yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2017-01-01] compensation per hour in the nonfarm business sector increased 3-1/4 percent over the four quarters of 2016, and average hourly earnings for all employees increased 2-3/4 percent over the 12 months en
[2017-01-01] the latest ecb staff projections saw euro area real gdp as growing at a slightly stronger pace in 2017 and 2018 than had been expected in december.
[2017-01-01] in particular, the bank will be guided by incoming data to assess the sensitivity of the economy to interest rates, the evolution of economic capacity, and the dynamics of both wage growth and inflati
[2017-01-01] while employment growth has remained firm, indicators still point to significant slack in the labour market.
[2017-01-01] at the same time, it was remarked that the sluggish reaction of underlying inflation in the wake of the financial crisis was not confined to the euro area but appeared to be a global phenomenon.
[2017-01-01] the slowing appeared to mainly reflect transitory factors like lower energy consumption induced by warm weather or delays in processing income tax refunds.
[2017-01-01] the bank projects inflation will rise to 2 per cent in the second half of 2018.
[2017-01-01] participants noted the continued stability of the labor force participation rate in the face of its demographically driven downward trend.
[2017-01-01] They also generally expected that inflation would remain, for some time, below levels the Committee considers most consistent, over the longer run, with maximum employment and price stability.
[2017-01-01] with a view to contributing to a further enhancement of discussions on monetary policy, the staff proposed that the bank review the contents of the principal terms and conditions in order to avoid, to
[2017-01-01] turning to the euro area, members generally agreed that the assessment of the growth situation had improved, with the latest data providing confirmation that the cyclical recovery of the euro area eco
[2017-01-01] What I’m telling you is that the stance of monetary policy we have today, we believe, is appropriate.
[2017-01-01] members noted that dwelling investment had picked up over the preceding year or so, partly in response to an easing in housing policies in 2015.
[2017-01-01] retail price inflation had been low as competitive pressures in the retail sector had continued to restrain price rises.
[2017-01-01] the resource sector’s adjustment to past commodity price declines appears to be largely complete, but negative wealth and income effects will persist.
[2017-01-01] members noted that housing interest rates had increased a little over 2017, particularly for investors and interest-only loans.
[2017-01-01] there were several methods of producing estimates of the equilibrium unemployment rate, including: simple statistical models; more sophisticated statistical filters that exploited information from red
[2017-01-01] Several participants expressed the view that a decision regarding the long-run composition of the portfolio would not need to be made for some time, and a couple of participants highlighted the import
[2017-01-01] overall, financial conditions remained supportive of the economic expansion, although the repricing in some financial market segments, in particular in foreign exchange markets and the bond markets, h
[2017-01-01] the projections described in the february inflation report depend in good part on three main judgements: that the lower level of sterling continues to boost consumer prices broadly as expected, and wi
[2017-01-01] regarding the outlook for inflation, some participants continued to be concerned that faster-than-expected economic growth or a substantial undershooting of the longer-run normal unemployment rate pos
[2017-01-01] price pressures in the early stages of the pricing chain had still not been transmitted to the later stages and faced headwinds from the recent euro appreciation.
[2017-01-01] Some may see a monetary policy that actively addresses episodes of financial instability along the lines that I have just described as promoting excessive risk-taking and thus increasing the probabili
[2017-01-01] for the second option the two parameter changes would be sufficient and could offer more room for manoeuvre, while minimising departures from the capital key.
[2017-01-01] members observed that some resource firms may have been able to increase their exports to take advantage of higher commodity prices by running down inventories.
[2017-01-01] in view of this, members acknowledged the importance of a strong relationship between the bank and other regulators, particularly apra.
[2017-01-01] at the same time, its composition is expected to broaden as the pace of household spending, especially residential investment, slows while the contributions from exports and business investment increa
[2017-01-01] On the supply side, the effect is fairly clear and immediate: An increase in trend productivity growth implies a more rapid pace of growth of the economy's productive capacity.
[2017-01-01] global economic growth is strengthening and becoming more broadly-based than the bank had expected in its january monetary policy report (mpr), although there is still considerable uncertainty about t
[2017-01-01] with respect to overseas economies, members agreed that advanced economies continued to see moderate growth, mainly in household spending, and that production and business fixed investment had been pi
[2017-01-01] in a historical context, valuations of euro area equities did not appear overly stretched.
[2017-01-01] the staff provided its latest report on vulnerabilities of the u.s. financial system.
[2017-01-01] In addition, the forecast for headline PCE price inflation incorporated a much higher rate of increase for energy prices for the first half of the year
[2017-01-01] at the same time, it was observed that broader measures of the degree of slack remained elevated.
[2017-01-01] banks had increasingly been passing on the decline in their funding costs to the economy through lower lending rates.
[2017-01-01] issuance of asset-backed securities (abs) funding consumer loans was robust in recent months, and abs spreads were about unchanged over the intermeeting period.
[2017-01-01] seven members considered the current policy stance to be appropriate to balance the demands of the committee’s remit.
[2017-01-01] Williamson cited Hayek's 1945 paper, along with Adam Smith's The Wealth of Nations from the eighteenth century, as forming the core of a "venerated tradition in economics" of studying the notion of "s
[2017-01-01] thereafter, it was projected to continue on a moderate increasing trend, mainly reflecting the recovery in emerging economies and the effects resulting from the set of stimulus measures materializing.
[2017-01-01] Some survey measures of inflation expectations declined during the period.
[2017-01-01] as for exports, movements toward a pick-up had been seen, although these had been somewhat weak.
[2017-01-01] retail sales volumes had also rebounded in q2, and the reported sales balance for retailing in the cbi distributive trades survey had risen to just above its long-run average in july.
[2017-01-01] Some restraint on aggregate demand would come from other sectors of the economy--notably government spending, net exports, housing, and perhaps business inventories.
[2017-01-01] as a result, headline PCE price inflation was expected to substantially exceed core PCE price inflation in 2008.
[2017-01-01] While a number of members saw some slight further disinflation as the most plausible outcome, no one expected a material change in inflation.
[2017-01-04] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2017-01-04] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 13-14, 2016. A summary of economic projections made
[2017-01-04] Minutes of the Federal Open Market Committee December 13-14, 2016: HTML | PDF
[2017-01-04] 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
[2017-01-10] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from November 14 through December 14, 2016.
[2017-02-01] Real total government purchases rose somewhat in the fourth quarter. Federal government purchases for defense decreased while nondefense expenditures increased. State and local government purchases in
[2017-02-01] C. The outstanding amount of the transactions described in paragraph 1.A.ii shall not exceed $5 billion at any given time.
[2017-02-01] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2017-02-01] After assessing 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 1/2 to 3/4 percent.
[2017-02-01] B. To hold balances of, and to have outstanding forward contracts to receive or to deliver, foreign currencies.
[2017-02-01] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Patrick Harker, Robert S. Kaplan, Neel Kashkari, Jerome H. Powell, and Daniel K. Tarullo.
[2017-02-01] The Committee considered amendments to its Policy on External Communications of Committee Participants and its Policy on External Communications of Federal Reserve System Staff. The amendments consist
[2017-02-01] Annual Organizational Matters5 In the agenda for this meeting, it was reported that advices of the election of the following members and alternate members of the Federal Open Market Committee for a te
[2017-02-01] Most participants continued to judge that, while the outlook was subject to considerable uncertainty, a gradual pace of rate increases over time was likely to be appropriate to promote the Committee's
[2017-02-01] AUTHORIZATION FOR DOMESTIC OPEN MARKET OPERATIONS (As reaffirmed effective January 31, 2017)
[2017-02-01] i. Reject bids that, as determined in its sole discretion, could facilitate a bidder's ability to control a single issue;
[2017-02-01] 1. The Federal Open Market Committee (the "Committee") authorizes and directs the Federal Reserve Bank selected by the Committee to execute open market transactions (the "Selected Bank"), to the exten
[2017-02-01] The U.S. international trade deficit widened in November for the second consecutive month. After declining in October, nominal exports fell again in November as decreases in exports of capital goods m
[2017-02-01] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, March 14-15, 2017. The meeting adjourned at 10:05 a.m. on February 1, 2017.
[2017-02-01] A. The Selected Bank, for the SOMA, to undertake reverse repo transactions in Eligible Securities held in the SOMA with the Customer Accounts for a term of 65 business days or less; and
[2017-02-01] B. Undertake transactions with respect to Eligible Securities in order to appropriately address temporary disruptions of an operational or highly unusual nature in U.S. dollar funding markets.
[2017-02-01] Recent reforms had diminished the risk of runs on or by prime money market funds. However, it was noted that other risks to financial stability might arise as the structure of funding markets evolved
[2017-02-01] 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 1/2 to 3/4 percent. The stance of monetary poli
[2017-02-01] Matthew J. Eichner,3 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson,4 Director, Division of Supervision and Regulation, Board of Governors; An
[2017-02-01] 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
[2017-02-01] Staff Review of the Financial Situation Domestic financial conditions were mostly little changed, on balance, since the December FOMC meeting. Broad equity price indexes fluctuated in a relatively nar
[2017-02-01] Bank of Canada Bank of England Bank of Japan European Central Bank Swiss National Bank
[2017-02-01] By unanimous vote, the following officers of the Committee were selected to serve until the selection of their successors at the first regularly scheduled meeting of the Committee in 2018:
[2017-02-01] The labor market continued to strengthen in recent months. Monthly gains in nonfarm payroll employment averaged 165,000 over the period from October to December, a pace that, if it continued, would be
[2017-02-01] A. To purchase and sell foreign currencies (also known as cable transfers) at home and abroad in the open market, including with the United States Treasury, with foreign monetary authorities, with the
[2017-02-01] James A. Clouse, Thomas A. Connors, Michael Dotsey, Eric M. Engen, Evan F. Koenig, Jonathan P. McCarthy, Daniel G. Sullivan, William Wascher, and Beth Anne Wilson, Associate Economists
[2017-02-01] B. The Selected Bank may manage such foreign currency holdings by:
[2017-02-01] 9. The Committee authorizes the Selected Bank to undertake transactions of the type described in this Authorization, and foreign exchange and investment transactions that it may be otherwise authorize
[2017-02-01] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that the information received since the Committee met in December indicated that the labor market ha
[2017-02-01] i. Undertake repo transactions in Eligible Securities with dealers with a corresponding reverse repo transaction in such Eligible Securities with the Customer Accounts; and
[2017-02-01] 10. All Federal Reserve banks shall participate in the foreign currency operations for System Open Market Account in accordance with paragraph 3G(1) of the Board of Governors' Statement of Procedure w
[2017-02-01] 5. The Committee authorizes the Selected Bank to maintain reciprocal currency arrangements established under the North American Framework Agreement, standing dollar liquidity swap arrangements, and st
[2017-02-01] 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
[2017-02-01] 3. In order to ensure the effective conduct of open market operations, the Committee authorizes the Selected Bank to operate a program to lend Eligible Securities held in the SOMA to dealers on an ove
[2017-02-01] Anna Orlik, Senior Economist, Division of Monetary Affairs, Board of Governors
[2017-02-01] The outlook for the business sector improved further over the intermeeting period. Business investment in E&I, which had been contracting earlier in 2016, increased at a moderate rate in the fourth qu
[2017-02-01] A. All transactions authorized in this paragraph 2 shall be conducted with prior notice to the Committee;
[2017-02-01] Penelope A. Beattie,2 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2017-02-01] Real residential investment spending rose at a brisk pace in the fourth quarter after decreasing in the previous two quarters. Building permit issuance for new single-family homes--which tends to be a
[2017-02-01] iii. Any changes in the terms of existing arrangements must be approved in advance by the Chairman. The Chairman shall keep the Committee informed of any changes in terms, and the terms shall be consi
[2017-02-01] C. For standing foreign currency liquidity swap arrangements all drawings must be approved in advance by the Committee (or by the Subcommittee, if the Subcommittee believes that consultation with the
[2017-02-01] 5. The Committee directs the Selected Bank to report to the Committee, at each regular meeting of the Committee, on transactions undertaken pursuant to paragraphs 1 and 6 of the Authorization. The Sel
[2017-02-01] 1. The Committee directs the Federal Reserve Bank selected by the Committee (the "Selected Bank") to execute open market transactions, for the System Open Market Account, in accordance with the provis
[2017-02-01] iii. Conducted for such other purposes as may be determined by the Committee.
[2017-02-01] i. As an outright operation with securities dealers and foreign and international accounts maintained at the Selected Bank: on a same-day or deferred delivery basis (including such transactions as are
[2017-02-01] ii. Undertaken to adjust System balances in light of probable future needs for currencies; or
[2017-02-01] Notation Vote By notation vote completed on January 3, 2017, the Committee unanimously approved the minutes of the Committee meeting held on December 13-14, 2016.
[2017-02-01] STATEMENT ON LONGER-RUN GOALS AND MONETARY POLICY STRATEGY (As amended effective January 31, 2017)
[2017-02-01] Andrew Figura, Joseph W. Gruber, Ann McKeehan, and David Reifschneider, Special Advisers to the Board, Office of Board Members, Board of Governors
[2017-02-01] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Patrick Harker; Robert S. Kaplan; Neel Kash
[2017-02-01] Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderat
[2017-02-01] Real private expenditures for business equipment and intellectual property (E&I) expanded at a moderate pace in the fourth quarter after declining, on net, over the preceding three quarters. Recent in
[2017-02-01] 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 risks to the forecast for real GDP
[2017-02-01] Charles L. Evans, President of the Federal Reserve Bank of Chicago, with Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, as alternate
[2017-02-01] 4. The Committee authorizes the Selected Bank, with the prior approval of the Subcommittee and at the request of the United States Treasury, to conduct swap transactions with the United States Exchang
[2017-02-01] ii. Accept Treasury securities or cash as collateral for any loan of securities authorized in this paragraph 3; and
[2017-02-01] Recent indicators of activity in the housing sector were generally positive. Starts and permits for single-family housing and sales of existing homes rose moderately in the fourth quarter, and real re
[2017-02-01] Foreign economic data that were better than expected and perceptions of an ebbing of some potential downside risks in Europe appeared to contribute to an improvement in investor sentiment in global fi
[2017-02-01] FOREIGN CURRENCY DIRECTIVE (As reaffirmed effective January 31, 2017)
[2017-02-01] Illustration of Uncertainty in the Summary of Economic Projections Participants considered a revised proposal from the subcommittee on communications to add to the Summary of Economic Projections (SEP
[2017-02-01] 3. Attended through the discussion of financial developments and open market operations. Return to text
[2017-02-01] Glenn Follette, John M. Roberts, and Paul A. Smith,2 Assistant Directors, Division of Research and Statistics, Board of Governors
[2017-02-01] A. Adjust somewhat in exceptional circumstances the stance of monetary policy and to take actions that may result in material changes in the composition and size of the assets in the SOMA; or
[2017-02-01] A. The Selected Bank shall manage all holdings of foreign currencies for the System Open Market Account:
[2017-02-01] B. Any Federal Reserve Bank that maintains Customer Accounts, for any such Customer Account, when appropriate and subject to all other necessary authorization and approvals, to:
[2017-02-01] 2. All transactions in foreign currencies undertaken pursuant to paragraph 1 above shall, unless otherwise authorized by the Committee, be conducted:
[2017-02-01] Financing conditions for nonfinancial businesses continued to be accommodative overall. Corporate bond issuance by nonfinancial firms rebounded in December to about its robust average pace of the past
[2017-02-01] B. For standing dollar liquidity swap arrangements all drawings must be approved in advance by the Chairman. The Chairman may approve a schedule of potential drawings, and may delegate to the manager,
[2017-02-01] The Committee agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, it would assess realized and expected economic conditions relative t
[2017-02-01] 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 over the interme
[2017-02-01] Marie Gooding, Jeffrey M. Lacker, Loretta J. Mester, Michael Strine,2 and John C. Williams, Alternate Members of the Federal Open Market Committee
[2017-02-01] ii. The Committee authorizes the Subcommittee to direct the Selected Bank in advance to execute the operation if it would result in the overall volume of standalone spot and forward transactions in fo
[2017-02-01] Transactions undertaken with Customer Accounts under the provisions of this paragraph 4 may provide for a service fee when appropriate. Transactions undertaken with Customer Accounts are also subject
[2017-02-01] Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, with John C. Williams, President of the Federal Reserve Bank of San Francisco, as alternate
[2017-02-01] 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
[2017-02-01] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Michael Held, Deputy Gen
[2017-02-01] Troy Davig and John A. Weinberg, Senior Vice Presidents, Federal Reserve Banks of Kansas City and Richmond, respectively
[2017-02-01] C. The Subcommittee, in consultation with the Committee, may provide additional instructions to the Selected Bank regarding holdings of foreign currencies.
[2017-02-01] C. In consultation, as appropriate, with foreign monetary authorities, foreign central banks, and international monetary institutions.
[2017-02-01] 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, January
[2017-02-01] Any such adjustment described in subparagraph A of this paragraph 5 shall be made in the context of the Committee's discussion and decision about the stance of policy at its most recent meeting and th
[2017-02-01] Recent indicators generally showed that labor market conditions continued to improve in late 2016. Total nonfarm payroll employment increased at a solid pace in December. The unemployment rate edged u
[2017-02-01] i. Purchasing and selling obligations of, or fully guaranteed as to principal and interest by, a foreign government or agency thereof ("Permitted Foreign Securities") through outright purchases and sa
[2017-02-01] Developments in Financial Markets and Open Market Operations The SOMA manager reported on developments in U.S. and global financial markets during the period since the Committee met on December 13-14,
[2017-02-01] Participants generally indicated that their economic forecasts had changed little since the December FOMC meeting. They continued to anticipate that, with gradual adjustments in the stance of monetary
[2017-02-01] By unanimous vote, the Committee selected Simon Potter and Lorie K. Logan to serve at the pleasure of the Committee as manager and deputy manager of the SOMA, respectively, on the understanding that t