yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2023-01-01] the tightening of monetary policy since may 2022 was still permeating through the economy and it would take some time for the full effects of this to be observed in the data.
[2023-01-01] regarding the consequences of further negative supply shocks, specifically related to energy, the view was expressed that such a scenario was unlikely to play out in the same way as the large commodit
[2023-01-01] over the medium term risks stemmed primarily from domestic factors, such as a persistent rise in inflation expectations above the ecb’s target or higher than anticipated wage rises.
[2023-01-01] in the case of restaurants, the price increases had been much smoother than for accommodation, and inflation in that particular sector had just started to stabilise.
[2023-01-01] however, the labour market remains on the tight side and wage pressures persist.
[2023-01-01] the near-term weakness in growth reflects both the broadening impact of past increases in interest rates and slower foreign demand.
[2023-01-01] new construction and real estate listings are lagging demand, which is adding pressure to prices.
[2023-01-01] in this context it was pointed out that, in some countries, real estate transactions had already started to pick up again, presumably owing to reduced uncertainty about the future interest rate path.
[2023-01-01] the latest round of the commission’s household survey suggested that euro area households had revised their expectations on consumer prices 12-months ahead sharply downwards and their expectations on
[2023-01-01] tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation.
[2023-01-01] they took note that sudden liquidity needs of non-bank financial institutions might amplify market volatility.
[2023-01-01] turning to the monetary and financial analysis, members widely concurred with the assessment provided by mr lane in his introduction.
[2023-01-01] at the same time, labour markets remain tight and measures of core inflation in many advanced economies suggest persistent price pressures, especially for services.
[2023-01-01] by its december monetary policy meeting the governing council would have new data on gdp growth for the third quarter, the october and november inflation figures, fresh monetary data and a new round o
[2023-01-01] indicators of domestic demand across advanced economies had been mixed.
[2023-01-01] members anticipated that ongoing increases in the target range would be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent ove
[2023-01-01] however, members observed that there was considerable uncertainty about the resilience of household consumption and that the squeeze on many households’ finances could result in consumption slowing mo
[2023-01-01] as expected, electricity prices had increased markedly in july as the higher default market offers came into effect, with some offset from government rebates.
[2023-01-01] the services sector was growing more strongly, owing to the reopening of the economy.
[2023-01-01] a 50 basis point increase was judged to constitute an appropriate pace at which monetary policy could be tightened in a manner that was still expeditious, while recognising the uncertainties surroundi
[2023-01-01] in this context, it was cautioned against declaring victory over inflation at the current stage, when inflation was still more than twice the ecb’s target.
[2023-01-01] global inflation is easing, with lower energy prices and a decline in goods price inflation.
[2023-01-01] the appreciation of the us dollar during this time had been broad-based.
[2023-01-01] however, the rate at which jobs were being created was seen as potentially slowing, with unemployment rising over the coming quarters.
[2023-01-01] both prime and government money market funds experienced moderate inflows since the july fomc meeting.
[2023-01-01] however, it was also recalled that, before 2011, minimum reserves were remunerated at the mro rate.
[2023-01-01] high growth in population and nominal labour incomes and the difficulties associated with building new dwellings had supported demand for established housing nationally, despite recent increases in th
[2023-01-01] potential catalysts for this included persistently high global inflation, which would require interest rates to remain high for longer than currently expected, and/or a sharp downturn in the global ec
[2023-01-01] a different member pointed out that, as japanese firms had long been exposed to intense competition, they had improved their production efficiency to secure high international competitiveness.
[2023-01-01] canada’s economy has been stronger than expected, with more momentum in demand.
[2023-01-01] cpi inflation has been volatile in recent months—2.8% in june, 4.0% in august, and 3.8% in september.
[2023-01-01] the bank expects cpi inflation to fall quickly to around 3% in the middle of this year and then decline more gradually to the 2% target by the end of 2024.
[2023-01-01] growth in advanced economies had slowed in response to tighter monetary policy and cost-of-living pressures, but not by as much as expected in some cases.
[2023-01-01] several participants remarked that the committee's balance sheet plans indicated that it would slow and then stop the decline in the size of the balance sheet when reserve balances are somewhat above
[2023-01-01] with clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at 5% and to continue to normalize the bank’s balance sh
[2023-01-01] developments in the banking sector later in the period were met with sharp reductions in treasury yields, particularly at shorter tenors.
[2023-01-01] according to the latest ecb staff projections this was expected to be the case, although by that time inflation would have exceeded the target for more than four years in a row.
[2023-01-04] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2023-01-04] For media inquiries, e-mail [email protected] or call 202-452-2955
[2023-01-04] 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, 2022.
[2023-01-04] Minutes of the Federal Open Market Committee December 13–14, 2022: HTML | PDF
[2023-01-04] 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
[2023-01-10] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from November 14 through December 14, 2022.
[2023-01-10] For media inquiries, please email [email protected] or call (202) 452-2955.
[2023-02-01] Isabel Cairó, Principal Economist, Division of Monetary Affairs, Board
[2023-02-01] Ellis W. Tallman, Executive Vice President, Federal Reserve Bank of Cleveland
[2023-02-01] Participants agreed that the labor market remained very tight and assessed that labor demand substantially exceeded the supply of available workers. Participants noted that the unemployment rate had r
[2023-02-01] Attendance Jerome H. Powell, Chair John C. Williams, Vice Chair Michael S. Barr Michelle W. Bowman Lael Brainard Lisa D. Cook Austan D. Goolsbee Patrick Harker Philip N. Jefferson Neel Kashkari Lorie
[2023-02-01] Notation Vote By notation vote completed on January 3, 2023, the Committee unanimously approved the minutes of the Committee meeting held on December 13–14, 2022.
[2023-02-01] Isaiah C. Ahn, Information Management Analyst, Division of Monetary Affairs, Board
[2023-02-01] Participants agreed that cumulative policy firming to date had reduced demand in the most interest-rate-sensitive sectors of the economy, particularly housing. Participants observed that growth in eco
[2023-02-01] Jeffrey D. Walker,2 Associate Director, Division of Reserve Bank Operations and Payment Systems, Board
[2023-02-01] As part of the Committee's annual organizational review process, all participants indicated support for the Statement on Longer-Run Goals and Monetary Policy Strategy, and the Committee voted unanimou
[2023-02-01] Navtej S. Dhillon, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] David Bowman, Senior Associate Director, Division of Monetary Affairs, Board
[2023-02-01] Min Wei, Senior Associate Director, Division of Monetary Affairs, Board
[2023-02-01] Austan D. Goolsbee, President of the Federal Reserve Bank of Chicago, with Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, as alternate
[2023-02-01] Ander Perez-Orive, Principal Economist, Division of Monetary Affairs, Board
[2023-02-01] Nitish Ranjan Sinha, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] For media inquiries, please email [email protected] or call 202-452-2955.
[2023-02-01] 4. Chiara Scotti's selection was set to be effective upon her employment with the Federal Reserve Bank of Dallas. Return to text
[2023-02-01] Conditions in short-term funding markets remained stable over the intermeeting period, with the December increase in the target range for the federal funds rate and the associated increases in the Fed
[2023-02-01] Laura Choi, Senior Vice President, Federal Reserve Bank of San Francisco
[2023-02-01] Staff Review of the Financial Situation Over the intermeeting period, the market-implied federal funds rate path was little changed for 2023 but moderately moved down further out. Nominal Treasury yie
[2023-02-01] The staff assessed that vulnerabilities associated with household and business leverage remained moderate, noting that al­though measures of business leverage were at or near a historically high level
[2023-02-01] Michael S. Gibson, Director, Division of Supervision and Regulation, Board
[2023-02-01] Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation has eased somewhat but remains e
[2023-02-01] Burcu Duygan-Bump, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] Zina Bushra Saijid, Senior Financial Analyst, Division of International Finance, Board
[2023-02-01] Kurt F. Lewis,2 Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] The sluggish growth in real private domestic spending expected this year and the persistently tight financial conditions were seen as tilting the risks to the downside around the baseline projection f
[2023-02-01] The staff provided an update on its assessment of the stability of the financial system and, on balance, characterized the financial vulnerabilities of the U.S. financial system as moderate. The staff
[2023-02-01] Joshua Gallin, Secretary Matthew M. Luecke, Deputy Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Richard Ostrander, Deputy
[2023-02-01] Regarding the international outlook, signs of a faster reopening in China and a less severe downturn in Europe eased concerns about global growth, contributing to a depreciation in the exchange value
[2023-02-01] Jane E. Ihrig, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] Andrew Meldrum, Assistant Director, Division of Monetary Affairs, Board
[2023-02-01] Stephanie R. Aaronson, Senior Associate Director, Division of Research and Statistics, Board
[2023-02-01] Kartik B. Athreya, Executive Vice President, Federal Reserve Bank of Richmond
[2023-02-01] Al­though real GDP expanded at an annual rate of 2.9 percent in the fourth quarter, real private domestic final purchases (PDFP)—which includes PCE, residential investment, and business fixed investme
[2023-02-01] Manjola Tase, Principal Economist, Division of Monetary Affairs, Board
[2023-02-01] As part of the annual review of the Committee's governance documents for open market operations and foreign currency transactions, the Committee unanimously approved a new governance document titled "
[2023-02-01] Laura Lipscomb, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, with Mary C. Daly, President of the Federal Reserve Bank of San Francisco, as alternate.
[2023-02-01] Minutes of the Federal Open Market Committee January 31âFebruary 1, 2023 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the
[2023-02-01] John C. Williams, President of the Federal Reserve Bank of New York, with Helen E. Mucciolo, Interim First Vice President of the Federal Reserve Bank of New York, as alternate
[2023-02-01] In their discussion of the household sector, participants observed that real consumer spending had declined in November and December—in part reflecting the tightening in financial conditions over the
[2023-02-01] Participants' Views on Current Conditions and the Economic Outlook In their discussion of current economic conditions, participants noted that recent indicators pointed to modest growth in spending an
[2023-02-01] Participants noted that the runoff of the balance sheet had been proceeding smoothly. A few participants observed that money markets could experience some temporary pressures as reserves declined if u
[2023-02-01] Participants also discussed a number of risk-management considerations related to the conduct of monetary policy. Almost all participants observed that slowing the pace of rate increases at the curren
[2023-02-01] Moderating inflation in the United States and improving global growth prospects lifted market sentiment. While most Desk survey respondents expected subdued growth or a mild recession in 2023, market
[2023-02-01] Kelly J. Dubbert, Interim President of the Federal Reserve Bank of Kansas City
[2023-02-01] By unanimous vote, the Committee selected the Federal Reserve Bank of New York to execute transactions for the System Open Market Account (SOMA).
[2023-02-01] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2023-02-01] James Bullard and Susan M. Collins, Presidents of the Federal Reserve Banks of St. Louis and Boston, respectively
[2023-02-01] In domestic credit markets, businesses and households continued to face elevated borrowing costs. Yields for corporate bonds declined, while borrowing costs for leveraged loans were little changed at
[2023-02-01] Travis J. Berge, Principal Economist, Division of Research and Statistics, Board
[2023-02-01] Vulnerabilities associated with funding risks were characterized as moderate. The rising rate environment has prompted inflows into prime retail MMFs, while AUM at prime institutional funds, which hav
[2023-02-01] In their consideration of appropriate monetary policy actions at this meeting, participants concurred that the Committee had made significant progress over the past year in moving toward a sufficientl
[2023-02-01] Samuel Schulhofer-Wohl, Senior Vice President, Federal Reserve Bank of Dallas
[2023-02-01] Members agreed that the Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, members agreed to raise the target range fo
[2023-02-01] Shaghil Ahmed, Roc Armenter, James A. Clouse, Brian M. Doyle, Eric M. Engen, Anna Paulson, Andrea Raffo, and William Wascher, Associate Economists
[2023-02-01] Paul R. Wood, Special Adviser to the Board, Division of Board Members, Board
[2023-02-01] Staff Economic Outlook The forecast for the U.S. economy prepared by the staff for this FOMC meeting had a somewhat higher path for the level of real GDP and a modestly lower path for the unemployment
[2023-02-01] The manager pro tem turned next to a discussion of money markets and Federal Reserve operations. Money market rates were stable over the period, with the year-end passing smoothly. As expected, balanc
[2023-02-01] In the January Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), banks reported having tightened C&I and commercial real estate (CRE) lending standards over the previous three mont
[2023-02-01] Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board
[2023-02-01] Patrick Harker, President of the Federal Reserve Bank of Philadelphia, with Thomas I. Barkin, President of the Federal Reserve Bank of Richmond, as alternate
[2023-02-01] Consumer price inflation eased in November and December but remained elevated. Total PCE price inflation was 5.0 percent over the 12 months ending in December, 1.1 percentage points lower than the Oct
[2023-02-01] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board
[2023-02-01] Foreign economic growth slowed in the fourth quarter, weighed down by the COVID-19-related slowdown in China and repercussions of Russia's war against Ukraine. Weaker global demand and a rebalancing f
[2023-02-01] Marnie Gillis DeBoer, Senior Associate Director, Division of Monetary Affairs, Board
[2023-02-01] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, March 21–22, 2023. The meeting adjourned at 10:20 a.m. on February 1, 2023.
[2023-02-01] Credit was broadly available in the residential mortgage market for high-credit-score borrowers who met standard conforming loan criteria. Credit availability for households with lower credit scores w
[2023-02-01] Annual Organizational Matters3 The agenda for this meeting reported that advices of the election of the following members and alternate members of the Federal Open Market Committee for a term beginnin
[2023-02-01] 2. Attended through the discussion of the economic and financial situation. Return to text
[2023-02-01] With inflation still well above the Committee's longer-run goal of 2 percent, participants agreed that inflation was unacceptably high. A number of participants commented that the costs of elevated in
[2023-02-01] Prabal Chakrabarti, Executive Vice President, Federal Reserve Bank of Boston
[2023-02-01] 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 2024:
[2023-02-01] Thomas I. Barkin, Raphael W. Bostic, Mary C. Daly, Loretta J. Mester, and Helen E. Mucciolo, Alternate Members of the Committee
[2023-02-01] Credit remained broadly available for businesses and households with strong credit quality but remained tight for lower-rated borrowers. Lending standards tightened further for bank-dependent borrower
[2023-02-01] Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board
[2023-02-01] Regarding the business sector, participants observed that growth in business fixed investment spending had been subdued in the fourth quarter and was being restrained by past interest rate increases.
[2023-02-01] By unanimous vote, the Committee selected Patricia Zobel to serve at the pleasure of the Committee as deputy manager of the SOMA through February 20, 2023, and Roberto Perli and Julie Ann Remache to s
[2023-02-01] Alene G. Tchourumoff, Senior Vice President, Federal Reserve Bank of Minneapolis
[2023-02-01] Julie Ann Remache, Head of Cross Market & Portfolio Analysis, Federal Reserve Bank of New York
[2023-02-01] The market-implied federal funds rate path for 2023 was little changed, on net, during the intermeeting period but fell moderately beyond mid-2024. On net, nominal Treasury yields were roughly unchang
[2023-02-01] Francesca Loria, Senior Economist, Division of Monetary Affairs, Board
[2023-02-01] Charles A. Fleischman, Adviser, Division of Research and Statistics, Board
[2023-02-01] Committee Policy Actions In their discussion of monetary policy for this meeting, members agreed that recent indicators pointed to modest growth in spending and production. Members also concurred that
[2023-02-01] 5. In taking this action, the Board approved requests to establish that rate submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Richmond, Atlanta, Chi
[2023-02-01] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lael Brainard; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker;
[2023-02-01] In discussing the policy outlook, with inflation still well above the Committee's 2 percent goal and the labor market remaining very tight, all participants continued to anticipate that ongoing increa
[2023-02-01] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal
[2023-02-01] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on rese
[2023-02-01] Broad stock price indexes ended the intermeeting period only slightly higher despite sizable fluctuations. Equity prices fell sharply following the December FOMC statement but recovered over the remai
[2023-02-01] Ahead of the vote on policies relating to information security, external communications, and investment and trading, the Chair commented on the critical importance of maintaining the public's trust an
[2023-02-01] In their discussion of issues related to financial stability, several participants discussed vulnerabilities in the financial system associated with higher interest rates, including the elevated valua
[2023-02-01] Secretary's note: The Federal Reserve Bank of New York subsequently sent advice that the selections indicated previously were satisfactory.
[2023-02-01] Andreas Lehnert, Director, Division of Financial Stability, Board
[2023-02-01] Glenn Follette, Associate Director, Division of Research and Statistics, Board
[2023-02-01] David E. Lebow, Senior Associate Director, Division of Research and Statistics, Board
[2023-02-01] Joseph W. Gruber, Executive Vice President, Federal Reserve Bank of Kansas City
[2023-02-01] On a four-quarter change basis, total PCE price inflation was forecast to be 2.8 percent in 2023, and core inflation was expected to be 3.2 percent, both lower than in the December projection. With th
[2023-02-01] Zack Saravay, Financial Institution and Policy Analyst, Division of Monetary Affairs, Board
[2023-02-01] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes; the Board of Governors of the Federal Reserve System is referenced as the "Board" in these minute
[2023-02-01] Robert J. Tetlow, Senior Adviser, Division of Monetary Affairs, Board
[2023-02-01] Members agreed that, in assessing the appropriate stance of monetary policy, they would continue to monitor the implications of incoming information for the economic outlook. They would be prepared to
[2023-02-01] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, January 31, 2023, at 10:00 a
[2023-02-01] Carlos Garriga, Senior Vice President, Federal Reserve Bank of St. Louis
[2023-02-01] Christine Graham, Deputy Associate Director, Division of Supervision and Regulation, Board
[2023-02-01] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2023-02-01] February 01, 2023 For release at 2:00 p.m. EST Share The Federal Open Market Committee, at its annual organization meeting this week, unanimously reaffirmed its "Statement on Longer-Run Goals and Mone
[2023-02-01] Lorie K. Logan, President of the Federal Reserve Bank of Dallas, with Raphael W. Bostic, President of the Federal Reserve Bank of Atlanta, as alternate
[2023-02-01] Russia's war against Ukraine is causing tremendous human and economic hardship and is contributing to elevated global uncertainty. The Committee is highly attentive to inflation risks.