yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2001-01-01] These productivity gains result from many forces, including business investment that has increased the amount and quality of capital available to the workforce, business process innovations, and the g
[2001-01-01] the gfk consumer confidence index had been broadly stable in april (+1.9 compared to +3.2 in march).
[2001-01-01] nevertheless, the forward-looking prospect depended heavily on the us.
[2001-01-01] Potentially, waiting could require more disruptive policy tightening actions later and could risk the credibility of the System's anti-inflation policy.
[2001-01-01] Actual or realized saving depends on the equilibrium values of the real interest rate and other economic variables.
[2001-01-01] The Committee directs the Desk to purchase GSE debt, GSE-guaranteed MBS, and longer-term Treasury securities during the intermeeting period with the aim of providing support to private credit markets
[2001-01-01] moreover, it was likely in the view of these members that core inflation, which was already modest, would decelerate further.
[2001-01-01] Staff Economic Outlook In the forecast prepared for the March FOMC meeting, the staff's outlook for real economic activity was broadly similar to that at the time of the January meeting.
[2001-01-01] Operating Strategies and the FOMC Meeting Now that we appreciate the challenging nature of monetary policy, we are ready to develop a strategy for implementing open market operations.
[2001-01-01] since imports would contract, aggregate demand and output growth would plausibly fall by less than would simply be implied by the reduction in exports.
[2001-01-01] First, the significant appreciation of the dollar over the last two years has clearly had an important restraining effect on U.S. inflation, both via the direct effect on the prices of imported goods
[2001-01-01] The weakness in labor market conditions remained an important concern to meeting participants, with unemployment expected to remain elevated for some time.
[2001-01-03] GSS factor decomposition for 2001-01-03: target=-32.30 bp, path=+22.80 bp
[2001-01-03] The Federal Open Market Committee decided today to lower its target for the federal funds rate by 50 basis points to 6 percent. In a related action, the Board of Governors approved a 25-basis-point de
[2001-01-03] Minutes of the Federal Open Market Committee December 19, 2000 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
[2001-01-31] If one regards the revenue for money creation, which is sometimes called seigniorage, as a tax flow just like any other tax that the government receives on a yearly basis--
[2001-01-31] The Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 50 basis points to 5-1/2 percent. In a related action, the Board of Governors approved
[2001-01-31] Minutes of the Federal Open Market Committee January 30-31, 2001 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
[2001-01-31] GSS factor decomposition for 2001-01-31: target=+8.20 bp, path=-12.50 bp
[2001-03-20] It would leave market participants speculating day in and day out about whether we were in or about to hold an emergency meeting to cut the target funds rate.
[2001-03-20] While the financial markets are clamoring for it, the data from the real economy seem firmer than such a move might imply.
[2001-03-20] Our policy choice must be made in the face of this very fundamental uncertainty.
[2001-03-20] GSS factor decomposition for 2001-03-20: target=-2.30 bp, path=-13.50 bp
[2001-03-20] The Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 50 basis points to 5 percent. In a related action, the Board of Governors approved a 50
[2001-04-18] The Federal Open Market Committee decided today to lower its target for the federal funds rate by 50 basis points to 4-1/2 percent. In a related action, the Board of Governors approved a 50 basis poin
[2001-04-18] GSS factor decomposition for 2001-04-18: target=-48.50 bp, path=-3.20 bp
[2001-04-18] Minutes of the Federal Open Market Committee March 20, 2001 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington
[2001-05-15] Minutes of the Federal Open Market Committee May 15, 2001 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington,
[2001-05-15] For immediate release The Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 50 basis points to 4 percent. In a related action, the Board of G
[2001-05-15] GSS factor decomposition for 2001-05-15: target=-8.60 bp, path=-15.70 bp
[2001-06-27] GSS factor decomposition for 2001-06-27: target=+11.80 bp, path=+2.30 bp
[2001-06-27] The Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 25 basis points to 3-3/4 percent. In a related action, the Board of Governors approved
[2001-06-27] Indeed, that's obviously the case if we listen to what he's doing and how he's calculating it.
[2001-06-27] Minutes of the Federal Open Market Committee June 26-27, 2001 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
[2001-08-21] GSS factor decomposition for 2001-08-21: target=+2.90 bp, path=-9.70 bp
[2001-08-21] The Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 25 basis points to 3-1/2 percent. In a related action, the Board of Governors approved
[2001-09-17] The Federal Open Market Committee decided today to lower its target for the federal funds rate by 50 basis points to 3 percent. In a related action, the Board of Governors approved a 50 basis point re
[2001-09-17] Minutes of the Federal Open Market Committee August 21, 2001 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washingto
[2001-10-02] The Federal Open Market Committee decided today to lower its target for the federal funds rate by 50 basis points to 2-1/2 percent. In a related action, the Board of Governors approved a 50 basis poin
[2001-10-02] Minutes of the Federal Open Market Committee October 2, 2001 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washingto
[2001-10-02] GSS factor decomposition for 2001-10-02: target=-1.80 bp, path=-6.40 bp
[2001-11-06] The Federal Open Market Committee decided today to lower its target for the federal funds rate by 50 basis points to 2 percent. In a related action, the Board of Governors approved a 50 basis point re
[2001-11-06] GSS factor decomposition for 2001-11-06: target=-12.70 bp, path=-15.70 bp
[2001-11-06] Minutes of the Federal Open Market Committee November 6, 2001 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
[2001-12-11] A related issue, I think, involves what you said in answer to President Jordan's question when you talked about excess capacity and your forecast of the unemployment rate and a declining rate of infla
[2001-12-11] But I don't think the Blue Chip forecast or our forecast is consistent with what is currently built into fed funds futures.
[2001-12-11] And at least in my view our economy has a history of being resilient and largely self-correcting.
[2001-12-11] GSS factor decomposition for 2001-12-11: target=+1.90 bp, path=-18.10 bp
[2001-12-11] Minutes of the Federal Open Market Committee December 11, 2001 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
[2001-12-11] The Federal Open Market Committee decided today to lower its target for the federal funds rate by 25 basis points to 1-3/4 percent. In a related action, the Board of Governors approved a 25 basis poin
[2002-01-01] Moreover, the recent relatively low monthly readings on core inflation and modest wage pressures, at least by some measures, suggested that some slack remained in resource utilization.
[2002-01-01] Another factor viewed as likely to exert a moderating effect on the growth of economic activity was the expectation of some slowing in inventory investment.
[2002-01-01] in contrast, the bcc survey had reported a rise in manufacturing investment intentions in q2, with the survey balance rising to +7, from -3 in 2002 q1, but it had still been below its long-term averag
[2002-01-01] More specifically, we observed financial-market developments over the period beginning fifteen minutes before and ending forty-five minutes after each policy decision became known to the public.4 The
[2002-01-01] Our Congressional mandate is to achieve full employment and price stability in the United States.
[2002-01-01] Mortgage credit conditions generally remained tight over the intermeeting period, though signs of easing continued to emerge amid further gains in house prices.
[2002-01-01] That is why foreign trade deficits are typically thought of as self-correcting.
[2002-01-01] These participants preferred to wait until there was greater assurance that the transmission mechanism of monetary policy via financial markets and the supply of credit to households and businesses wa
[2002-01-01] Sub-par expansion over the next few quarters was expected to foster an appreciable further easing of pressures on resources and some moderation in core consumer price inflation.
[2002-01-01] The October SLOOS suggested that the recent slowdown in mortgage originations for home purchases was partly attributable to weaker demand.
[2002-01-01] the non-manufacturing ism had also risen, to 54.2 in december from 51.3 in november.
[2002-01-01] Our goal of price stability was achieved by most analysts' definition by mid-2003.
[2002-01-01] annual inflation in the euro-area harmonised index of consumer prices (hicp) had increased to 2.1% in august, from 1.9% in july.
[2002-01-01] That is, it was thought that by accepting a modest increase in the inflation rate, policy could achieve a permanently lower rate of unemployment.
[2002-01-01] That central bank independence promotes lower inflation in developed countries is well-established by the economic literature.
[2002-01-01] An upside risk was that inflation could increase more than expected in an economy that was projected to move further above its potential.
[2002-01-01] a9 the twelve-month growth rate of notes and coin had risen to 8.1% in april, from 7.5% in march.
[2002-01-01] These participants cited, for example, the still-elevated levels of long-term unemployment and workers employed part time for economic reasons as well as low labor force participation.
[2002-01-01] either higher government expenditure or higher export volumes would in turn imply a higher gdp estimate.
[2002-01-01] Market sentiment toward the syndicated leveraged loan market also improved, with the average bid price increasing noticeably and bid-asked spreads narrowing a bit further.
[2002-01-01] More subtly, my conclusion that the effects on inflation of transitory changes in commodity prices or in the value of the dollar tend to dissipate in the longer run depends on the assumption that the
[2002-01-01] Petroleum prices have been under particular pressure, reflecting not only stronger demand but also risks that supplies could be constrained by terrorism or political disruption.
[2002-01-01] While favorable financing would help to sustain the housing sector, members anticipated that any further impetus to growth from that sector was likely to be limited.
[2002-01-01] More than two years after the recession trough, and following several quarters of strong growth, the historically normal pattern would be for the Fed to be well into the process of tightening policy b
[2002-01-01] recent data on initial claims for unemployment insurance pointed to a further moderation in employment losses in january.
[2002-01-01] the census results would be reflected in revisions to population and labour force survey data back to the early 1980s.
[2002-01-01] within that total, japanese exports to the rest of asia had increased by 29.2% on a year earlier; export values to china alone had risen by 47.3% over the period.
[2002-01-01] Policy tightening started last year, as emerging markets including Mexico and Brazil increased rates substantially amid expectations of accelerating inflation.
[2002-01-01] The Federal Reserve Bank of New York was authorized and directed, until instructed otherwise by the Committee, to execute transactions in the System Account in accordance with the following domestic p
[2002-01-01] a53 in reports outside the survey, agents had noted falls in manufacturing employment and a further easing in service sector employment.
[2002-01-01] Or the 1990s could be used as an illustration of how monetary policy could lower inflation, with concomitant gains in terms of full employment and long-term economic growth.
[2002-01-01] That interdependence suggests that monetary policy makers must pay attention to conditions abroad as well as at home.
[2002-01-01] Many participants commented that measures of short-term inflation expectations were elevated or that far-forward measures of inflation compensation were near the upper edge of their historical range.
[2002-01-01] sales of new homes edged up to a record level in september, and sales of existing homes continued to be brisk, though a little below the exceptional pace of the first half of the year.
[2002-01-01] The System Open Market Account Manager and the Secretary will keep the Committee informed of ongoing developments regarding the System's balance sheet that could affect the attainment over time of the
[2002-01-01] this reflected a 1 7% depreciation of sterling against the us dollar and a 0 5% appreciation of sterling against the euro.
[2002-01-01] An easing of supply constraints was expected to support continued gains in economic activity and employment as well as a reduction in inflation.
[2002-01-01] economic performance in line with their current forecasts would at some point require an adjustment to policy toward a less accommodative stance once more definitive indications of sustained strengthe
[2002-01-01] That ex post relationship, the correlation between actual--instead of intended--domestic saving and domestic investment was the object of the seminal work by Feldstein and Horioka a quarter century ag
[2002-01-01] food commodity prices had risen by 3% on the month, and by 19% since may, but the impact of this was likely to be offset by falls in the prices of metals and non-food agricultural products.
[2002-01-01] the economist dollar non-oil commodity price index had risen by 1.5%.
[2002-01-01] For 1998, the Committee agreed on a tentative basis to set the same ranges as in 1997 for growth of the monetary aggregates and debt, measured from the fourth quarter of 1997 to the fourth quarter of
[2002-01-01] Presumably even normal amortized equity that did not come from higher home prices was extracted in this manner.
[2002-01-01] both the conference board and the university of michigan measures of consumer confidence had fallen in april: the conference board measure had fallen to 108.8, from an upwardly-revised 110.7 in march,
[2002-01-01] the staff forecast prepared for this meeting suggested that, in light of further weaker-than-expected incoming economic data, the expansion of economic activity would be relatively muted for some time
[2002-01-01] the british retail consortium (brc) retail sales monitor had reported that retail sales had grown by 8.1% on the year to december, compared with 8.2% in manufacturers and traders (smmt) new car regist
[2002-01-01] the euro-area purchasing managers’ index (pmi) for manufacturing had risen slightly in october, to 49.1, from 48.9 in september.
[2002-01-01] net trade had made no contribution to french gdp growth in 2002 q1, but both exports and imports had rebounded strongly following sharp falls in 2001 q4: exports had risen by 2.1% and imports by 2.3%.
[2002-01-01] before turning to its immediate policy decision and against the background of its latest projections for output and inflation, the committee discussed the world economy; money, credit and asset prices
[2002-01-01] a net balance of around 30% of respondents serving the public sector had expected investment to be higher than in the previous twelve months, and a somewhat larger net balance of these respondents exp
[2002-01-01] a48 in the labour market, manufacturing job losses had continued and were no longer being offset by gains in other sectors.
[2002-01-01] Price and capital controls, which might have been feasible a half century ago, would be very difficult to implement in today's more technologically advanced environment.
[2002-01-01] the very limited available information on economic activity abroad in the third quarter suggested continued sluggish expansion in the euro area and japan, moderate growth in the united kingdom, furthe
[2002-01-01] aggregate labor market conditions had been mixed in recent months.
[2002-01-01] a38 manufacturing output prices excluding duties (ppiy) had been unchanged in may, while the annual inflation rate had fallen by 0.1 percentage points to 0.2%.
[2002-01-01] While more moderate growth in consumer spending for durable goods seemed likely after an extended period of robust expansion, these favorable factors suggested that the risks of a different outcome we
[2002-01-01] Of the 1,700 Washington employees, roughly 250 are Ph.D. economists, the majority of whom support the Board's monetary policy responsibilities.
[2002-01-01] a21 the sterling exchange rate index (eri) had fallen by 0.9%, to 105.9, between 31 july and september.
[2002-01-01] consensus economics forecasts of average inflation in 2002 and 2003 had been unchanged, at 2.1% and 2.3% respectively.
[2002-01-01] While numerous contacts reported generally disappointing holiday sales in an environment of atypically large and widespread discounting, a surge in motor vehicle sales in December fostered by aggressi
[2002-01-01] contacts had reported an improvement in enquiry levels but these enquiries had not yet translated into orders.
[2002-01-01] employers might decide not to pass on in price increases the higher costs implied by their own increased contributions, either because of competitive pressures or because they were confident that the
[2002-01-01] at the producer level, core price inflation for finished goods over the twelve months ended in october was at a very low rate.
[2002-01-01] surveys of labour shortages had indicated a sharp increase in shortages reported in consumer services and a fall in clerical shortages reported in financial services.
[2002-01-01] in fact, recent orders and shipments data suggested an upturn in spending for new equipment, but the improvement was still quite limited, unevenly distributed across industries, and not yet firmly ind
[2002-01-01] Many of them expected that inflation was likely to rise gradually over the medium term, as resource slack diminished and inflation expectations remained stable.
[2002-01-01] the annual growth in the official ons measure of unit wage costs had fallen by 0.3 percentage points to 3.3%.
[2002-01-01] the twelve-month growth rate of ofcs’ m4 lending (excluding the effects of securitisations) had fallen to 3.5% in february, from 5.7% in january.
[2002-01-01] a51 economists polled by reuters between 29 and 31 october had attached mean probabilities of 55% to no change in the bank’s repo rate, 43% to a decrease of 25 basis points and 2% to a decrease of 50
[2002-01-01] the implications of this for global demand and inflation would depend on monetary and fiscal policy responses in the united states and elsewhere.
[2002-01-01] Other economies, such as Argentina and Hong Kong, have fixed their exchange rates essentially through currency boards.
[2002-01-01] These participants concluded that the Committee should wait to take another step in removing accommodation until the data on economic activity provided a greater level of confidence that economic grow
[2002-01-01] the available information on economic activity abroad in the third quarter indicated that economic expansion remained moderate in the united kingdom and sluggish in the euro area.
[2002-01-01] For 1997 the Committee agreed on a tentative basis to set the same ranges as in 1996 for growth of the monetary aggregages and debt, measured from the fourth quarter of 1996 to the fourth quarter of 1
[2002-01-01] recent statistics supported by widespread anecdotal reports pointed to persisting strength in housing activity, though there were indications of softness in high-priced homes in at least some parts of
[2002-01-01] The Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output.
[2002-01-01] Of course, the basic problem in tackling the inflation of the 1970s is that we have one observation and many competing theories.
[2002-01-01] the monthly step-up in exports was also broadly spread across categories of goods.
[2002-01-01] These members indicated that the economic outlook remained positive and that they anticipated, under an unchanged policy stance, continued strong labor market conditions and solid growth in activity,
[2002-01-01] by contrast, the dollar rose slightly on average in terms of an index of the currencies of other important trading partners, notably the currencies of several latin american countries that were experi
[2002-01-01] While liquid deposits continued to grow slowly, heightened demand for safety and liquidity appeared to boost holdings of retail money market mutual funds.
[2002-01-01] Of course, the cost of this critical stabilization was the high unemployment and lost output associated with the sharp 1981-82 recession.
[2002-01-01] in the multifamily sector, starts plunged in october to the slowest pace in almost six years.
[2002-01-01] Many observed, however, that a favorable outcome to the hostilities in the Middle East and lower oil prices in line with quotations in futures markets should generate a positive response in equity mar
[2002-01-01] An environment involving such interest rates could have adverse repercussions on the functioning of some sectors of the money market, but the members agreed that the potential extent of such disruptio
[2002-01-01] Stock prices in the basic materials and industrial sectors underperformed the broader market, reportedly reflecting an increase in trade tensions with China.
[2002-01-01] Following these swings, inflation was expected to finish the year at just below 2 percent.
[2002-01-01] further gains in productivity and the prospect for relatively contained demand pressures on resources, which were likely to be somewhat more limited for a time than members had anticipated earlier, wo
[2002-01-01] Many participants noted that they expected household spending to be a primary contributor to economic growth going forward.
[2002-01-01] growth in total pay per employee in 2002 compared with 2001 had been expected to be higher by 28% of the respondents, while 34% had expected it to be lower.
[2002-01-01] industrial production decreased slightly further in september, and available weekly information pointed to another reduction in output in october.
[2002-01-01] headline earnings growth in the private sector had increased by 0.7 percentage points, to 3.8%.
[2002-01-01] Fiscal policy was expected to be somewhat less expansionary next year, though still an important contributor to economic growth.
[2002-01-01] rates implied by the contract for september 2002 had fallen by 36 basis points and those implied by the contract for september 2003 had fallen by 60 basis points.
[2002-01-01] the civilian unemployment rate fell to 5.7 percent in august despite advances in claims for unemployment insurance.