yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2023-02-01] Overall, credit quality remained strong, al­though there was some deterioration for credit card and auto loan borrowers and some predictors of future credit quality worsened a bit further. The volume
[2023-02-01] Measures of nominal wage growth slowed at the end of last year but continued to be elevated. The three-month change in the employment cost index (ECI) of hourly compensation in the private sector slow
[2023-02-01] "Effective February 2, 2023, the Federal Open Market Committee directs the Desk to:
[2023-02-01] Stephanie E. Curcuru, Deputy Director, Division of International Finance, Board
[2023-02-01] Michelle M. Neal, Head of Markets, Federal Reserve Bank of New York
[2023-02-01] Chiara Scotti, Deputy Associate Director, Division of Financial Stability, Board
[2023-02-01] Anna Kovner, Director of Financial Stability Policy Research, Federal Reserve Bank of New York
[2023-02-01] Developments in Financial Markets and Open Market Operations The manager pro tem turned first to a review of U.S. financial market developments. Market participants generally expected U.S. economic gr
[2023-02-01] Michael T. Kiley, Deputy Director, Division of Financial Stability, Board
[2023-02-01] Staff Review of the Economic Situation The information available at the time of the January 31­–February 1 meeting indicated that labor market conditions remained tight in December, with the unemploym
[2023-02-01] The manager noted that, over coming months, developments affecting the Treasury General Account (TGA) and Treasury financing could influence money market conditions. An increase in TGA balances associ
[2023-02-01] Giovanni Olivei, Senior Vice President, Federal Reserve Bank of Boston
[2023-02-01] Rebecca Zarutskie, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] The credit quality of households also remained strong, on balance, despite some signs of deterioration. Delinquencies for Federal Housing Administration mortgages increased slightly, but overall mortg
[2023-02-01] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2023-02-01] 3. Committee organizational documents are available at www.federalreserve.gov/monetarypolicy/rules_authorizations.htm. Return to text
[2023-02-01] Clara Vega, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] Participants observed that financial conditions remained much tighter than in early 2022. However, several participants observed that some measures of financial conditions had eased over the past few
[2023-02-01] 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
[2023-02-01] Over the intermeeting period, investor perceptions of an improved economic outlook in China and Europe contributed to increases in foreign risky asset prices and weighed on the exchange value of the d
[2023-02-01] Sylvain Leduc, Director of Research, Federal Reserve Bank of San Francisco
[2023-02-01] Jose Acosta, Senior Communications Analyst, Division of Information Technology, Board
[2023-02-01] Jonathan Willis, Vice President and Senior Economist, Federal Reserve Bank of Atlanta
[2023-02-01] Participants observed that the uncertainty associated with their outlooks for economic activity, the labor market, and inflation was high. Regarding upside risks to inflation, participants cited a var
[2023-02-01] 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
[2023-02-01] Total nonfarm payroll employment increased solidly in December, al­though at a slower pace than in the previous two months. The unemployment rate moved back down to 3.5 percent in December. The unempl
[2023-02-01] Nellisha D. Ramdass, Deputy Director, Division of Monetary Affairs, Board
[2023-02-01] Alyssa Arute,2 Manager, Division of Reserve Bank Operations and Payment Systems, Board
[2023-02-01] Participants discussed the heightened uncertainty regarding the economic outlook and a number of factors that could affect inflation and real economic activity. Participants generally noted that the C
[2023-02-01] Voting for this action: Jerome H. Powell, John C. Williams, Michael S. Barr, Michelle W. Bowman, Lael Brainard, Lisa D. Cook, Austan D. Goolsbee, Patrick Harker, Philip N. Jefferson, Neel Kashkari, Lo
[2023-02-01] 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
[2023-02-01] Penelope A. Beattie, Section Chief, Office of the Secretary, Board
[2023-02-01] Kathryn B. Chen, Director of Cross Portfolio Policy & Analysis, Federal Reserve Bank of New York
[2023-02-22] The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Re
[2023-02-22] For media inquiries, e-mail [email protected] or call 202-452-2955.
[2023-02-22] Minutes of the Federal Open Market Committee January 31–February 1, 2023: HTML | PDF
[2023-02-22] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2023-02-22] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 31–February 1, 2023.
[2023-02-28] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from January 23 and February 1, 2023.
[2023-02-28] For media inquiries, call 202-452-2955 or e-mail [email protected].
[2023-03-12] The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriat
[2023-03-12] The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient.
[2023-03-12] The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions,
[2023-03-12] For media inquiries, please email [email protected] or call 202-452-2955.
[2023-03-12] The Federal Reserve is prepared to address any liquidity pressures that may arise.
[2023-03-12] Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same marg
[2023-03-12] With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does
[2023-03-12] After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved
[2023-03-12] To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the
[2023-03-19] The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provisi
[2023-03-19] For media inquiries, please email [email protected] or call 202-452-2955
[2023-03-19] To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operation
[2023-03-19] The network of swap lines among these central banks is a set of available standing facilities and serve as an important liquidity backstop to ease strains in global funding markets, thereby helping to
[2023-03-22] Recent Developments in the Banking Sector Before turning to other agenda items, the Chair asked the Vice Chair for Supervision to provide an update on recent developments in the banking sector. The Vi
[2023-03-22] 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
[2023-03-22] Michael S. Gibson, Director, Division of Supervision and Regulation, Board
[2023-03-22] The manager turned next to a discussion of operations and money markets. Federal funds volumes fell sharply for a few days late in the period as Federal Home Loan Banks (FHLBs) sought to maintain liqu
[2023-03-22] Joseph W. Gruber, Executive Vice President, Federal Reserve Bank of Kansas City
[2023-03-22] Kelly J. Dubbert, Interim President of the Federal Reserve Bank of Kansas City
[2023-03-22] James Bullard and Susan M. Collins, Presidents of the Federal Reserve Banks of St. Louis and Boston, respectively
[2023-03-22] Rebecca Zarutskie, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] Daniel O. Beltran, Deputy Associate Director, Division of International Finance, Board
[2023-03-22] Jeffrey D. Walker,5 Associate Director, Division of Reserve Bank Operations and Payment Systems, Board
[2023-03-22] 3. Attended through the discussion of the economic and financial situation. Return to text
[2023-03-22] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal
[2023-03-22] For media inquiries, please email [email protected] or call 202-452-2955.
[2023-03-22] Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board
[2023-03-22] Members agreed that the Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, members agreed to raise the target range fo
[2023-03-22] "Effective March 23, 2023, the Federal Open Market Committee directs the Desk to:
[2023-03-22] Yannick Timmer, Senior Economist, Division of Monetary Affairs, Board
[2023-03-22] Participants observed that the actions taken by the Federal Reserve in coordination with other government agencies in the days preceding the meeting had served to calm conditions in the banking sector
[2023-03-22] Committee Policy Actions In their discussion of monetary policy for this meeting, members agreed that recent indicators pointed to modest growth in spending and production. They also concurred that jo
[2023-03-22] Matthew J. Eichner,5 Director, Division of Reserve Bank Operations and Payment Systems, Board
[2023-03-22] 4. Attended from the discussion of the economic and financial situation through the end of Wednesday's session. Return to text
[2023-03-22] Jane E. Ihrig, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] Participants generally observed that the recent developments in the banking sector had further increased the already-high level of uncertainty associated with their outlooks for economic activity, the
[2023-03-22] Recent indicators of nominal wage growth had slowed but continued to be elevated. In February, the 3-month change in average hourly earnings for all employees was at an annual rate of 3.6 percent, slo
[2023-03-22] Spencer Krane, Senior Vice President, Federal Reserve Bank of Chicago
[2023-03-22] Laura Lipscomb, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] Fernando M. Martin, Assistant Vice President, Federal Reserve Bank of St. Louis
[2023-03-22] Borrowing from the new Bank Term Funding Program had been small relative to discount window borrowing, which had increased to record levels. Use of the overnight reverse repurchase agreement (ON RRP)
[2023-03-22] Pricing in financial markets changed notably in the latter part of the intermeeting period, amid developments in the banking sector. Treasury yields and policy rate expectations moved down significant
[2023-03-22] Staff Review of the Economic Situation The information available at the time of the March 21–22 meeting indicated that labor market conditions remained tight in January and February, with robust job g
[2023-03-22] Paul Lengermann, Assistant Director, Division of Research and Statistics, Board
[2023-03-22] Indicators suggested that foreign economic growth rebounded in the first quarter of 2023 as China reopened rapidly from its COVID-19-related shutdowns and Europe's economy proved to be resilient to th
[2023-03-22] Based on data that do not cover the period following the closures of Silicon Valley Bank and Signature Bank, nonprice terms and standards appeared to tighten somewhat in a number of markets. Neverthel
[2023-03-22] 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
[2023-03-22] "Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace; the unemployment rate has remained low. Inflation rema
[2023-03-22] In assessing the economic outlook, participants noted that since they met in February, data on inflation, employment, and economic activity generally came in stronger than expected. They also noted, h
[2023-03-22] Nitish Ranjan Sinha, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] Shaghil Ahmed,4 Roc Armenter, James A. Clouse, Brian M. Doyle, Andrea Raffo, Chiara Scotti, and William Wascher, Associate Economists
[2023-03-22] With inflation still well above the Committee's longer-run goal of 2 percent, participants agreed that inflation was unacceptably high. Participants commented that recent inflation data indicated slow
[2023-03-22] Francesca Loria, Senior Economist, Division of Monetary Affairs, Board
[2023-03-22] Thomas I. Barkin, Raphael W. Bostic, Mary C. Daly, Loretta J. Mester, and Sushmita Shukla,2 Alternate Members of the Committee
[2023-03-22] Clara Vega, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] The effective federal funds rate was little changed after the closures of Silicon Valley Bank and Signature Bank. Amid these developments, federal funds volumes initially declined sharply as the FHLBs
[2023-03-22] 5. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2023-03-22] Giovanni Nicolò, Senior Economist, Division of Monetary Affairs, Board
[2023-03-22] Participants emphasized a number of risk-management considerations related to the conduct of monetary policy. Some participants observed that downside risks to growth and upside risks to unemployment
[2023-03-22] Achilles Sangster II, Senior Information Manager, Division of Monetary Affairs, Board
[2023-03-22] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2023-03-22] Jon Faust, Senior Special Adviser to the Chair, Division of Board Members, Board
[2023-03-22] At the conclusion of the discussion, the Committee voted to direct the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Account in accord
[2023-03-22] Paul R. Wood, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] Thomas Mertens, Vice President, Federal Reserve Bank of San Francisco
[2023-03-22] Regarding the outlook for monetary policy, market-based measures of policy expectations suggested that the federal funds rate would reach a peak in May 2023 and that the target range would then move l
[2023-03-22] Todd E. Clark, Senior Vice President, Federal Reserve Bank of Cleveland
[2023-03-22] Glenn Follette, Associate Director, Division of Research and Statistics, Board
[2023-03-22] 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. They would be prepared to
[2023-03-22] Late in the intermeeting period, U.S. bank stock prices declined notably. Regional banks with unusually large reliance on uninsured deposits and holdings of securities with significant unrealized mark
[2023-03-22] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker; Philip N. Jeffe
[2023-03-22] In light of the highly uncertain economic outlook, participants underscored the importance of closely monitoring incoming information and assessing the implications for future monetary policy decision
[2023-03-22] Participants agreed that the actions taken so far by the Federal Reserve in coordination with other government agencies, as well as actions taken by foreign authorities to address banking and financia
[2023-03-22] In their consideration of appropriate monetary policy actions at this meeting, participants concurred that inflation remained well above the Committee's longer-run goal of 2 percent and that the recen
[2023-03-22] Marcel A. Priebsch, Principal Economist, Division of Monetary Affairs, Board
[2023-03-22] Michael G. Palumbo, Senior Associate Director, Division of Research and Statistics, Board
[2023-03-22] Developments in Financial Markets and Open Market Operations The manager turned first to a review of U.S. financial market developments over the intermeeting period. Early in the period, firmer-than-e
[2023-03-22] 6. In taking this action, the Board approved requests to establish that rate submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Richmond, Atlanta, Kan
[2023-03-22] Consumer price inflation remained elevated early in the year. Total PCE price inflation was 5.4 percent over the 12 months ending in January, and core PCE price inflation—which excludes changes in con
[2023-03-22] The nominal U.S. international trade deficit registered a record high in 2022. The trade deficit had been narrowing since March of last year but resumed widening in December and January. Real goods im
[2023-03-22] On a four-quarter change basis, total PCE price inflation was forecast to be 2.8 percent this year, with core inflation at 3.5 percent. Core goods inflation was projected to move down further this yea
[2023-03-22] Financial conditions tightened considerably over the intermeeting period as a whole. Market contacts observed that the recent developments in the banking system will likely result in a pullback in ban
[2023-03-22] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, participants submitted their projections of the most likely outcomes for real GDP growth, the
[2023-03-22] In their discussion of current economic conditions, participants noted that recent indicators pointed to modest growth in spending and production. At the same time, though, participants noted that job
[2023-03-22] Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board
[2023-03-22] Staff Review of the Financial Situation Over the first several weeks of the intermeeting period, incoming economic data and FOMC communications appeared to refocus market participants on upside risks
[2023-03-22] Participants agreed that the labor market remained very tight. Job gains had picked up to a robust pace in January and February, and the unemployment rate remained low. Participants noted some signs o
[2023-03-22] Some participants noted that given persistently high inflation and the strength of the recent economic data, they would have considered a 50 basis point increase in the target range to have been appro
[2023-03-22] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, May 2–3, 2023. The meeting adjourned at 10:15 a.m. on March 22, 2023.
[2023-03-22] 2. Elected as an Alternate by the Federal Reserve Bank of New York, effective March 2, 2023. Return to text
[2023-03-22] Andrew Figura, Associate Director, Division of Research and Statistics, Board
[2023-03-22] 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
[2023-03-22] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2023-03-22] U.S. unsecured funding markets showed some signs of pressure later in the intermeeting period. Issuance of commercial paper (CP) and negotiable certificates of deposit (NCDs) dropped a touch over the
[2023-03-22] Voting for this action: Jerome H. Powell, John C. Williams, Michael S. Barr, Michelle W. Bowman, Lisa D. Cook, Austan D. Goolsbee, Patrick Harker, Philip N. Jefferson, Neel Kashkari, Lorie K. Logan, a
[2023-03-22] Over the intermeeting period, foreign financial markets were volatile as investors' focus shifted from resilience in economic activity and stubbornly high core inflation across advanced economies earl
[2023-03-22] Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace; the unemployment rate has remained low. Inflation remai
[2023-03-22] Ozge Akinci Emekli, Economic Research Advisor, Federal Reserve Bank of New York
[2023-03-22] David López-Salido, Senior Associate Director, Division of Monetary Affairs, Board
[2023-03-22] Andreas Lehnert, Director, Division of Financial Stability, Board
[2023-03-22] Staff Economic Outlook For some time, the forecast for the U.S. economy prepared by the staff had featured subdued real GDP growth for this year and some softening in the labor market. Given their ass
[2023-03-22] Joshua Gallin, Secretary Matthew M. Luecke, Deputy Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Richard Ostrander, Deputy
[2023-03-22] The staff judged that the uncertainty around the baseline projection was much greater than at the time of the previous forecast. In particular, the staff viewed the risks around the baseline projectio
[2023-03-22] In their discussion of the household sector, participants noted that incoming data on real consumer expenditures showed a pickup in spending in January and February. They attributed the pickup to stro
[2023-03-22] Burcu Duygan-Bump, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] Borrowing costs for businesses, households, and municipalities rose notably in the early part of the intermeeting period, mostly in line with increases in the federal funds rate and Treasury yields. S
[2023-03-22] Jose Acosta, Senior Communications Analyst, Division of Information Technology, Board
[2023-03-22] Kurt F. Lewis, Special Adviser to the Board, Division of Board Members, Board
[2023-03-22] 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
[2023-03-22] Total nonfarm payroll employment increased at a faster monthly pace in January and February than in the fourth quarter of last year. The unemployment rate was little changed and stood at 3.6 percent i
[2023-03-22] Regarding the business sector, participants observed that growth in business fixed investment was being restrained by tighter financial conditions that reflected cumulative policy firming to date. Par
[2023-03-22] In discussing the policy outlook, participants observed that inflation remained much too high and that the labor market remained tight; as a result, they anticipated that some additional policy firmin
[2023-03-22] Annette Vissing-Jørgensen, Senior Adviser, Division of Monetary Affairs, Board
[2023-03-22] Min Wei, Senior Associate Director, Division of Monetary Affairs, Board