yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2016-06-15] Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting furt
[2016-06-15] 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 objectives
[2016-06-15] Total real government purchases rose modestly in the first quarter and appeared to be increasing at about the same pace in the second quarter. Nominal outlays for defense in April and May pointed to a
[2016-06-15] Brett Berger, Senior Economic Project Manager, Division of International Finance, Board of Governors
[2016-06-15] Antulio N. Bomfim, Ellen E. Meade, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board o
[2016-06-15] In light of participants' updates to their economic projections, they discussed their current assessments of the appropriate trajectory of monetary policy over the medium term. Most still expected tha
[2016-06-15] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Esther L. George, Loretta J. Mester, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.
[2016-06-15] Global financial conditions had improved since earlier in the year, and recent data on net exports suggested that the drag on domestic economic activity from the external sector had abated somewhat. S
[2016-06-15] Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Governors
[2016-06-15] Staff Economic Outlook In the U.S. economic forecast prepared by the staff for the June FOMC meeting, real GDP growth was estimated to have been faster in the first quarter than in the April forecast,
[2016-06-15] Available indicators suggested that the softness in business fixed investment since late last year persisted early in the second quarter. While weakness in the drilling and mining sector was attributa
[2016-06-15] Foreign real GDP growth picked up in the first quarter, supported by relatively robust increases in Canada, the euro area, Japan, and Mexico. However, the pace of growth appeared to slow in many forei
[2016-06-15] The housing sector continued to improve since the beginning of the year. Reports from a number of participants indicated that single-family construction was strengthening and house prices were rising
[2016-06-15] Shaghil Ahmed, Deputy Associate Director, Division of International Finance, Board of Governors
[2016-06-15] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2016-06-15] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets during the period s
[2016-06-15] Roc Armenter, Sarah K. Bell, Òscar Jordà, and George A. Kahn, Vice Presidents, Federal Reserve Banks of Philadelphia, New York, San Francisco, and Kansas City, respectively
[2016-06-15] 4. One participant did not submit longer-run projections in conjunction with the June 2016 FOMC meeting. Return to text
[2016-06-15] Eric C. Engstrom and Patrick E. McCabe, Advisers, Division of Research and Statistics, Board of Governors
[2016-06-15] Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed while growth in economic activity appears to have picked
[2016-06-15] Inflation continued to run below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Core PCE price inflation regis
[2016-06-15] Real private expenditures for business equipment and intellectual property appeared to be relatively flat early in the second quarter after declining sharply in the previous quarter. Nominal shipments
[2016-06-15] Michael T. Kiley, Senior Adviser, Division of Research and Statistics, and Senior Associate Director, Division of Financial Stability, Board of Governors
[2016-06-15] 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
[2016-06-15] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2016-06-15] Total industrial production (IP) rose in April, principally reflecting a rebound in the output of utilities following a couple of unseasonably warm winter months as well as a moderate increase in manu
[2016-06-15] Members expected inflation to remain low in the near term, in part because of earlier declines in energy prices, but most anticipated that inflation would rise to 2 percent over the medium term as the
[2016-06-15] David Sapenaro, First Vice President, Federal Reserve Bank of St. Louis
[2016-06-15] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2016-06-15] Broad stock price indexes moved within narrow ranges but were modestly lower, on net, over the intermeeting period. However, one-month-ahead option-implied volatility on the S&P 500 index--the VIX--ro
[2016-06-15] Conditions in consumer credit markets were little changed and generally remained accommodative. Consumer loan balances continued to increase at a robust pace in recent months, with year-over-year grow
[2016-06-15] The staff's forecast for inflation was little changed from the previous projection. The staff continued to project that inflation would increase over the next several years, as energy prices and the p
[2016-06-15] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, members of the Board of Governors and Federal Reserve Bank presidents submitted their projecti
[2016-06-15] Randall A. Williams, Information Manager, Division of Monetary Affairs, Board of Governors
[2016-06-15] Over the intermeeting period, developments in global financial markets were driven in large part by shifting views on the expected path of U.S. monetary policy and by fluctuating expectations about th
[2016-06-15] Robert deV. Frierson, Secretary of the Board, Office of the Secretary, Board of Governors
[2016-06-15] Total U.S. consumer prices, as measured by the PCE price index, increased about 1 percent over the 12 months ending in April, partly restrained by earlier declines in consumer energy prices. Core PCE
[2016-06-15] Recent information on housing activity was broadly consistent with a continued gradual recovery in this sector. Starts for new single-family homes increased in April but were below the average pace in
[2016-06-15] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Steven B. Kamin, Economi
[2016-06-15] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2016-06-15] Minutes of the Federal Open Market Committee June 14-15, 2016 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 F
[2016-06-15] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard James Bullard Stanley Fischer Esther L. George Loretta J. Mester Jerome H. Powell Eric Rosengren Daniel K. Tarullo
[2016-06-15] Financing conditions for commercial real estate remained fairly accommodative. All major categories of commercial real estate loans on banks' books increased briskly during April and May. However, spr
[2016-06-15] Most participants judged that, in the absence of significant economic or financial shocks, raising the target range for the federal funds rate would be appropriate if incoming information confirmed th
[2016-06-15] The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of ro
[2016-06-15] Edward Herbst and Hiroatsu Tanaka, Senior Economists, Division of Monetary Affairs, Board of Governors
[2016-06-15] Total nonfarm payroll employment gains slowed in April and May, even after adjusting for the effects of a strike at a large telecommunications company. The unemployment rate dropped to 4.7 percent in
[2016-06-15] The nominal Treasury yield curve flattened, on net, over the intermeeting period, mainly reflecting declines in longer-term rates; the flattening left the spread between yields on 2- and 10-year Treas
[2016-06-15] Almost all participants judged that the surprisingly weak May employment report increased their uncertainty about the outlook for the labor market. Even so, many remarked that they were reluctant to c
[2016-06-15] The Committee also decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities
[2016-06-15] The unemployment rates for African Americans and for Hispanics stayed above the rate for whites, although the differentials in jobless rates across the different groups were similar to those before th
[2016-06-15] The staff viewed the uncertainty around its April projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for re
[2016-06-15] Market-based estimates of the probability of a hike in the federal funds rate at the June FOMC meeting were variable during the intermeeting period. The probability of an increase in June fell to near
[2016-06-15] However, some other participants were uncertain whether economic conditions would soon warrant an increase in the target range for the federal funds rate. Several of them noted downside risks to the o
[2016-06-15] After assessing the outlook for economic activity, the labor market, and inflation, and after weighing the uncertainties associated with the outlook, members agreed to leave the target range for the f
[2016-06-15] Members reiterated that, in determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee would assess realized and expected economic conditions r
[2016-06-15] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2016-06-15] David Altig, Kartik B. Athreya, and Jeff Fuhrer, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, and Boston, respectively
[2016-06-15] Participants generally expected that, with gradual adjustments in the stance of monetary policy, economic activity would expand at a moderate pace and labor market indicators would strengthen. Inflati
[2016-06-15] Stephanie Heller, Evan F. Koenig, and Spencer Krane, Senior Vice Presidents, Federal Reserve Banks of New York, Dallas, and Chicago, respectively
[2016-06-15] In domestic money markets, the effective federal funds rate once again stayed close to the middle of the FOMC's 1/4 to 1/2 percent target range over the intermeeting period except on month-ends. Usage
[2016-06-15] A number of participants emphasized that the Committee's approach to policy-setting was necessarily data dependent given the uncertainties associated with medium-term forecasts of economic activity an
[2016-06-15] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Esther L. George; Loretta J. Mester; Jerome H.
[2016-06-15] Participants weighed a number of considerations in assessing the conditions under which it would be appropriate to increase the target range for the federal funds rate. Most participants indicated tha
[2016-06-15] "Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed while growth in economic activity appears to have picke
[2016-06-15] In their discussion of the economic situation and the outlook, meeting participants agreed that information received over the intermeeting period indicated that the pace of improvement in the labor ma
[2016-06-15] 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, June 14
[2016-06-15] Jeffrey M. Lacker, Dennis P. Lockhart, and John C. Williams, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2016-06-15] Staff Review of the Financial Situation Domestic financial market conditions remained accommodative over the intermeeting period. Equity price indexes and corporate bond spreads were little changed, o
[2016-06-15] Christopher J. Gust2 and Jason Wu, Assistant Directors, Division of Monetary Affairs, Board of Governors; Paul A. Smith, Assistant Director, Division of Research and Statistics, Board of Governors
[2016-06-15] 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
[2016-06-15] The U.S. international trade deficit narrowed substantially in March, with a sharp decline in imports more than offsetting a fall in exports. The March data, together with revised estimates for earlie
[2016-06-15] Overall financing conditions for nonfinancial firms improved a bit over the intermeeting period, remaining accommodative. Amid still-low yields, bond issuance by investment-grade corporations rose to
[2016-06-15] With respect to the economic outlook and its implications for monetary policy, members continued to expect that, with gradual adjustments in the stance of monetary policy, economic activity would expa
[2016-06-15] Notation Vote By notation vote completed on May 17, 2016, the Committee unanimously approved the minutes of the Committee meeting held on April 26-27, 2016.
[2016-06-15] Committee Policy Action In their consideration of monetary policy for the period ahead, members judged that the information received since the Committee met in April indicated that the pace of improve
[2016-06-15] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, July 26-27, 2016. The meeting adjourned at 10:30 a.m. on June 15, 2016.
[2016-06-15] Recent developments pointed to some decline in the credit quality of nonfinancial firms. The percentage of C&I loans entering delinquency or being charged off increased further in the first quarter, t
[2016-06-15] Thomas A. Connors, Michael P. Leahy, David E. Lebow, Jonathan P. McCarthy, Stephen A. Meyer, Ellis W. Tallman, Christopher J. Waller, and William Wascher, Associate Economists
[2016-06-15] Growth of consumer spending appeared to have picked up from its slow pace in the first quarter. Retail sales posted strong gains in April and May, and sales of light motor vehicles moved back up. At t
[2016-06-15] Growth in real personal consumption expenditures (PCE) appeared to be picking up in the second quarter. The components of the nominal retail sales data used by the Bureau of Economic Analysis to const
[2016-06-15] The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal payments on all agency debt and agency mortgage-backed securities
[2016-06-15] Cristina Arellano, Senior Research Economist, Federal Reserve Bank of Minneapolis
[2016-06-15] David Bowman, Andrew Figura, Ann McKeehan, David Reifschneider, and Stacey Tevlin, Special Advisers to the Board, Office of Board Members, Board of Governors
[2016-06-15] Staff Review of the Economic Situation The information reviewed for the June 14-15 meeting indicated that the pace of improvement in labor market conditions slowed in April and May but that real gross
[2016-06-15] Charles L. Evans, Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Alternate Members of the Federal Open Market Committee
[2016-06-15] The employment report for May showed considerably weaker growth in payrolls than had been expected, and gains in previous months were revised down. Although the unemployment rate fell in May, a drop i
[2016-06-15] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary po
[2016-06-15] Participants summarized survey readings and anecdotal reports on business conditions in their Districts. Those indicators were mixed regarding the pace of economic activity within the manufacturing se
[2016-06-15] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2016-06-15] On balance, credit conditions in municipal bond markets continued to be stable. Yield spreads on general obligation municipal bonds were little changed, and gross issuance remained solid. The default
[2016-06-15] An additional factor in the Committee's policy deliberations was the upcoming U.K. referendum on membership in the European Union. Members noted the considerable uncertainty about the outcome of the v
[2016-06-15] Fabio M. Natalucci, Senior Associate Director, Division of Monetary Affairs, Board of Governors; Beth Anne Wilson, Senior Associate Director, Division of International Finance, Board of Governors
[2016-06-15] "Effective June 16, 2016, 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 1/4 to 1/2 percent
[2016-06-15] Wendy E. Dunn, Principal Economist, Division of Research and Statistics, Board of Governors; Marcelo Rezende, Principal Economist, Division of Monetary Affairs, Board of Governors
[2016-06-24] The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the Europea
[2016-06-28] The Federal Open Market Committee on Tuesday announced its tentative meeting schedule for 2017:
[2016-06-28] The Chair's quarterly news conferences will take place following the March, June, September, and December meetings.
[2016-07-06] 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
[2016-07-06] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14-15, 2016. A summary of economic projections made by
[2016-07-06] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2016-07-06] Minutes of the Federal Open Market Committee June 14-15, 2016: HTML | PDF
[2016-07-12] The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for May 23 and June 13, 2016.
[2016-07-27] Business fixed investment appeared to have declined further during the second quarter, with broad-based weakness in equipment and another steep drop in drilling and mining structures. Participants not
[2016-07-27] "Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were
[2016-07-27] With respect to the economic outlook and its implications for monetary policy, members continued to expect that, with gradual adjustments in the stance of monetary policy, economic activity would expa
[2016-07-27] Although the near-term risks to the outlook associated with Brexit had diminished over the intermeeting period, participants generally agreed that they should continue to closely monitor economic and
[2016-07-27] Financing conditions in the residential mortgage market became more accommodative, on balance, since the June FOMC meeting. Interest rates on 30-year fixed-rate mortgages decreased further, partly ref
[2016-07-27] Growth in consumer spending was estimated to have rebounded in the second quarter from the slow pace in the first quarter, as monthly gains in retail sales were strong through June. Sales of new motor
[2016-07-27] Total U.S. consumer prices, as measured by the PCE price index, increased about 1 percent over the 12 months ending in May, partly restrained by earlier declines in consumer energy prices. Core PCE pr
[2016-07-27] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, September 20-21, 2016. The meeting adjourned at 10:30 a.m. on July 27, 2016.
[2016-07-27] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors took no action to change the interest rates on reserves or discount rate
[2016-07-27] Recent information on housing activity suggested that the pace of the gradual recovery in the sector had slowed in recent months. Starts for new single-family homes were little changed, on average, in
[2016-07-27] James A. Clouse, Deputy Director, Division of Monetary Affairs, Board of Governors; Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors
[2016-07-27] 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 objectives
[2016-07-27] Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting furt
[2016-07-27] Fabio M. Natalucci and Gretchen C. Weinbach,3 Senior Associate Directors, Division of Monetary Affairs, Board of Governors; Michael G. Palumbo, Senior Associate Director, Division of Research and Stat
[2016-07-27] Staff Review of the Financial Situation Domestic financial conditions remained accommodative over the intermeeting period. Equity price indexes increased, on net, despite an initial sharp decline foll
[2016-07-27] After assessing the outlook for economic activity, the labor market, and inflation, as well as the risks around that outlook, members decided to maintain the target range for the federal funds rate at
[2016-07-27] Jane E. Ihrig,3 Associate Director, Division of Monetary Affairs, Board of Governors
[2016-07-27] Total nonfarm payroll employment increased briskly in June, but the increase for the second quarter as a whole was noticeably slower than in the first quarter. The unemployment rate rose to 4.9 percen
[2016-07-27] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Loretta J. Mester; Jerome H. Powell; Eric Rose
[2016-07-27] As in the United States, global financial market developments during the intermeeting period were driven, in large part, by reactions to the U.K. referendum on EU membership on June 23 and to the rele
[2016-07-27] Real private expenditures for business equipment and intellectual property appeared to have declined for a third consecutive quarter. Nominal shipments of nondefense capital goods excluding aircraft d
[2016-07-27] John Duca, Jonas D. M. Fisher, Deborah L. Leonard,3 Antoine Martin,3 Ed Nosal,3 Anna Paulson,3 Joe Peek, and Patricia Zobel,3 Vice Presidents, Federal Reserve Banks of Dallas, Chicago, New York, New Y
[2016-07-27] Michael T. Kiley, Senior Adviser, Division of Research and Statistics, and Senior Associate Director, Division of Financial Stability, Board of Governors
[2016-07-27] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Loretta J. Mester, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.
[2016-07-27] Staff Economic Outlook In the U.S. economic projection prepared by the staff for the July FOMC meeting, real GDP growth was estimated to have picked up in the second quarter, consistent with the forec