yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2018-06-13] Jeffrey D. Walker,3 Deputy Associate Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Min Wei, Deputy Associate Director, Division of Monetary Affairs, Board of G
[2018-06-13] Staff Review of the Economic Situation The information reviewed for the June 12-13 meeting indicated that labor market conditions continued to strengthen in recent months, and that real gross domestic
[2018-06-13] Total U.S. consumer prices, as measured by the PCE price index, increased 2.0 percent over the 12 months ending in April. Core PCE price inflation, which excludes changes in consumer food and energy p
[2018-06-13] Penelope A. Beattie,2 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2018-06-13] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-06-13] Participants commented on a number of risks and uncertainties associated with their outlook for economic activity, the labor market, and inflation over the medium term. Most participants noted that un
[2018-06-13] John J. Stevens and Stacey Tevlin, Associate Directors, Division of Research and Statistics, Board of Governors
[2018-06-13] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2018-06-13] Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2018-06-13] Participants noted that the 12-month changes in both overall and core PCE prices had recently moved close to 2 percent. The recent large increases in consumer energy prices had pushed up total PCE pri
[2018-06-13] Broad U.S. equity price indexes increased about 5 percent, on net, since the May FOMC meeting, boosted in part by the stronger-than-expected May Employment Situation report. Stock prices also appeared
[2018-06-13] Nominal federal government spending data for April and May pointed to an increase in real federal purchases in the second quarter. Real state and local government purchases also appeared to be moving
[2018-06-13] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors voted unanimously to raise the interest rates on required and excess reserve balances t
[2018-06-13] Incoming data suggested that foreign economic activity continued to expand at a solid pace. Real GDP growth picked up in the first quarter in several EMEs--including Mexico, China, and much of emergin
[2018-06-14] The Federal Reserve Board has approved action on Thursday by the Board of Directors of the Federal Reserve Bank of New York, increasing the discount rate (the primary credit rate) at the Bank from 2-1
[2018-07-05] 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
[2018-07-05] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2018-07-05] The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on June 12-13, 2018. A summary of economic projections made by F
[2018-07-05] Minutes of the Federal Open Market Committee June 12-13, 2018: HTML | PDF
[2018-07-10] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from June 4 and June 13, 2018.
[2018-08-01] John J. Stevens, Associate Director, Division of Research and Statistics, Board of Governors
[2018-08-01] Concerns about international trade disputes led to a slight decline in sentiment toward some domestic risky assets early in the period, but sentiment was buoyed later by positive corporate earnings re
[2018-08-01] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum emp
[2018-08-01] James Bullard, Charles L. Evans, Esther L. George, Eric Rosengren, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2018-08-01] Participants generally characterized inflation as running close to the Committee's objective of 2 percent, and most of those who expressed a view indicated that recent readings on inflation had come i
[2018-08-01] A couple of participants commented on issues related to the operating framework for the implementation of monetary policy, including, among other things, the implications of changes in financial marke
[2018-08-01] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2018-08-01] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2018-08-01] Participants generally judged that the current stance of monetary policy remained accommodative, supporting strong labor market conditions and inflation of around 2 percent. Participants agreed that i
[2018-08-01] Participants agreed that labor market conditions had strengthened further over the intermeeting period. Payrolls had grown strongly in June, and labor market tightness was reflected in recent readings
[2018-08-01] Staff Review of the Economic Situation The information reviewed for the July 31-August 1 meeting indicated that labor market conditions continued to strengthen in recent months and that real gross dom
[2018-08-01] The Committee directs the Desk to continue rolling over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that
[2018-08-01] Incoming data suggested that foreign economic activity expanded at a moderate pace in the second quarter. Monthly indicators pointed to a pickup in the pace of economic activity in most advanced forei
[2018-08-01] Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board of Governors
[2018-08-01] Andrea Ajello, Edward Herbst, and Bernd Schlusche,4 Principal Economists, Division of Monetary Affairs, Board of Governors
[2018-08-01] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) provided a summary of developments in domestic and global financial markets over the i
[2018-08-01] With regard to the medium term, various participants indicated that information gathered since the Committee met in June had not significantly altered their outlook for the U.S. economy. Many particip
[2018-08-01] Although the reactions of asset prices to FOMC communications during the period were generally modest, market participants reportedly interpreted the June FOMC statement and Summary of Economic Projec
[2018-08-01] Participants generally agreed that both forward guidance and balance sheet actions would be effective tools to use if the federal funds rate were to become constrained by the ELB. In the Addendum to t
[2018-08-01] Most borrowers in the residential mortgage market continued to face accommodative financing conditions. For borrowers with low credit scores, credit conditions continued to ease but stayed tight overa
[2018-08-01] Many participants commented on the fact that measures of aggregate nominal wage growth had so far picked up only modestly. Among the factors cited as containing the pickup in wage growth were low tren
[2018-08-01] 6. The second vote of the Board also encompassed approval of the establishment of the interest rates for secondary and seasonal credit under the existing formulas for computing such rates. Return to t
[2018-08-01] Policymakers viewed the recent data as indicating that the outlook for the economy was evolving about as they had expected. Consequently, members expected that further gradual increases in the target
[2018-08-01] The dollar appreciated against most currencies, with the notable exception of the Mexican peso, which appreciated on some easing of investor concerns around prospective economic policies of the newly
[2018-08-01] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-08-01] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2018-08-01] Total real government purchases rose at a faster rate in the second quarter than in the first. Real federal defense and nondefense purchases both increased in the second quarter. Real purchases by sta
[2018-08-01] The deputy manager followed with a discussion of money markets and open market operations. Money market rates had moved up in line with the 20 basis point increase in the interest on excess reserves (
[2018-08-01] Mark A. Gould, First Vice President, Federal Reserve Bank of San Francisco
[2018-08-01] Reports from business contacts confirmed a robust pace of expansion in several sectors of the economy, including energy, manufacturing, and services. Crude oil production was reported as having grown
[2018-08-01] Staff Economic Outlook In the U.S. economic forecast prepared for this FOMC meeting, the staff continued to project that the economy would expand at an above-trend pace. Real GDP was forecast to incre
[2018-08-01] 5. In the analysis, the staff assumed that the ELB was 12.5 basis points, equal to the midpoint of the target range for the federal funds rate from December 2008 to December 2015. Return to text
[2018-08-01] Financing conditions for commercial real estate (CRE) remained accommodative. CRE loans at banks maintained solid growth over the past several quarters, with growth shared across all three major CRE l
[2018-08-01] Residential investment declined again in the second quarter. Starts for new single-family homes were little changed, on average, in May and June, but starts of multifamily units declined on net. The i
[2018-08-01] Luca Guerrieri, Deputy Associate Director, Division of Financial Stability, Board of Governors
[2018-08-01] On balance, longer-term bond yields in the AFEs declined slightly over the intermeeting period. ECB communications following its June meeting were perceived as more accommodative than expected and led
[2018-08-01] Total nonfarm payroll employment expanded at a strong pace again in June. The national unemployment rate moved up to 4.0 percent, but the labor force participation rate rose by a similar amount, leavi
[2018-08-01] Voting for this action: Jerome H. Powell, John C. Williams, Thomas I. Barkin, Raphael W. Bostic, Lael Brainard, Esther L. George, Loretta J. Mester, and Randal K. Quarles.
[2018-08-01] Jon Faust, Senior Special Adviser to the Chairman, Office of Board Members, Board of Governors
[2018-08-01] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2018-08-01] Participants noted that both overall inflation and inflation for items other than food and energy remained near 2 percent on a 12-month basis. A few participants expressed increased confidence that th
[2018-08-01] "Effective August 2, 2018, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 1-3/4 to 2 percen
[2018-08-01] Participants discussed the prominent role that previous communications about forward guidance and balance sheet actions, in conjunction with those policy measures, had in shaping public expectations a
[2018-08-01] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2018-08-01] Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job ga
[2018-08-01] Participants generally noted that economic growth in the second quarter had been strong; incoming data indicated considerable momentum in spending by households and businesses. Several participants st
[2018-08-01] Glenn Follette and Shane M. Sherlund, Assistant Directors, Division of Research and Statistics, Board of Governors; Christopher J. Gust, Assistant Director, Division of Monetary Affairs, Board of Gove
[2018-08-01] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that further gradual increases in the target range for the federal fu
[2018-08-01] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in June indicated that the labor market had continued t
[2018-08-01] Christopher J. Erceg, Senior Associate Director, Division of International Finance, Board of Governors; Gretchen C. Weinbach, Senior Associate Director, Division of Monetary Affairs, Board of Governor
[2018-08-01] Participants also discussed the possible implications of a flattening in the term structure of market interest rates. Several participants cited statistical evidence for the United States that inversi
[2018-08-01] Cristina Arellano, Monetary Advisor, Federal Reserve Bank of Minneapolis
[2018-08-01] After assessing the incoming data, current conditions, and the outlook for economic activity, the labor market, and inflation, members agreed to maintain the target range for the federal funds rate at
[2018-08-01] Anna Paulson, Senior Vice President, Federal Reserve Bank of Chicago
[2018-08-01] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants agreed that information received since the FOMC m
[2018-08-01] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2018-08-01] Minutes of the Federal Open Market Committee July 31-August 1, 2018 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of
[2018-08-01] Recent readings showed that increases in hourly labor compensation stepped up modestly over the past year. The employment cost index for private workers increased 2.9 percent over the 12 months ending
[2018-08-01] Etienne Gagnon,4 Section Chief, Division of Monetary Affairs, Board of Governors; Matthias Paustian,4 Section Chief, Division of Research and Statistics, Board of Governors
[2018-08-01] Participants commented on a number of risks and uncertainties associated with their outlook for economic activity, the labor market, and inflation over the medium term. They generally continued to see
[2018-08-01] Real PCE rose briskly in the second quarter after a modest gain in the first quarter. Light motor vehicle sales maintained a robust pace in June, and indicators of vehicle demand were mixed but genera
[2018-08-01] Financing conditions for nonfinancial corporations continued to be favorable over the intermeeting period. Gross issuance of corporate bonds and institutional leveraged loans picked up in May and stay
[2018-08-01] Michael Dotsey, Beverly Hirtle, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Philadelphia, New York, and St. Louis, respectively
[2018-08-01] Participants who commented on financial stability noted that asset valuations remained elevated and corporate borrowing terms remained easy. They also noted that regulatory changes introduced in the p
[2018-08-01] Antulio N. Bomfim, Special Adviser to the Chairman, Office of Board Members, Board of Governors
[2018-08-01] Financing conditions in consumer credit markets were little changed so far this year, on balance, and remained largely supportive of growth in household spending. Growth in consumer credit picked up i
[2018-08-01] The staff's analysis indicated that under various policy rules, including those prescribing aggressive reductions in the federal funds rate in response to adverse economic shocks, there was a meaningf
[2018-08-01] In the discussion that followed the staff's briefing, participants generally agreed that their current toolkit could provide significant accommodation but expressed concern about the potential limits
[2018-08-01] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, September 25-26, 2018. The meeting adjourned at 9:45 a.m. on August 1, 2018.
[2018-08-01] Short-term funding markets functioned smoothly, and spreads of unsecured rates over comparable-maturity OIS rates continued to narrow during the intermeeting period. After the June FOMC meeting, the E
[2018-08-01] In their consideration of monetary policy, participants discussed the implications of recent economic and financial developments for the economic outlook and the associated risks to that outlook. Part
[2018-08-01] Joseph W. Gruber and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2018-08-01] A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, July 31
[2018-08-01] James M. Trevino,4 Technology Analyst, Division of Monetary Affairs, Board of Governors
[2018-08-01] Monetary Policy Options at the Effective Lower Bound The staff provided a briefing that summarized its analysis of the extent to which some of the Committee's monetary policy tools could provide adequ
[2018-08-01] The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency mortgage-backed securities transactions.
[2018-08-01] Kartik B. Athreya, Thomas A. Connors, Mary Daly, David E. Lebow, Trevor A. Reeve, Ellis W. Tallman, William Wascher, and Beth Anne Wilson, Associate Economist
[2018-08-01] Total industrial production was little changed, on net, from April to June despite solid increases in the output of the mining sector. Over the first half of the year, manufacturing production rose at
[2018-08-01] Participants discussed the economic forces and risks they saw as providing the rationale for gradual increases in the federal funds rate as well as scenarios that might cause them to depart from this
[2018-08-01] The staff provided its latest report on potential risks to financial stability; the report again characterized the financial vulnerabilities of the U.S. financial system as moderate on balance. This o
[2018-08-01] 4. Attended through the discussion of monetary policy options at the effective lower bound. Return to text
[2018-08-01] 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
[2018-08-01] Jerome H. Powell, Chairman John C. Williams, Vice Chairman Thomas I. Barkin Raphael W. Bostic Lael Brainard Loretta J. Mester Randal K. Quarles
[2018-08-01] Hess T. Chung,4 Group Manager, Division of Research and Statistics, Board of Governors
[2018-08-01] The staff viewed the uncertainty around its projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The staff saw the risks to the forecas
[2018-08-01] In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-3/4 to 2 percent. The stance of monetary poli
[2018-08-01] Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2018-08-01] The nominal Treasury yield curve flattened somewhat during the intermeeting period. Measures of inflation compensation derived from Treasury Inflation-Protected Securities were little changed on net.
[2018-08-01] Brent Meyer, Policy Advisor and Economist, Federal Reserve Bank of Atlanta
[2018-08-01] Growth of outstanding commercial and industrial (C&I) loans held by banks was strong, on average, in June. Respondents to the June Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS)
[2018-08-01] The nominal U.S. international trade deficit narrowed in May, as exports, led by agricultural products (particularly soybeans) and capital goods, increased strongly and imports increased only modestly
[2018-08-01] Karel Mertens, Senior Economic Policy Advisor, Federal Reserve Bank of Dallas
[2018-08-01] Total U.S. consumer prices, as measured by the PCE price index, increased 2.2 percent over the 12 months ending in June. Core PCE price inflation, which excludes changes in consumer food and energy pr
[2018-08-01] Real private expenditures for business equipment and intellectual property rose at a moderate pace in the second quarter after a strong gain in the first quarter. Nominal shipments of nondefense capit
[2018-08-01] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to leave the interest rates on required and excess res
[2018-08-01] Voting for the FOMC monetary policy action were: Jerome H. Powell, Chairman; John C. Williams, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Esther L. George; Loretta J. Mester; a
[2018-08-01] Staff Review of the Financial Situation Concerns regarding international trade policy weighed on market sentiment at times over the intermeeting period, prompting notable declines in some foreign equi
[2018-08-01] The staff forecast for total PCE price inflation in 2018 was revised down a little, mainly because of a slower-than-expected increase in consumer energy prices in the second quarter and a downward rev
[2018-08-01] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accorda
[2018-08-01] While the Committee's current toolkit was judged to be effective, participants agreed, as a matter of prudent planning, to discuss their policy options further and to broaden the discussion to include
[2018-08-01] Many participants noted that it would likely be appropriate in the not-too-distant future to revise the Committee's characterization of the stance of monetary policy in its postmeeting statement. They
[2018-08-01] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors; And
[2018-08-01] Participants remarked on the extent to which financial conditions remained supportive of economic expansion. Over the intermeeting period, only a small change in overall financial conditions occurred,
[2018-08-01] Ellen E. Meade, Edward Nelson, and Robert J. Tetlow, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board of Go
[2018-08-01] Randall A. Williams, Senior Information Manager, Division of Monetary Affairs, Board of Governors
[2018-08-01] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy
[2018-08-01] A. Lee Smith, Senior Economist, Federal Reserve Bank of Kansas City
[2018-08-01] Notation Vote By notation vote completed on July 3, 2018, the Committee unanimously approved the minutes of the Committee meeting held on June 12-13, 2018.
[2018-08-01] Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessments of realized and expected economic conditions relative to
[2018-08-16] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2018-08-16] Additional information, including the steps that institutions must complete to be eligible to participate in term deposit operations are available at https://www.frbservices.org/central-bank/reserves-
[2018-08-16] Early Withdrawal The penalty for obtaining a return of funds prior to the maturity date includes the forfeiture of all interest on the term deposit plus an additional fee of 0.75000 percent at an annu