yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2011-01-01] total cpi inflation is being boosted temporarily by the effects of provincial indirect taxes, but is expected to converge to the 2 per cent target by the end of 2012.
[2011-01-01] with longer-run inflation expectations stable and significant slack anticipated to persist in labor and product markets, the staff continued to expect prices to rise at a subdued pace in 2012 and 2013
[2011-01-01] And obviously there are benefits from a strong economy to every household in the economy, including savers, from having a better job market and a more secure economy.
[2011-01-01] In conjunction with the FOMC meeting in April, all meeting participants (Federal Reserve Board members and Reserve Bank presidents) provided annual projections for economic growth, the unemployment ra
[2011-01-01] participants generally agreed that sluggish job growth and the elevated unemployment rate reflected both weak demand for goods and services and a mismatch between the characteristics of the unemployed
[2011-01-01] for many emerging market economies, the recent slowing in growth of economic activity was most evident in exports, industrial production, and other indicators of manufacturing activity.
[2011-01-01] based on the above discussion, members shared the view that uncertainty regarding the possible effects of the disaster on japan's economy was extremely high, and it was necessary to continue to closel
[2011-01-01] the cgpi was expected to remain more or less flat for the time being.
[2011-01-01] members noted that financial markets had been significantly more volatile over the past month in the wake of developments in japan, libya and europe.
[2011-01-01] specifically, those members supported a program under which the committee would announce its intention to purchase, by the end of june 2012, $400 billion of treasury securities with remaining maturiti
[2011-01-01] In any event, it was clear that forecasts in recent years typically had overstated the rise in inflation, and a great deal of uncertainty surrounded the extent to which productivity gains and other fa
[2011-01-01] if stress in financial markets persisted, it also had the potential to constrain banks’ ability to raise as much term funding as they desired.
[2011-01-01] And—but inflation expectations did not move strongly down here in the United States.
[2011-01-01] nevertheless, some members expressed the view that, even though the probability of the economy returning to a moderate recovery path had increased, subsequent economic developments remained uncertain.
[2011-01-01] several others indicated that they did not anticipate making adjustments to the program before its intended completion.
[2011-01-01] some members noted that the pace of recovery in the euro area economy was likely to remain moderate, considering that fiscal consolidation measures in each euro area country were likely to weigh on th
[2011-01-01] the projection for total cpi inflation has also been revised down, reflecting the recent reversal of earlier sharp increases in world energy prices as well as modestly weaker core inflation.
[2011-01-01] activity in the commercial real estate sector continued to be weak.
[2011-01-01] private consumption continued to increase against the background of a moderate recovery in the employment situation; nevertheless, in a situation where balance-sheet adjustments continued to weigh on
[2011-01-01] consistent with this, growth in household credit had remained well below the average rate of recent years, and housing loan approvals had fallen in january and february.
[2011-01-01] the bank continues to expect that the economy will return to full capacity by the end of 2012.
[2011-01-01] it would also implement in a full-fledged manner the comprehensive package responding to the yen appreciation, recently decided by the cabinet, and thereby preemptively respond to the downside risks t
[2011-01-01] the three main upside risks to inflation in canada relate to the possibility of higher-than-projected commodity prices and global inflation, stronger momentum in canadian household spending, and the p
[2011-01-01] late in the period, investor focus appeared to turn to the u.s. debt ceiling and the potential for delayed debt service payments by the treasury department, the possibility of a downgrade of u.s. sove
[2011-01-01] it was again noted that the cyclical impetus to economic expansion appeared to be weaker than in past recoveries, but that the reasons for the weakness were unclear, contributing to greater uncertaint
[2011-01-01] following the ecb’s extension of its securities market programme to the purchase of italian and spanish bonds, yields had initially fallen back to around 5%, but they had subsequently risen a little.
[2011-01-01] Broad equity price indexes decreased slightly, on net, as substantial early gains arising from investors' improved perceptions about the inflation outlook and better-than-feared second-quarter earning
[2011-01-01] it expected the bank to continue taking decisive monetary policy actions while considering the effects of the disaster on the economy and markets, as well as the progress of rebuilding.
[2011-01-01] A couple of participants pointed to the decline in credit spreads to relatively low levels by historical standards; one of these participants noted the risk of either a sharp rise in spreads, which co
[2011-01-01] But again, in terms of terminology, I guess I would reject that term for the Federal Reserve because we are going to be evenhanded in treating the price stability and maximum employment parts of our m
[2011-01-01] the outlook for the canadian economy has weakened since july, with the significantly less favourable external environment affecting canada through financial, confidence and trade channels.
[2011-01-01] in addition, retail investors evidently placed redemptions from equity and bond mutual funds into bank deposits and retail money market funds.
[2011-01-01] Participants marked up their inflation projections, as they assessed that supply constraints in product and labor markets were larger and likely to be longer lasting than previously anticipated.
[2011-01-01] credit spreads between cp at issuance and t-bills as well as yield spreads between corporate bonds and jgbs remained stable at low levels.
[2011-01-01] the people's bank of china raised its policy interest rate by 25 basis points late in december and had also increased the reserve ratios of banks twice over the past two months.
[2011-01-01] after declining sharply following the earthquake, production and exports continued to increase with the easing of supply-side constraints.
[2011-01-01] a few members noted that the effects of the sovereign debt problems in europe were observed in some emerging and commodity-exporting economies not only through international trade but also through eur
[2011-01-01] in contrast, business investment will likely continue to rebound strongly, owing to stimulative financial conditions and competitive imperatives.
[2011-01-01] underlying inflationary pressures remain subdued, reflecting the considerable slack in the canadian economy.
[2011-01-01] they were expected to continue increasing as supply-side constraints eased further, against the background of the improvement in overseas economic conditions.
[2011-01-01] on the upside, commodity prices and global inflation could rise faster than anticipated and there could be stronger-than-expected momentum in household expenditures.
[2011-01-01] core inflation is projected to edge gradually up to 2 per cent by the end of 2012, as excess supply in the economy is slowly absorbed.
[2011-01-01] voting for this action: ben bernanke, william c. dudley, elizabeth duke, richard w. fisher, narayana kocherlakota, charles i. plosser, sarah bloom raskin, daniel k. tarullo, and janet l. yellen.
[2011-01-01] nevertheless, regarding the outlook, they shared the view that exports were likely to increase moderately again, as the growth rate of the global economy was starting to increase again and inventory a
[2011-01-01] with inflation rates in the region trending higher, the authorities were gradually removing monetary stimulus.
[2011-01-01] in relation to this, a few other members commented that, since european financial institutions were currently reducing their assets only at a moderate pace, other financial institutions were able to p
[2011-01-01] a few members, however, said that domestic car sales had recovered somewhat at the 2010 year-end, and the effects of the reverse following the sharp increase in demand were gradually becoming less pro
[2011-01-01] net exports remain weak, reflecting modest u.s. demand and ongoing competitiveness challenges, particularly the persistent strength of the canadian dollar.
[2011-01-01] while underlying inflation is subdued, a number of temporary factors will boost total cpi inflation to around 3 per cent in the second quarter of 2011 before total cpi inflation converges to the 2 per
[2011-01-01] Participants generally expected that household demand would gradually strengthen over coming quarters in response to the rise in household wealth from the substantial increase in equity prices that ha
[2011-01-01] book-value inventory-to-sales ratios in april were similar to their pre-recession norms, and survey data also suggested that inventory positions generally remained in a comfortable range.
[2011-01-01] however, many members expressed the view that, due partly to the effects of fiscal austerity, severe conditions continued in some peripheral countries that were facing fiscal problems, and disparities
[2011-01-01] and it was possible that they presaged a more sustained period of weak spending growth, perhaps as the impacts of the fiscal consolidation and near-term above-target inflation on household finances be
[2011-01-01] nevertheless,_ the committee continued to expect inflation to fall back thereafter as the temporary impact of various factors waned, and the margin of spare capacity in the economy continued to dampen
[2011-01-01] the effect of prior changes in the foreign exchange value of the dollar on core consumer prices had apparently been limited.
[2011-01-01] In considering the statement to be released following this meeting, members concurred that it should note that even with the rise in oil prices, the expansion remained firm and labor markets continued
[2011-01-01] concerns about the possibility of a restructuring of greek government debt drove spreads of yields on the sovereign debts of greece, ireland, and portugal to record highs relative to yields on german
[2011-01-01] some modest year-end pressures were observed in repurchase agreement markets, but they dissipated by early january.
[2011-01-01] many members expressed the view that the scenario presented in the april 2011 outlook report -- that the economy would return to a moderate recovery path from the second half of fiscal 2011 -- remaine
[2011-01-01] many members pointed to the following as the background to this view: (1) the rate of increase in exports slowed to the extent that it had become more or less flat due to the deceleration in the pace
[2011-01-01] nonetheless, recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated.
[2011-01-01] many members expressed the view that the year-on-year rate of change in the cpi would probably be at around 0 percent, potentially falling into slightly negative territory, for the time being.
[2011-01-01] members noted that european governments were still looking to craft a full response to their financial problems and that tighter fiscal policy was contributing to weaker near-term growth prospects.
[2011-01-01] june quarter gdp outcomes for other countries in the region were generally soft, although domestic demand had continued to grow solidly.
[2011-01-01] housing credit growth had slowed further and the rate of credit card debt repayment had picked up.
[2011-01-01] members agreed that the year-on-year rate of change in the cpi (excluding fresh food) had been in line with the forecast presented in the april 2011 outlook report and was likely to remain slightly po
[2011-01-01] this had prompted the imposition of further capital controls and continued foreign exchange intervention by authorities in some economies.
[2011-01-26] Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant
[2011-01-26] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, January 25, 2011, at 1:00 p.m. and continued on Wednesday, January 26,
[2011-03-15] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, March 15, 2011, at 8:30 a.m. PRESENT: Ben Bernanke, Chairman William C
[2011-03-15] Information received since the Federal Open Market Committee met in January suggests that the economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improvin
[2011-04-27] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, April 2
[2011-04-27] Information received since the Federal Open Market Committee met in March indicates that the economic recovery is proceeding at a moderate pace and overall conditions in the labor market are improving
[2011-06-22] Information received since the Federal Open Market Committee met in April indicates that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had expe
[2011-06-22] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, June 21
[2011-08-09] Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators sugges
[2011-08-09] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, August
[2011-09-21] Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow. Recent indicators point to continuing weakness in overall labor market condition
[2011-09-21] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, Septemb
[2011-11-02] Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary
[2011-11-02] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, Novembe
[2011-12-13] Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indi
[2011-12-13] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, Decembe
[2012-01-01] the government was of the view that the bank's measures proposed at this meeting aimed to steadily increase the amount outstanding of the program.
[2012-01-01] the three-year long-term repo operation by the ecb on 21 december 2011 had improved market sentiment and a number of banks had been able to issue public unsecured term debt.
[2012-01-01] gilt-ois spreads had continued to decline, particularly at maturities of less than ten years.
[2012-01-01] strains in global financial markets continued to pose significant downside risks to economic activity.
[2012-01-01] this might lead them to be less willing to invest in gaining market share by keeping prices low, as they would have less recourse to external sources of funds should they run into cash-flow difficulti
[2012-01-01] in early november, market concerns about the fiscal outlook and ongoing federal budget negotiations seemed to intensify, prompting a notable reduction in equity prices and yields on treasury securitie
[2012-01-01] Looking ahead, FOMC participants project the unemployment rate to continue to decline; the median projection is 5 percent at the end of next year and moves below 4 percent by 2023.
[2012-01-01] The recent lower readings on inflation have been driven significantly by what appear to be one-off reductions in certain categories of prices, such as wireless telephone services and prescription drug
[2012-01-01] Consumer price inflation, as measured by the 12-month percentage change in the price index for personal consumption expenditures (PCE), was below 2 percent in July.
[2012-01-01] there was a risk that inflation would fall less rapidly in the near term than the committee had anticipated in its february inflation report central projection.
[2012-01-01] they agreed that it would be appropriate for the bank to reduce the maximum amount outstanding of the fixed-rate operation by about 5 trillion yen and instead increase outright purchases of t-bills as
[2012-01-01] (3) third, it would be appropriate for the bank to integrate loan durations -- which were currently 3 months or 6 months -- into within 6 months under the fixed-rate operation, in order to respond fle
[2012-01-01] the committee anticipates that inflation over the medium term will run at or below the rate that it judges most consistent with its dual mandate.
[2012-01-01] and, despite recent policy initiatives, there was still a possibility that this process would involve a disorderly adjustment, resulting in sharply lower output in the euro area.
[2012-01-01] this, together with the €490 billion provided in its first liquidity operation, left european banks well positioned to fund their bond maturities for at least the first half of this year.
[2012-01-01] as a result, financial conditions generally eased appreciably early in the intermeeting period.
[2012-01-01] it was expected to remain firm as the employment situation gradually headed toward improvement.
[2012-01-01] they agreed that it would be appropriate for the bank to substantially increase the total size of the program, by about 10 trillion yen, from about 70 trillion yen to about 80 trillion yen.
[2012-01-01] a few members, however, said that it was necessary to pay attention to whether private consumption would be dampened by the following factors: (1) the budget allocated for subsidies for purchasers of
[2012-01-01] employment in july continued to expand at around the same pace as that of the working-age population and the unemployment rate had remained steady at 5¼ per cent.
[2012-01-01] however, the effects of these factors were offset to some extent by actual and expected easing of monetary policy in the united states and abroad and by better-than-anticipated profits at some s&p 500
[2012-01-01] as for the outlook, they continued that the growth rates of these economies would increase as the virtuous circle of production, income, and spending was likely to gradually strengthen.
[2012-01-01] The members viewed the outlook for core price inflation as still quite benign, largely reflecting the ample availability of labor and other producer resources to accommodate rising economic activity a
[2012-01-01] the global economy has unfolded broadly as the bank projected in its july mpr.
[2012-01-01] She showed there some so-called optimal policy rules that come from trying to get the best possible outcomes from our quantitative econometric models, and what you see, if you look at that, is that th
[2012-01-01] some members expressed the view that the undersubscription that had recently occurred in the bank's outright purchases of corporate bonds and t-bills under the program, as well as a decline in the bid
[2012-01-01] both total and core inflation are expected to moderate in 2012 before reaching 2 per cent by the third quarter of 2013, as excess supply is slowly absorbed, labour compensation grows modestly and infl
[2012-01-01] the contribution of goods prices to twelve-month cpi inflation had fallen back only marginally in february.
[2012-01-01] (2) the japanese economy was on the way to recovery at a moderate pace.
[2012-01-01] recent data suggested that growth had probably slowed a little from that reported for the first quarter to be around trend pace.
[2012-01-01] Inflation has continued to run below our longer-run objective, in part reflecting lower energy prices.
[2012-01-01] a number of factors continued to be seen as likely to limit the economic expansion to a moderate pace in the near term; these included slow growth or even contraction in some major foreign economies,
[2012-01-01] the recovery in net exports is likely to remain weak in light of modest external demand and ongoing competitiveness challenges, including the persistent strength of the canadian dollar.
[2012-01-01] economic activity in emerging-market economies is expected to moderate to a still-robust pace over the projection horizon, supported by an easing of macroeconomic policies.
[2012-01-01] Reinforcing this outlook was recent evidence of somewhat faster than anticipated productivity growth, the prospect that world economic conditions would hold down energy prices, and a sharp drop in nea
[2012-01-01] some members commented that it was important for the bank to be well prepared to take policy actions -- including measures to stabilize the financial system -- as the central bank, bearing in mind the
[2012-01-01] Over the medium term, participants expected strong growth in employment, driven by continued progress on vaccinations and an associated rebound of economic activity and of consumer and business confid
[2012-01-01] measured gdp could be expected to rise sharply in the third quarter as the diamond jubilee effect unwound, alongside a possible small boost from the olympics.
[2012-01-01] The problem with the current situation is that, that if you have a sustained period of supply shocks, those can actually start to undermine or to work—to work on de-anchoring inflation expectations.
[2012-01-01] commodity prices remain elevated owing to improved global economic prospects, supply disruptions and geopolitical risks.
[2012-01-01] recent indicators had suggested a pause in the recovery in japan.
[2012-01-01] moreover, the improvement was particularly pronounced for loans at loan to value ratios (ltvs) over 75%.
[2012-01-01] after declining in july, the value of retail sales rose in august and september, but was unchanged in october.
[2012-01-01] household spending has continued to advance, but growth in business fixed investment appears to have slowed.
[2012-01-01] against the background of improvement in consumer sentiment, private consumption had been increasing moderately due to the effects of measures to stimulate demand for automobiles.
[2012-01-01] looking ahead, the forecast for gdp still anticipated mining investment making a significant contribution to growth in the coming quarters, with non-resource investment remaining weak, some possibilit
[2012-01-01] this had been most evident for spain and italy, where yields on government bonds had risen significantly as foreign investors reduced their exposures by not rolling over maturing debt and selling debt
[2012-01-01] the bank estimates that the canadian economy grew by 2.4 per cent in 2011 and projects that it will grow by 2.0 per cent in 2012 and 2.8 per cent in 2013.
[2012-01-01] The monitoring range for growth of total domestic nonfinancial debt was set at 3 to 7 percent for the year.