yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2012-01-01] however, signs of a possible pick-up in the coming period had begun to be observed as the production forecast index continued to increase toward march.
[2012-01-01] members observed that, in some countries, there appeared to be an adverse cycle whereby fiscal consolidation was weakening growth, which was leading to yet further fiscal tightening in an attempt to m
[2012-01-01] the recession in europe is now expected to be deeper and longer than previously anticipated.
[2012-01-01] Consumer price inflation was being held down by weaker demand and significantly lower oil prices.
[2012-01-01] in addition, all but one member agreed to replace the date-based guidance with economic thresholds indicating that the exceptionally low range for the federal funds rate would remain appropriate at le
[2012-01-01] despite recent improvements to the outlook for the global and canadian economies, risks remain elevated.
[2012-01-01] foreign economic growth continued to be subdued, as fiscal retrenchment and financial stresses in the euro area continued to weigh on economic activity in europe and elsewhere.
[2012-01-01] elements of both explanations seemed to be evident and helped account for low productivity growth and the lack of more substantial downward pressure on domestic costs.
[2012-01-01] Staff Economic Outlook In the economic forecast prepared by the staff for the June FOMC meeting, real GDP growth in the second half of this year was expected to step up from its pace in the first half
[2012-01-01] Many members of the Committee, participants, have said that they think policy should be based on the actual evolution of economic activity and inflation, which tends to be variable over time, and that
[2012-01-01] Long-term unemployment in the current economy is—is the worst—really the worst it’s been in the postwar period.
[2012-01-01] members noted that the domestic economy appeared to be growing at around trend pace in the june quarter, though activity continued to vary significantly across industries.
[2012-01-01] a month earlier, members had noted that there were some tentative signs that chinese growth might be stabilising at a more sustainable pace.
[2012-01-01] one member said that real gdp was likely to remain more or less unchanged, or that its growth rate would remain at a considerably low level for the time being.
[2012-01-01] although often subject to erratic movements, goods exports had grown sharply in october and had not fallen back as much as expected in november.
[2012-01-01] members concurred that overseas economies had moved somewhat deeper into a deceleration phase.
[2012-01-25] Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators po
[2012-01-25] Minutes of the Federal Open Market Committee January 24-25, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, Janua
[2012-03-13] Minutes of the Federal Open Market Committee March 13, 2012 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
[2012-03-13] Information received since the Federal Open Market Committee met in January suggests that the economy has been expanding moderately. Labor market conditions have improved further; the unemployment rat
[2012-04-25] Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. Labor market conditions have improved in recent months; the unemploym
[2012-04-25] Minutes of the Federal Open Market Committee April 24-25, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washing
[2012-06-20] Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months,
[2012-06-20] Minutes of the Federal Open Market Committee June 19-20, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washingt
[2012-08-01] Minutes of the Federal Open Market Committee July 31 - August 1, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in
[2012-08-01] Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year. Growth in employment has been slow in re
[2012-09-13] Minutes of the Federal Open Market Committee September 12-13, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Was
[2012-09-13] Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been sl
[2012-10-24] Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been
[2012-10-24] Minutes of the Federal Open Market Committee October 23â24, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Was
[2012-12-12] Minutes of the Federal Open Market Committee December 11-12, 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Wash
[2012-12-12] Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weat
[2013-01-01] but loan approvals for house purchase had fallen in january and february, possibly affected by the cold weather.
[2013-01-01] (3) on august 8, 2013, the government had compiled the medium-term fiscal plan and the guidelines for budget requests for fiscal 2014.
[2013-01-01] this reflected the assumption that the additional activity under a constant bank rate was associated with higher productivity, thus moderating its inflationary impact.
[2013-01-01] However, at 7.7 percent, the unemployment rate remains elevated.
[2013-01-01] in support of the committee's longer-run planning for improvements in the implementation of monetary policy, the desk report also included a briefing on the potential for establishing a fixed-rate, fu
[2013-01-01] one member added that price developments in the past revealed that consumers in japan had been relatively tolerant of the rise in import prices being passed on to sales prices.
[2013-01-01] Total nonfarm payroll employment rose solidly in July and August, with strong gains in private-sector jobs and declines in government employment.
[2013-01-01] core inflation has softened by more than the bank had expected, with more muted price pressures across a wide range of goods and services, consistent with the unexpected increase in excess capacity.
[2013-01-01] the bank expects global economic activity to grow modestly in 2013 before strengthening over the following two years.
[2013-01-01] Some members expressed concern about the longer-run prospects for large federal deficits and their implications for the future performance of the economy.
[2013-01-01] Many foreign central banks tightened monetary policy to address high inflation.
[2013-01-01] on this basis, members shared the recognition that the bank's massive jgb purchases, through the reduction in risk premia, were restraining upward pressure on interest rates that stemmed from an impro
[2013-01-01] financial markets conditions in financial markets had continued to improve over the past couple of months, with sentiment supported by the partial resolution of the fiscal situation in the united stat
[2013-01-01] As yields on inflation-indexed Treasury securities rose roughly in line with their nominal counterparts, longer-term inflation compensation remained about unchanged.
[2013-01-01] members agreed that the year-on-year rate of change in the cpi (all items less fresh food) had been slightly negative.
[2013-01-01] one of these members, however, was of the view that it was rather difficult to judge changes in the underlying trend in inflation expectations from these indicators, which therefore should be interpre
[2013-01-01] in addition, there was not complete consensus within the committee that headwinds were the only explanation for the low expected future path of policy rates.
[2013-01-01] it deemed that the role the bank's monetary policy had to play in overcoming deflation was extremely important, and welcomed that the bank was strongly committed to pursuing bold monetary easing, part
[2013-01-01] participants also discussed the potential for clarifying or strengthening the committee's forward guidance for the federal funds rate.
[2013-01-01] overall, recent data and information from liaison were consistent with further recovery in the established housing market and moderate growth in dwelling investment.
[2013-01-01] The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reache
[2013-01-01] muted core inflation reflects material excess supply in the economy, heightened competitive pressures in the retail sector, and some special factors such as slower increases in regulated prices and th
[2013-01-01] consumer spending continued to advance, but spending on items other than motor vehicles was relatively soft.
[2013-01-01] Some members commented, however, that the relationship between the output gap and inflation was quite loose and that the outlook for productivity remained uncertain.
[2013-01-01] in that regard, an important contributor to the recent depreciation of the australian dollar had been the us dollar's appreciation.
[2013-01-01] the employment and income situation remained severe, but supply and demand conditions in the labor market had been improving moderately.
[2013-01-01] in nonmortgage credit, automobile loans and student loans both continued to expand rapidly, while balances on revolving consumer credit stayed about flat.
[2013-01-01] despite ongoing competitiveness challenges, exports are projected to gather momentum, which should boost confidence and lead to increasingly solid growth in business investment.
[2013-01-01] with respect to the future conduct of monetary policy, most members shared the view that the bank would continue with quantitative and qualitative monetary easing, aiming to achieve the price stabilit
[2013-01-01] in canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the bank had been expecting.
[2013-01-01] in aggregate, the four major banks recorded solid profit results in the half year to september.
[2013-01-01] Total nonfarm payroll employment expanded at a solid pace in July and August.
[2013-01-01] in this situation, stock prices in the united states and europe had been declining.
[2013-01-01] Without a reduction of aggregate demand growth, inflation would rise.
[2013-01-01] reflecting these developments in demand at home and abroad, signs of stabilizing had been observed in production, although its growth momentum remained slow.
[2013-01-01] it was agreed that the next meeting of the committee would be held on tuesday-wednesday, december 17-18, 2013.
[2013-01-01] in india, gdp had increased strongly in the december quarter, after two very weak quarters.
[2013-01-01] monetary policy was already highly stimulatory and the benefit of past actions would continue to be felt: the first rise in bank rate was not fully priced into market rates until well into inflation w
[2013-01-01] another member said that uncertainty with regard to the outlook for economic activity and prices for fiscal 2013 and 2014 was considerably greater than that in previous projections.
[2013-01-01] So that’s in the low 20s, and that’s post the May employment report.
[2013-01-01] (1) the japanese economy was moving steadily on its upward trend.
[2013-01-01] (2) the government confirmed the progress of the emergency economic measures at the council on economic and fiscal policy held on june 13, 2013; the proportion of national and local government project
[2013-01-01] these conditions would, over time, help the economy negotiate the prospective downshift in resources investment via a switch to other sources of demand.
[2013-01-01] in the united states, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly offset by accelerated fiscal consolidation.
[2013-01-01] the path of business investment spending would be affected by the turning of the cycle in resources investment, where indicators continued to suggest that a decline was likely over the next several ye
[2013-01-01] against this backdrop, the year-on-year rate of change in the amount outstanding of bank lending had been positive.
[2013-01-01] in judging when to moderate the pace of asset purchases, the committee will, at its coming meetings, assess whether incoming information continues to support the committee's expectation of ongoing imp
[2013-01-01] As a result, the likely pace and extent of policy easing expected by investors increased, and yields on nominal and inflation-indexed Treasury coupon securities fell.
[2013-01-01] a few members expressed the view that purchasing jgbs of various maturities would likely facilitate the bank's smooth purchases.
[2013-01-01] equity prices had fallen by 2% in the united kingdom, less than the 3% decline seen in us markets, while share prices in the euro area had increased modestly.
[2013-01-01] And in so far as that will affect monetary policy, of course we will have to factor those policies along with many other things, including the global environment and oil prices and other matters.
[2013-01-01] the government would make the most of its negotiating power and pursue the best path to suit japan's national interests.
[2013-01-01] So that’s the kind of thinking we’ll be doing, and, again, we’re looking—ultimately, we’re not going to declare victory until we see a series of these, really see convincing evidence, compelling evide
[2013-01-01] participants generally agreed that fiscal negotiations could develop in a way that would result in significantly greater drag on economic growth than in their baseline outlook.
[2013-01-01] the global economy is still expected to pick up in 2014 and 2015.
[2013-01-01] europe, in contrast, remains in recession, with economic activity constrained by fiscal austerity, low confidence and tight credit conditions.
[2013-01-01] consumer prices excluding food and energy increased moderately in january and february.
[2013-01-01] that said, there might still be a perception that the euro-area authorities were now more committed to shifting the burden of future bank restructurings from governments to uninsured private creditors
[2013-01-01] as for the employment and income situation, members shared the recognition that supply and demand conditions in the labor market continued to improve moderately and employee income had also shown a pi
[2013-01-01] given the exchange rate adjustment that was occurring, and with the substantial degree of monetary stimulus already in place, members assessed the current stance of policy to be appropriate for the ti
[2013-01-01] although there had been some improvement in sentiment and activity over recent months, conditions were expected to remain weak, partly reflecting further fiscal consolidation over the balance of the y
[2013-01-01] members noted that economic conditions early this year were, on balance, consistent with global economic growth being around average.
[2013-01-01] one of these members added that, in order to achieve price stability on a sustainable basis, not only improvement in the negative output gap, but also strengthening the economy's growth potential -- t
[2013-01-01] most members pointed to the fact that japan's economy had recently shown signs of a pick-up and was in an important phase of returning to a moderate recovery path, and that the government had announce
[2013-01-01] pay growth had been volatile in the first half of the year, partly due to the reduction in the top rate of income tax in the spring, but the impact of this had faded and the data were probably now giv
[2013-01-01] one of these members said that the optimal inflation rate should be considered by taking into account the future developments in economic activity and prices without depending too much on the general
[2013-01-01] reports from homebuilders in many parts of the country were encouraging.
[2013-01-01] Most FOMC participants anticipate that inflation will gradually move up to the FOMC's 2 percent target over coming years.
[2013-01-01] Yields on nominal Treasury coupon securities declined over the intermeeting period while yields on inflation-indexed Treasury securities were roughly unchanged, which left inflation compensation notic
[2013-01-01] commodity prices received by canadian producers remain elevated by historical standards and, overall, they are little changed since the january mpr.
[2013-01-01] judging from interviews with firms, production was projected to increase markedly in the april-june quarter of 2013. detecting large fluctuations after the lehman shock as outliers (estimation by the
[2013-01-01] the bank rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
[2013-01-01] The events of the last two years come on top of a huge expansion of global trade, competition and productive capacity--all of which have given American businesses less control over prices in the face
[2013-01-01] the economy will also be supported by continued growth in consumer spending, while further modest declines in residential investment are expected.
[2013-01-01] on the other hand, a different member commented that medium- to long-term growth expectations of firms and households were likely to have declined amid the prolonged economic downturn, and therefore t
[2013-01-01] The extraordinary achievement of 1996, of course, was reaching such low levels of unemployment and inflation at the same time.
[2013-01-01] based on this discussion on upside and downside risk factors to the outlook for japan's economic activity and prices, members shared the recognition that there was high uncertainty regarding developme
[2013-01-01] the board's judgement was that, given the substantial degree of policy stimulus that had been imparted, it was prudent to hold the cash rate steady while continuing to gauge the effects, but not to cl
[2013-01-01] on the expenditure side, the government had recently compiled and released the fiscal 2014 budget requests based on requests submitted by ministries and agencies in accordance with the guidelines for
[2013-01-01] in relation to this point, a different member said that it was also important for the bank to continue to explain thoroughly that its jgb purchases were not conducted for the purpose of financing the
[2013-01-01] The pace of real GDP growth was forecast to be faster over the second half of this year than in the first half, primarily reflecting a modest increase in the rate of growth of private domestic final p
[2013-01-01] reflecting all of these factors, the bank has decided to maintain the target for the overnight rate at 1 per cent.
[2013-01-01] the staff's forecast for inflation was little changed from the projection prepared for the previous fomc meeting.
[2013-01-01] and second, in the united states, following the avoidance of the fiscal cliff at the beginning of 2013, a bill to temporarily suspend the federal debt ceiling had been passed.
[2013-01-01] consumption is expected to grow moderately and residential investment to decline further from historically high levels.
[2013-01-01] as for the outlook, industrial production was expected to pick up, reflecting developments in demand at home and abroad, as overseas economies gradually emerged from the deceleration phase.
[2013-01-01] the news on the month had continued to suggest a robust recovery in activity in the united kingdom.
[2013-01-01] however, a substantial part of the increase in employment appeared to reflect changes in the sample.
[2013-01-01] some members pointed to the possibility that, due to a decline in the competitiveness of japanese products and to the progress in local procurement by japanese firms operating overseas, the degree of
[2013-01-01] Measures of core inflation remained much more subdued, although they also moved up in some countries.
[2013-01-01] the fls had already been introduced with the aim of supporting the supply of bank credit, and would be kept under review.
[2013-01-01] Many members were concerned about the still-sensitive state of financial markets and thought that an easing of policy would help to support improvements in market functioning, thereby mitigating some
[2013-01-01] with continued slack in the canadian economy, the muted outlook for inflation, and the constructive evolution of imbalances in the household sector, the considerable monetary policy stimulus currently
[2013-01-01] one of these members added that a_ clear increase was observed in the number of new job openings in manufacturing, which had been lagging behind.
[2013-01-01] conditions in the housing sector continued to improve, as real expenditures for residential investment expanded briskly in the first quarter, although from a low level.
[2013-01-01] reflecting these developments in demand, the decrease in production was coming to a halt.
[2013-01-01] total cpi inflation has also been restrained by declining mortgage interest costs.
[2013-01-01] a few participants noted that they already viewed the costs as likely outweighing the benefits and so would like to bring the program to a close relatively soon.
[2013-01-01] the government would also do its utmost to implement policy measures in a seamless manner toward overcoming the deflationary recession so that the benefits of economic growth would be widely distribut
[2013-01-01] Most analysts would contend that U.S. interest rates were lowered by the world's accumulation of dollars.
[2013-01-01] The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will strengthen.
[2013-01-01] despite a marked improvement in peripheral sovereign debt markets, europe remains in recession, with a somewhat more protracted downturn now expected than in october.
[2013-01-01] this slowing had been broad-based across states and industries, and was particularly pronounced in the household services and retail sectors.
[2013-01-01] the unemployment rate was 7.6 percent in march, a little below its average in the fourth quarter of last year.
[2013-01-01] long-term interest rates in japan had recently been in the range of 0.65-0.70 percent as the bank proceeded with its jgb purchases, although they had risen somewhat, mainly against the background of a
[2013-01-01] Many noted that the slowdown could be a temporary aberration and that other labor market indicators--such as new claims for unemployment insurance, the rate of job openings, and readings on consumers'
[2013-01-01] as permitted under the bank of england act 1998, as amended by the financial services act 2012, dave prentis was also present as an observer in his role as a member of the oversight committee of court
[2013-01-01] the representative from the cabinet office made the following remarks.
[2013-01-01] exports and production had shown signs of stabilizing but growth in business fixed investment, particularly in the nies, had been sluggish as business sentiment remained cautious.