yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2008-01-01] a few members, however, were of the opinion that the growth in summer bonus payments was likely to be relatively small reflecting the leveling-off of corporate profits.
[2008-01-01] stock prices in emerging economies had also dropped significantly, due mainly to the rise in inflation.
[2008-01-01] in the business sector, members observed that the nab survey for the month of january showed a divergence between business conditions and business confidence.
[2008-01-01] the committee considered how the news over the past month affected this assessment.
[2008-01-01] that longer-term inflation expectations were likely to remain anchored, partly because modest changes in labor costs would constrain inflation trends
[2008-01-01] growth had been boosted by exports, following the substantial depreciation of the us dollar.
[2008-01-01] on foreign exchange markets, members observed that the us dollar remained near its lows in both nominal and real effective terms.
[2008-01-01] in the housing market, significant adjustments were still continuing.
[2008-01-01] Recent data pointed to little change in underlying inflation trends.
[2008-01-01] june's spike in multifamily starts was related to more-stringent building codes that took effect in new york city on july 1, which apparently led developers to pull forward the start date of some plan
[2008-01-01] Fourth, I will discuss the major findings of the review as codified in our new Statement on Longer-Run Goals and Monetary Policy Strategy and highlight some important policy implications that flow fro
[2008-01-01] as a result, gdp began to recover in the second half of 2009, rising somewhat above its historical average growth rate by the end of the forecast period.
[2008-01-01] however the recent fall in oil prices could help to offset these pressures through lower petrol prices.
[2008-01-01] Readings on consumer price inflation had picked up somewhat mainly because of increases in oil and gasoline prices earlier in the year.
[2008-01-01] many members said that it was important, first of all, to reaffirm the following principles.
[2008-01-01] the staff projection pointed to a contraction of real gdp in the first half of 2008 followed by a modest rise in the second half of this year, aided in part by the fiscal stimulus package.
[2008-01-01] a different member said that the pace of increase in the number of employees in the labour force survey had been slowing recently, and thus this as well as the ratio of job offers to applicants, which
[2008-01-01] in this regard, some members said that recent surveys suggested that the inflation expectations of private economic entities might be changing, and any changes should be watched closely.
[2008-01-01] In view of the most recent information on the economy, members agreed that it was appropriate for the post-meeting statement to characterize economic growth as apparently continuing to moderate.
[2008-01-01] some members were concerned that the effectiveness of cuts in the target federal funds rate may have been diminished by the financial dislocations, suggesting that further policy action might have lim
[2008-01-01] one member, however, noted that there were signs of an improvement in consumer confidence reflecting the recent decline in crude oil prices and this might provide impetus to car purchases, for example
[2008-01-01] these increases would add about ¼ percentage point to the change in the cpi in each period.
[2008-01-01] a few members said that consumer sentiment had become more cautious due to deterioration in consumers' view of the economy and the rise in prices.
[2008-01-01] yields on government bonds in the major markets had been volatile in the past month, reflecting the competing concerns of rising inflationary risks and the effects of the renewed credit disruption.
[2008-01-01] moreover, with both core and headline inflation having been somewhat elevated, participants expressed some concern that inflation expectations might become less firmly anchored.
[2008-01-01] many members said that the forecasts of policy board members and the risk balance charts were merely reference materials supplementary to the written explanations of the mechanisms behind developments
[2008-01-01] a few members said that, in china, the monetary and fiscal policy stance had shifted toward stimulating economic growth, and this was expected to boost the economy.
[2008-01-01] Participants generally agreed that the drag on U. S. economic activity from the appreciation of the dollar since the summer of 2014 and the slowdown in foreign economic growth, particularly in emergin
[2008-01-01] private consumption had been relatively weak, mainly due to sluggish growth in household income and the increase in prices of energy and food.
[2008-01-01] global disinflationary forces from the slowdown in the world economy and lower commodity prices would assist in this regard.
[2008-01-01] as for prices, the year-on-year rate of increase in consumer prices had been elevated, not only in terms of the consumer price index (cpi) for all items but also the cpi for all items less energy and
[2008-01-01] participants agreed that falling prices for energy and other commodities and diminished economic activity had resulted in an appreciable reduction in inflationary pressures.
[2008-01-01] as previously announced, over the next few quarters the federal reserve will purchase large quantities of agency debt and mortgage-backed securities to provide support to the mortgage and housing mark
[2008-01-01] on this basis, they shared the view that it was becoming more important for the bank to continue to strive to ensure smooth settlement of funds and maintain market stability, taking into account the r
[2008-01-01] private consumption continued to be on an increasing trend, albeit with a somewhat clearer slowing of the pace of increase.
[2008-01-01] the bank of japan announced that it would be considering the introduction of similar measures.
[2008-01-01] however, a few other members were of the view that home prices continued to be on a substantial decline on the whole, and there were no signs of the housing market bottoming out.
[2008-01-01] still outpace that of potential over this period, leading to a decline in the unemployment rate to historically low levels, as monetary policy was assumed to remain highly accommodative.
[2008-01-01] a different member said that rises in prices controlled by the government, such as the standard selling price for wheat, tended to lag a rise in market prices, and it was necessary to watch closely th
[2008-01-01] as for prices, members agreed on the following view: (1) global inflationary pressures remained high given the high commodity prices, particularly crude oil prices; and (2) in japan, it was necessary
[2008-01-01] members concurred that growth in private consumption had recently been somewhat sluggish against the background of the continued increase in prices of petroleum products and food.
[2008-01-01] but total provision of credit to the business sector had nevertheless accelerated.
[2008-01-01] while the stock of unsold new houses was falling, it remained well above the average of the past two decades.
[2008-01-01] for the euro area, the question was whether consumption growth would pick up any slack resulting from the impact of slowing us demand and the appreciation of the euro on net trade.
[2008-01-01] expectations of short-term interest rates had also risen by around 60 basis points in the euro area.
[2008-01-01] Participants expected that fiscal policy would continue to be a drag on economic growth over coming quarters.
[2008-01-01] However, some areas that were affected by the slowdown in the energy sector experienced house price declines or increases in mortgage delinquency rates.
[2008-01-01] but many believed that the slow growth in economic activity anticipated for the first half of this year and the associated slack in resource utilization would contribute to an easing of price pressure
[2008-01-01] Indeed, a number of members saw merit in the staff forecast that some further disinflation was a likely prospect in such circumstances.
[2008-01-01] they noted the staff estimate of growth in australia's trading partners in the june quarter of around ½ per cent, and about 4 per cent over the year.
[2008-01-01] housing construction activity had experienced a significant downturn since mid 2007, triggered by the introduction of tighter safety requirements for buildings.
[2008-01-01] turning to the labour market and wages, members observed that there had been no sign of slowing in employment growth, which had been steady at just below 3 per cent in year-ended terms for the past ye
[2008-01-01] in this situation, industrial production had been on a downward trend and the number of employees had been declining.
[2008-01-01] Increases in the prices of energy, other commodities, and non-oil imports, as well as reports from some business contacts that higher costs were increasingly being passed through to prices, suggested
[2008-01-01] international equity prices had been volatile, falling early in the month but then recovering to end the month a little higher overall largely reflecting movements in the prices of financial-sector st
[2008-01-01] Participants expected that productivity growth would pick up as firms slowed hiring to a pace more in line with output growth but acknowledged that the improvement might be limited, particularly if bu
[2008-01-01] they were of the opinion that it was likely to be on a recovery trend, but the pace was likely to be modest.
[2008-01-01] in relation to this, one member said that the bank should continually examine whether the level of the policy interest rate was appropriate, employing various methods, for instance, assessing the rela
[2008-01-01] one member said that rises in the prices of daily necessities had increased consumers' inflation expectations and the effects of these increased inflation expectations should be watched carefully.
[2008-01-01] the timing and magnitude of the impact of the stimulus package on gdp was also seen as depending on the extent to which the boost to consumption spending is absorbed by a temporary run-down in firms'
[2008-01-01] Recent data suggested that growth of household spending had moderated from its strong fourth-quarter pace, while business fixed investment continued to grow strongly.
[2008-01-01] Recent data on core consumer prices led the staff to mark down slightly its forecast for core PCE inflation.
[2008-01-01] consumer spending, which accounts for the bulk of spending in the economy, had slowed noticeably since mid year as the effects of the boost to incomes from the package of tax rebates in the june quart
[2008-01-01] in contrast, final domestic demand was estimated to have grown faster than output in 2008 q1.
[2008-01-01] M2 and M3 have posted very large gains in recent months, reflecting the effects of recent System easing actions on market interest rates and shifts of funds by households out of investments in equitie
[2008-01-01] and that given the downside risks to economic growth, an early exit could unnecessarily damp the ongoing economic recovery.
[2008-01-01] compared with some earlier cyclical growth slowdowns, measures of confidence and household spending looked weaker, but the slowdown in the labour market and survey-based measures of business condition
[2008-01-01] the housing sector was an area of particular weakness at present and business sentiment had also deteriorated.
[2008-01-01] in this situation, industrial production had been on a downward trend and the pace of decrease in the number of employees had been accelerating.
[2008-01-01] nominal treasury yields also rose noticeably, and the treasury yield curve flattened.
[2008-01-01] Concepts associated with deflation such as liquidity traps and the zero bound on nominal interest rates had, for practical purposes, disappeared from economic thought.
[2008-01-21] The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent. The Committee took this action in view of a weakening of the economic out
[2008-01-30] The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent. Financial markets remain under considerable stress, and credit has tightene
[2008-01-30] If it is okay with everybody, we can start the economic go-round at this point.
[2008-01-30] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, January 29, 2008 at 2:00 p.m. and contin
[2008-03-10] Since the coordinated actions taken in December 2007, the G-10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in so
[2008-03-18] President Plosser made the correct point that we need to think about the level of the funds rate.
[2008-03-18] I think there was a pretty big change this morning at least in risk perceptions today across a bunch of markets.
[2008-03-18] The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent. Recent information indicates that the outlook for economic activity has
[2008-03-18] I came to the meeting preferring alternative B--50 basis points.
[2008-03-18] Uncertainty about valuations seems to be the root cause of liquidity problems.
[2008-03-18] Financial disruption" is still a good phrase to use in public, but I really do think that this is a financial crisis.
[2008-03-18] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, March 18, 2008 at 8:30 a.m. Present:Mr.
[2008-04-30] I just wondered if there are differences in their approaches as to how often they interact in the marketplace.
[2008-04-30] I think we could be a little more innovative--I agree with President Lacker's point--but I think that the H.4.1 does seem to have an effect; and if we will be doing all these other things, taking anot
[2008-04-30] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, April 29, 2008 at 2:00 p.m. and continue
[2008-04-30] The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent. Recent information indicates that economic activity remains weak. Household
[2008-06-25] Surely by now few market participants would be surprised to encounter the failure of certain institutions.
[2008-06-25] I think the Vice Chairman raises an interaction that I hadn't thought of, which is that our facilities are existing under the premise of unusual and exigent circumstances, and we don't really want to
[2008-06-25] Oh, and I apologize--I fully support going ahead with extending the facility past the year-end.
[2008-06-25] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, June 24, 2008 at 2:00 p.m. and continued
[2008-06-25] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Recent information indicates that overall economic activity continues to expand, partly refl
[2008-06-25] The IMF went through an extraordinary study effort during the sovereign debt crisis and came up with some very important mechanisms for how to change the contracts that were being written by sovereign
[2008-08-05] As I mentioned, core import price inflation shot up very rapidly to over 10 percent in the second quarter, and our approach toward modeling and predicting core import price inflation focuses on three
[2008-08-05] But another virtue of it, even if you don't find it that credible, is that the cards are on the table.
[2008-08-05] As we go forward, we will obviously continue to have these fruitful discussions.
[2008-08-05] You know, our ability to measure where that would leave house prices relative to some notion of fair valuation is incredibly imprecise.
[2008-08-08] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spend
[2008-08-08] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, August 5, 2008 at 8:30 a.m. PRESENT: Mr.
[2008-09-16] As far as language is concerned with regard to B, I would be inclined to give more prominence to financial issues.
[2008-09-16] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Strains in financial markets have increased significantly and labor markets have weakened fu
[2008-09-16] Just on the issue of trading soft, though, the October-December has also come down, and there is certainly some shift in the actual policy expectation.
[2008-09-16] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, September 16, 2008 at 8:30 a.m. PRESENT:
[2008-10-07] Joint Statement by Central Banks Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the pro
[2008-10-29] The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent. The pace of economic activity appears to have slowed markedly, owing import
[2008-10-29] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, October 28, 2008 at 2:00 p.m. and contin
[2008-10-29] The sentiment of directors and their contacts has turned decidedly more pessimistic regarding current economic conditions and the near-term outlook.
[2008-12-16] We were probably going to do that as a trend, maybe not day to day, but it has some of the flavor of increasing the base.
[2008-12-16] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Monday, December 15, 2008 at 2:00 p.m. and contin
[2008-12-16] On the commodity price side, things are fairly stable, and at least in our forecast, inflation expectations are probably drifting down some.
[2008-12-16] Overall, the outlook for economic activity has weakened further.
[2008-12-16] The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee's last meeting, labor market conditions have deteriorate
[2009-01-01] there had been very strong demand for the $4 billion of indexed bonds issued by the australian office of financial management (aofm) late in september.
[2009-01-01] although financial market conditions had improved, credit was still quite tight in many sectors.
[2009-01-01] Some participants suggested that shifts of funds from abroad into U. S. Treasury securities may have put downward pressure on term premiums; the shifts, in turn, may have reflected in part a reaction
[2009-01-01] [6] the uncollateralized overnight call rate had been at around 0.1 percent.
[2009-01-01] according to these new estimates, the recession was deeper than previously thought.
[2009-01-01] vacancy rates continued to rise, property prices fell further, and, as indicated by the july senior loan officer opinion survey, financing for nonresidential construction projects became even tighter.
[2009-01-01] there were some favourable signs in the australian residential mortgage-backed securities market.
[2009-01-01] one member said that there was a high degree of uncertainty regarding the outlook for domestic and overseas demand, and distributors' inventories might increase if sales declined, and due attention sh
[2009-01-01] australian banks had been very active, and had benefitted from strong demand for their bonds.
[2009-01-01] data for the us economy had been mixed, but prospects appeared to be gradually improving.
[2009-01-01] on the corporate side, the bank of england’s credit conditions survey for q1 had shown an improvement in the expected availability of corporate credit.
[2009-01-01] and the recovery in global demand remained susceptible to further shocks, especially if the imbalances that contributed to the financial crisis were not rectified.
[2009-01-01] measures of volatility and financial stress moved down and risk spreads narrowed in many markets, perhaps partly because of investors' perceptions of diminished downside tail risks.
[2009-01-01] that might partly have been a result of the increase in banks’ reserves resulting from the mpc’s asset purchase programme.
[2009-01-01] nonetheless, with the significant under-utilization of resources expected to persist through 2011, the staff forecast core inflation to slow somewhat further over the next two years from the pace of t
[2009-01-01] the member continued that it was desirable that market expectations about future monetary policy be formed based on an outlook for economic and price developments that was shared by the market and the
[2009-01-01] there had been a large volume of government-guaranteed bank bond issuance around the world in the past few months.
[2009-01-01] there seemed to be three channels through which us house prices might have an impact on the macroeconomy.
[2009-01-01] in china, the deceleration of the economy had come to a halt: although exports had declined, domestic demand continued to show high growth.
[2009-01-01] (2) on december 8, the cabinet decided the emergency economic countermeasures for future growth and security.
[2009-01-01] however, members shared the view that the outlook was attended by a significant level of uncertainty, given that economic activity was likely to be strongly affected by developments in overseas econom
[2009-01-01] The Committee then turned to a discussion of the economic and financial outlook and the implementation of monetary policy over the intermeeting period ahead.
[2009-01-01] the recent appreciation had reduced the fall in the exchange rate over the past year to 13 per cent.
[2009-01-01] members agreed that, if developments unfolded as currently expected, monetary policy would need to be adjusted further over time to lessen the degree of stimulus.
[2009-01-01] that assessment had been based on the signals from both retail sales and from vehicle registrations.
[2009-01-01] in the united states, the yield curve was now as steep as it had been in previous decades.
[2009-01-01] new housing starts had risen by nearly 15% in the three months to august compared with the preceding three months.
[2009-01-01] while liquid deposits rose rapidly, small time deposits and retail money market mutual funds continued to contract.
[2009-01-01] it was likely that production would remain on a downtrend reflecting weaker domestic and overseas demand, but the pace of decline was expected to moderate as adjustment pressures on inventories waned.
[2009-01-01] however, in some theoretical frameworks, the connection between resource slack and inflation depends on the nature of the shock and its impact on marginal costs and markups.
[2009-01-01] the european central bank had injected liquidity into the banking system through a one-year repurchase agreement at a fixed rate of 1 per cent, which had prompted a fall in short-term rates of more th
[2009-01-01] however, some members including this member were of the opinion that, although it was likely that the policy measures in individual countries would produce positive effects, it would be some time befo
[2009-01-01] Weekly data for March, however, indicated that gasoline prices rose sharply.
[2009-01-01] the vote encompassed approval of the statement below to be released at 2:15 p.m.: information received since the federal open market committee met in april suggests that the pace of economic contracti