] in addition, the employment situation had been improving steadily.
[2014-01-01] regarding international commodity prices, while prices of industrial metals had risen, those of crude oil and agricultural products had declined.
[2014-01-01] In their consideration of the appropriate stance of monetary policy, participants concurred that the labor market was very tight and that inflation was far above the Committee's 2 percent inflation ob
[2014-01-01] But you do see growth in services, so you—this pattern around the world of Chair Powell’s Press Conference FINAL weak manufacturing
[2014-01-01] Nonetheless, considerable uncertainty surrounded expectations of rising inflation.
[2014-01-01] Financial conditions affecting emerging market economies continued to improve for a time after the Committee eased monetary policy at its November 17 meeting, but that trend was subsequently reversed
[2014-01-01] a few participants, however, highlighted factors other than weather that had likely contributed to the slowdown during the first quarter, including slower growth in net exports following its unusually
[2014-01-01] Indicators of supply and demand conditions for small business credit were generally unchanged over the past quarter, with demand appearing to remain weak.
[2014-01-01] the euro had depreciated against the dollar in light of further monetary easing by the european central bank (ecb).
[2014-01-01] however, members underscored that the pace of asset purchases was not on a preset course and would remain contingent on the committee's outlook for the labor market and inflation as well as its assess
[2014-01-01] that view was supported by the increase of 288,000 in non-farm payrolls and the sharp fall in unemployment to 6.3% in april.
[2014-01-01] the nikkei 225 stock average had risen at one time, mainly as a reflection of the yen's depreciation, and temporarily exceeded the 18,000 yen level.
[2014-01-01] yield spreads between corporate bonds and jgbs had been narrowing very moderately, reflecting solid demand from investors.
[2014-01-01] by promoting these measures, the government would raise the attractiveness of japanese firms and encourage the expansion of domestic and foreign investment, boosting economic growth and strengthening
[2014-01-01] Several participants reported feedback from business contacts who were delaying hiring until the economic and regulatory outlook became more certain and who indicated that they expected to meet any ne
[2014-01-01] markets in emerging economies had been calm on the whole because policy actions such as the raising of interest rates had been adopted to address current account deficits and high inflation, although
[2014-01-01] as the economy reaches its full capacity in the second half of 2016, both core and total cpi inflation are projected to be about 2 per cent on a sustained basis.
[2014-01-01] So, there has been impact through lower interest rates, but I think more broadly is the indirect effects.
[2014-01-01] Nonetheless, all but one of the members believed that in light of the uncertainties about the economic outlook, an immediate policy tightening was not needed in the absence of firmer indications that
[2014-01-01] the committee currently does not anticipate selling agency mortgage-backed securities as part of the normalization process, although limited sales might be warranted in the longer run to reduce or eli
[2014-01-01] More broadly, however, weaker demand, especially in sectors that have been most affected by the pandemic, has held down consumer prices, and overall, inflation is running well below our 2 percent long
[2014-01-01] You know, stimulating aggregate demand is one thing, but where there’s a part of the economy that kind of will be resistant to that, you also need fiscal policy.
[2014-01-01] meanwhile, business sentiment stayed at a favorable level on the whole, although the effects of the subsequent decline in demand following the front-loaded increase prior to the consumption tax hike w
[2014-01-01] some participants suggested that the recent domestic economic data had increased their confidence in the outlook for growth going forward.
[2014-01-01] that supported the view that the october figures had been temporarily depressed by the impact on sentiment of the financial market turbulence seen in the middle of that month.
[2014-01-01] core inflation is expected to stay well below 2 per cent this year due to the effects of economic slack and heightened retail competition, and these effects will persist until early 2016.
[2014-01-01] in time, any further recovery in productivity would be likely to feed into real wage growth.
[2014-01-01] serial disappointment with economic performance during the past several years has mainly reflected the impact of private-sector deleveraging, fiscal consolidation and, especially, the lingering effect
[2014-01-01] some members added that markets in these economies that had taken policy actions such as the raising of interest rates were starting to regain their calmness.
[2014-01-01] In their assessment of the outlook for inflation, members agreed that
[2014-01-01] as for developments in economic activity and prices, which formed preconditions for the bank's monetary policy, a few members expressed the recognition that, even though monthly fluctuations tended to
[2014-01-01] however, those effects were reversed late in the period when investors appeared to pull back from riskier assets in reaction to rising concern about developments in some emerging market economies and
[2014-01-01] they shared the view that the outlook for the employment and income situation was clearly improving, considering that an increased number of firms had decided to raise base pay and, according to vario
[2014-01-01] both the share of workers employed part time for economic reasons and the rate of long-duration unemployment edged down in recent months, although both measures were still high.
[2014-01-01] Consumer sentiment was at or close to historically high levels according to recent surveys, evidently reflecting the strong uptrend in employment and income and to some extent the very large cumulativ
[2014-01-01] Continued gains in employment and income, high household net worth, and low gasoline prices were viewed as factors that should support consumer spending in coming months.
[2014-01-01] there was uncertainty around both slack at the start of the forecast period and how quickly it would be absorbed, but in the central projection slack was broadly absorbed by the end of the forecast pe
[2014-01-01] one member said that, in order to increase income, including base pay, an arrangement involving the government similar to the one made last year might also be necessary this year.
[2014-01-01] the expansion in economic activity was anticipated to lead to a slow reduction in resource slack over the projection period, and the unemployment rate was expected to decline gradually to the staff's
[2014-01-01] members shared the recognition that private consumption remained resilient as a trend with improvement in the employment and income situation, albeit with some fluctuations due to the consumption tax
[2014-01-01] it also had been proceeding with discussions on reforms of the employment system and the agriculture industry.
[2014-01-01] some members noted that the fact that yields on t-bills had been negative at most times was indicative of the bank's pursuit of aggressive monetary easing under quantitative and qualitative monetary e
[2014-01-01] against a background of ongoing geopolitical uncertainties and lower confidence, energy prices have declined and there has been a significant correction in global financial markets, resulting in lower
[2014-01-01] first, the aggregate supply and demand balance (output gap, and the same hereafter) had been improving mainly on the labor front; it appeared to have reached around the past long-term average of about
[2014-01-01] over 2013, the us dollar had appreciated by 3 per cent on a trade-weighted basis, with a marked appreciation against the japanese yen and a number of emerging market and commodity currencies (includin
[2014-01-01] However, in light of the projected persistence of slack in labor and product markets and the anticipated stability in long-term inflation expectations, the increase in inflation was expected to be mos
[2014-01-01] the euro had generally been more or less level against the dollar.
[2014-01-01] persistent headwinds continue to buffet most economies and growth remains reliant on exceptional policy stimulus.
[2014-01-01] global growth is expected to strengthen over the next two years, rising from 2.9 per cent in 2013 to 3.4 per cent in 2014 and 3.7 per cent in 2015.
[2014-01-01] the unemployment rate edged down to 5.8 percent in october and remained at that level in november.
[2014-01-01] nevertheless, the bank continues to project that global growth will gather momentum as these headwinds abate.
[2014-01-01] However, investor demand for high-quality commercial mortgage-backed securities (CMBS) reportedly was robust, although issuance of CMBS remained muted.
[2014-01-01] initial claims for unemployment insurance were little changed over the intermeeting period.
[2014-01-01] most participants commented on the continuing weakness in housing activity.
[2014-01-01] the prospective revisions could, nevertheless, make household consumption spending appear significantly stronger than in the current data vintage, and the household saving ratio commensurately lower.
[2014-01-01] one member -- while noting the relatively weak developments in consumer confidence since october 2013 -- said that this might be attributable to consumers' awareness of the consumption tax hike, and f
[2014-01-01] Nevertheless, most participants agreed that, although the level of inventories of unsold homes that homebuilders desired was uncertain, the correction of the housing sector was likely to continue to w
[2014-01-01] Financing conditions in capital markets remained broadly accommodative, supported by low interest rates and high equity valuations.
[2014-01-01] as german yields fell to new record lows, spreads of most euro-area peripheral bonds over those yields narrowed.
[2014-01-01] on the subject of inflation expectations, some members commented that the breakeven inflation rates were declining recently.
[2014-01-01] nonetheless, the cutbacks in both defense and nondefense federal outlays, as well as state governments' budget restraint, continued to weigh on jobs and income in some parts of the country.
[2014-01-01] a few members pointed out that the decline in housing investment following the front-loaded increase was partly attributable to the effects of labor shortages and a surge in prices of building materia
[2014-01-01] voting for this action: ben bernanke, william c. dudley, richard w. fisher, narayana kocherlakota, sandra pianalto, charles i. plosser, jerome h. powell, jeremy c. stein, daniel k. tarullo, and janet
[2014-01-29] Minutes of the Federal Open Market Committee January 28-29, 2014 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washi
[2014-01-29] Information received since the Federal Open Market Committee met in December indicates that growth in economic activity picked up in recent quarters. Labor market indicators were mixed but on balance
[2014-03-19] Minutes of the Federal Open Market Committee March 18-19, 2014 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washing
[2014-03-19] Information received since the Federal Open Market Committee met in January indicates that growth in economic activity slowed during the winter months, in part reflecting adverse weather conditions. L
[2014-04-30] Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently, after having slowed sharply during the winter in part becau
[2014-04-30] Minutes of the Federal Open Market Committee April 29-30, 2014 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washing
[2014-06-18] Minutes of the Federal Open Market Committee June 17-18, 2014 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
[2014-06-18] Information received since the Federal Open Market Committee met in April indicates that growth in economic activity has rebounded in recent months. Labor market indicators generally showed further im
[2014-07-30] Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemploy
[2014-07-30] Minutes of the Federal Open Market Committee July 29-30, 2014 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
[2014-09-17] Minutes of the Federal Open Market Committee September 16-17, 2014 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Was
[2014-09-17] Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. On balance, labor market conditions improved somewhat further;
[2014-10-29] Minutes of the Federal Open Market Committee October 28-29, 2014 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washi
[2014-10-29] Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market conditions improved somewhat further, with s
[2014-12-17] Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid job ga
[2014-12-17] Minutes of the Federal Open Market Committee December 16-17, 2014 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Wash
[2015-01-01] in the asean economies, economic recovery seemed to have paused as external demand had been affected by the earlier decline in international commodity prices and production adjustments in china, and a
[2015-01-01] If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as ap
[2015-01-01] However, with tightening resource constraints indicating unsustainable growth, only tentative signs that growth might be slowing, and various factors that had been damping prices now turning around, a
[2015-01-01] members noted that there was considerable uncertainty around the timing and extent of the expected increase in household consumption growth and non-mining business investment.
[2015-01-01] these operations shall be conducted in addition to the authorized overnight reverse repurchase agreements, which remain subject to a separate overall size limit authorized by the fomc.
[2015-01-01] private consumption had increased clearly, supported by the rising trend in compensation of employees, as the effects of the past low crude oil prices and high stock prices remained.
[2015-01-01] Two members preferred to leave the target range at 1 to 1-1/4 percent, suggesting that the Committee should wait to raise the target range until inflation moves up closer to 2 percent on a sustained b
[2015-01-01] the prices of tradable items (excluding volatile items and tobacco) had declined modestly in the june quarter and over the preceding year.
[2015-01-01] moving on to monetary and financial conditions, the eonia forward curve had steepened since mid-april, notably at medium to longer horizons.
[2015-01-01] As a result, growth of spending on consumer durables was expected to be appreciably below the rapid pace in the first half of last year, and housing demand would increase only a little from its recent
[2015-01-01] for the euro area, real gdp had risen by 0.3%, quarter on quarter, in the fourth quarter of 2014.
[2015-01-01] (4) in singapore and the middle east, the government representative had recently explained the measures in abenomics and the growth strategy; many investors had given favorable evaluations of reforms
[2015-01-01] looking at an indicator that represented the difference between the share of items in the cpi (all items less fresh food) for which prices had risen from the previous year and that for which prices ha
[2015-01-01] Any such rise in inflation expectations and associated upward pressure on inflation itself would likely prove costly to reverse.
[2015-01-01] on average, however, they had risen slightly in the january-march quarter of 2015, registering an increase for three consecutive quarters from the july-september quarter of 2014.
[2015-01-01] the bank of canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent.
[2015-01-01] some members pointed out that the bank's opinion survey on the general prices.
[2015-01-01] it was not possible, however, precisely to disentangle the factors driving these exchange rate movements.
[2015-01-01] As a result, as in the January forecast, real GDP was expected to rise at a moderate pace over 2011 and 2012, supported by accommodative monetary policy, increasing credit availability, and greater ho
[2015-01-01] second, it could determine an intended period for asset purchases, which could start in march 2015 with an end-date of, for example, the end of 2016.
[2015-01-01] U. S. real GDP was forecast to plummet and the unemployment rate to soar in the second quarter of this year.
[2015-01-01] if you ask me, is this a significant factor shaping monetary policy now, well, it’s on the list of risks, it’s not a major—it’s not a major factor.
[2015-01-01] In addition, some policymakers observed that the timing and magnitude of future policy adjustments would ultimately be determined by the Committee's interpretation of the incoming data on the economy
[2015-01-01] in relation to this, a different member said that the background to the outflow of deposits from greek banks was not the solvency problem of individual banks, but rather concern about the currency sys
[2015-01-01] however, regulators globally remained concerned that ‘search for yield’ behaviour could ultimately lead to disruptive repricing in financial markets.
[2015-01-01] one member noted that attention should be paid to the fact that, from a macroeconomic perspective, growth in business fixed investment and wages was slow relative to that in corporate profits.
[2015-01-01] financial conditions for households and businesses remain very stimulative.
[2015-01-01] And, and that’s why we have adopted the flexible average inflation-targeting framework.
[2015-01-01] spillovers from sovereign bond purchases not only into corporate bond prices, but also into equity prices, could trigger the mispricing of risk and feed financial market exuberance with potential dest
[2015-01-01] the bank now projects canada’s real gdp will grow by just over 1 per cent in 2015 and about 2 1/2 per cent in 2016 and 2017.
[2015-01-01] in the united states, the economy is expected to continue growing at a solid pace with particular strength in private domestic demand, which is important for canadian exports.
[2015-01-01] with regard to chinese stock prices, many members expressed the recognition that, although the significant decline in prices had paused, they remained highly volatile and future developments warranted
[2015-01-01] annual consumer price inflation in the oecd area had remained unchanged in august, in terms of both headline inflation (0.6%) and inflation excluding food and energy (1.7%).
[2015-01-01] in non-resource sectors, the looked-for signs of strength are more evident, supported by the stimulative effects of previous monetary policy actions and past depreciation of the canadian dollar.
[2015-01-01] many members said that corporate profits continued to improve, despite the slowdown in emerging economies, due in part to the effects of the yen's depreciation as well as the decline in crude oil pric
[2015-01-01] in this context, scope was seen for fiscal policy to further support the recovery by rebalancing the composition of expenditure towards more public investment and other growth-friendly measures geared
[2015-01-01] the economy is expected to return to full capacity around the end of 2016, a little later than was expected in october.
[2015-01-01] the member continued that this was evidence that firms were beginning to take an active attitude toward carrying out fixed investment from a long-term perspective, amid the progress in the conversion
[2015-01-01] as for the outlook, they shared the view that the economy would likely continue to grow stably, albeit at a somewhat slower pace, as authorities carried out stimulus measures while progressing with st
[2015-01-01] equity prices also rose in most emerging market economies, with the stock market in china outperforming.