yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2013-01-01] recent indicators suggested that the australian economy had been expanding at a below-trend pace.
[2013-01-01] however, the australian equity market had declined, with share prices for some companies falling in response to profit warnings.
[2013-01-01] a few participants commented that the committee's accommodative policies were intended in part to promote a more balanced approach to risk-taking, but several others expressed concern about the potent
[2013-01-01] The first area is the characterization of good monetary policy in increasingly realistic and complex model environments.
[2013-01-01] the european council had agreed a draft directive on banking resolution and recovery, and euro-area governments had finalised the conditions for any deployment of funds from the european stability mec
[2013-01-01] Growth in household spending moderated toward the end of last year,
[2013-01-01] the government had been holding the government-labor-management meetings for realizing a positive cycle of the economy.
[2013-01-01] relative to the october mpr, canadian economic activity is expected to be more restrained.
[2013-01-01] as for interest rates on term instruments, yields on treasury discount bills (t-bills) had fallen slightly, and had been somewhat below the 0.1 percent level for all maturities.
[2013-01-01] market sentiment toward large domestic banking organizations appeared to improve somewhat over the intermeeting period, likely related in part to further reductions in nonperforming loans and growing
[2013-01-01] private consumption had been decelerating, particularly in the asean countries, against the background of (1) the end to the boost from policy measures targeted at car sales and (2) consumer sentiment
[2013-01-01] The Committee continues to view changes in the target range for the federal funds rate as its primary means of adjusting the stance of monetary policy.
[2013-01-01] the u.s. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015.
[2013-01-01] In other cases, it’s pretty clear that inflation has spread more broadly across services.
[2013-01-01] And if we do that, inflation expectations will be right at 2 percent, and that’ll help us achieve 2 percent inflation over time and avoid the situation where the central bank loses its ability to supp
[2013-01-01] Much of this performance was fueled by an investment boom that also contributed importantly to rapid growth in labor productivity.
[2013-01-01] I did indicate that I do have concerns about the scope for monetary policy.
[2013-01-01] My colleagues and I are acutely aware that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation.
[2013-01-01] as for the outlook, they concurred that the economy would gradually show signs of bottoming out -- triggered by an improvement in economic entities' sentiment and the pick-up in exports -- as addition
[2013-01-01] they also agreed that the bank's massive jgb purchases had the effect of compressing risk premia, and this effect would become increasingly pronounced as the bank proceeded with the purchases.
[2013-01-01] the vote encompassed approval of the statement below to be released at 2:00 p.m.: information received since the federal open market committee met in september generally suggests that economic activit
[2013-01-01] meanwhile, firms retained their recovered financial positions on the whole.
[2013-01-01] The Committee also reiterated that it would continue its asset purchases, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a conte
[2013-01-01] many members, however, pointed out that there were still various uncertainties regarding developments in overseas economies.
[2013-01-01] they continued that, on the other hand, the economy might also register lower growth, mainly due to fiscal problems.
[2013-01-01] the board's judgement remained 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 of earlie
[2013-01-01] over time, as the normalization of these conditions unfolds, a gradual normalization of policy interest rates can also be expected, consistent with achieving the 2 per cent inflation target.
[2013-01-01] So the FOMC will always, in some sense, trump the projections of forward interest rates, but clearly, because the participants and the people around the table are the same, the projections should give
[2013-01-01] Total nonfarm payroll employment increased at a solid pace in October and November, and the unemployment rate declined, reaching 4.
[2013-01-01] As a result, most market interest rates rose somewhat in the period after the November 16 meeting.
[2013-01-01] caution about high debt levels has begun to restrain household spending.
[2013-01-01] In real terms, with a 2 percent inflation objective—that’s 1 percent in real terms.
[2013-01-01] the slightly softer outlook for economic activity overall was expected to affect the labour market.
[2013-01-01] while the exchange rate had depreciated over the month, members agreed that it remained uncomfortably high and a lower level would likely be needed to achieve balanced growth in the economy.
[2013-01-01] as for prices, international commodity prices had been more or less level.
[2013-01-01] consumer spending is expected to grow at a moderate pace over the projection horizon, while residential investment declines further from historically high levels.
[2013-01-01] supported by central bank actions and by positive policy developments in europe, global financial conditions are more stimulative.
[2013-01-01] growth in the japanese economy picked up in the march quarter and indicators of activity pointed to continued growth in april.
[2013-01-01] this acceleration in economic activity was expected to be supported by an easing in the effects of fiscal policy restraint on economic growth, increases in consumer and business sentiment, continued i
[2013-01-01] Yields on longer-term inflation-indexed Treasury securities, which are relatively illiquid, rose more sharply than did those on nominal securities.
[2013-01-01] the committee expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline toward levels the committee judges c
[2013-01-01] in japan, it was too early to assess the effects of the material loosening of monetary policy on the economic outlook, although household real consumption had risen sharply in march, and commentators
[2013-01-01] in japan, fiscal and monetary policy stimulus is contributing to a rapid recovery in economic growth.
[2013-01-01] the government would swiftly implement the supplementary budget for fiscal 2012, which had been approved by the diet on february 26, 2013, and steadily implement the fiscal 2013 budget and the fiscal
[2013-01-01] however, the bank must also take into consideration the risk of exacerbating already-elevated household imbalances.
[2013-01-01] as long as there is significant slack in the canadian economy, the inflation outlook remains muted, and imbalances in the household sector continue to evolve constructively, the considerable monetary
[2013-01-01] that pickup in growth had been slightly more brisk than the committee had judged likely at the time of the august inflation report.
[2013-01-01] the currencies of brazil, india and other emerging economies had appreciated from their recent low points, while foreign exchange markets generally were more subdued through october.
[2013-01-01] As reflected in their SEP projections, participants regarded the current stance of monetary policy as likely to remain appropriate for a time as long as incoming information about the economy remained
[2013-01-01] By fostering increased interactions among central banks, academics, and the public in many different countries, globalization has helped spread a common culture that stresses the benefits of achieving
[2013-01-01] the bank expects trend growth in household credit to moderate further, with the debt-to-income ratio stabilizing near current levels.
[2013-01-01] Some members expressed a concern that in this context any further adverse shocks could have disproportionate effects, resulting in a significant slowing in growth going forward.
[2013-01-01] changes in opec production would, however, probably remain a key driver of oil prices.
[2013-01-01] inflation in canada has remained low in recent months, reflecting the significant slack in the economy, heightened competition in the retail sector, and other sector-specific factors.
[2013-01-01] overall, the global economy is projected to grow by 2.8 per cent in 2013 and accelerate to 3.4 per cent in 2014 and 3.6 per cent in 2015.
[2013-01-01] on this point, many members noted that, according to the june 2013 _tankan, business sentiment was clearly improving across a wider range of_ industries.
[2013-01-01] (3) the government and the bank had released a joint statement on january 22, 2013.
[2013-01-01] the committee will closely monitor incoming information on economic and financial developments in coming months and will continue its purchases of treasury and agency mortgage-backed securities, and e
[2013-01-01] Some members nonetheless referred to indications of increasing expenditures for various categories of high-tech equipment and software, and they noted that impetus to demand from a positive outcome in
[2013-01-01] in terms of global financial markets, members agreed that some nervousness had been seen in some parts of the markets in particular, due to heightened uncertainty over the political situation in italy
[2013-01-01] inference about the labor force participation rate was complicated by its long-run downward trend.
[2013-01-01] china’s economy is showing renewed momentum, while growth in a number of other emerging market economies has slowed as their financial conditions have tightened.
[2013-01-01] on this basis, the member commented that, if the real gdp growth rate rose even slightly from the current level, the unemployment rate would decline and the inflation rate would rise, and this might b
[2013-01-01] growth in total household credit has slowed and the bank continues to expect that the household debt-to-income ratio will stabilize near current levels.
[2013-01-01] as for prices, there were some signs that prices had stopped decreasing across a wide range of items, indicating that deflation was ending.
[2013-01-01] in due course, inflation would be pushed up for a period by the lower exchange rate, but even so was forecast to be around the middle of the target range.
[2013-01-01] regarding the nies and the asean countries, these economies had been picking up on the whole, but the pace still continued to be moderate in the corporate sector.
[2013-01-01] Treasury bond yields declined somewhat, perhaps reflecting both expectations of lower policy rates and greater investor demands for safety.
[2013-01-01] compensation per hour in the nonfarm business sector rose modestly over 2012, and, with small increases in productivity, unit labor costs also advanced only modestly.
[2013-01-01] many members pointed to the fact that the year-on-year rate of increase in the cpi (all items less food and energy) for october 2013 had risen to 0.3 percent and that the number of items for which pri
[2013-01-01] housing investment had increased and was expected to continue trending upward.
[2013-01-01] The pace of inventory liquidation was thought likely to moderate in coming quarters and subsequently turn to accumulation as inventories came into better balance with sales, with increasingly positive
[2013-01-01] although the extent of the final pass-through to domestic prices was uncertain, that appreciation would contribute to disinflationary pressure.
[2013-01-01] one member expressed the view that, with an increase in scheduled cash earnings, medium- to long-term inflation expectations would become more likely to rise since there would be a growing tendency am
[2013-01-01] on net, the u.k. 10-year sovereign yield increased, though by less than the comparable yield in the united states, while the yield on german bunds was little changed.
[2013-01-01] commodity prices have remained at historically elevated levels, though temporary disruptions and persistent transportation bottlenecks have led to a record discount on canadian heavy crude.
[2013-01-01] So the Committee estimates that the longer-run normal level of the unemployment rate is 5.0 to 5.2.
[2013-01-01] Some members observed that while slower growth in consumer spending was the most probable forecast, they saw an upside risk from the wealth effects of the large rise that had occurred in the value of
[2013-01-01] therefore, the government deemed it necessary to pay due attention to price developments and the downside risks to the economy stemming from the slowdown in overseas economies.
[2013-01-01] the committee also retained its forward guidance about the federal funds rate, including the thresholds on the unemployment and inflation rates.
[2013-01-01] while household spending remains solid, slower growth of household credit and higher mortgage interest rates point to a gradual unwinding of household imbalances.
[2013-01-01] the funding conditions of european financial institutions had recently been even more stable.
[2013-01-01] the weakness in core inflation reflects persistent material excess capacity, heightened competitive pressures on retailers, relatively subdued wage increases, and some temporary sector-specific factor
[2013-01-01] it had turned upward -- albeit marginally -- in the january-march quarter of 2013 on a quarter-on-quarter basis for the first time in four quarters, and had increased moderately in the april-june and
[2013-01-01] with regard to the fact that the year-on-year rate of change in the index for televisions turned positive in the cpi for the tokyo metropolitan area for may, one member was paying attention to whether
[2013-01-01] government funding levels had been agreed for the remainder of the fiscal year, thereby averting a federal government shutdown, but the $85 billion of sequestration cuts to the annual budget had been
[2013-01-01] members made an assessment in terms of the first perspective; an assessment of the baseline scenario of the outlook for economic activity and prices through fiscal 2015.
[2013-01-01] as for employment, one member noted that, if unit labor costs continued to increase, in order to maintain the large increase in the employment level, the economy would need to grow at a higher rate.
[2013-01-01] there had been a number of uk monetary policy communications during the month: the statement released at the conclusion of the committee’s previous meeting; the publication of both the minutes of that
[2013-01-01] the bank expects that the economy will return gradually to full production capacity, around the end of 2015.
[2013-01-01] By definition, this excess of U.S. payments to foreigners over payments received in a given period equals the U.S. current account deficit, which, as I have already noted, was $666 billion in 2004--cl
[2013-01-01] The first driver is the long-term increase in the demand for currency and reserves.
[2013-01-01] a different member pointed to the possibility that the efforts toward increasing base pay would not spread sufficiently, in which case wages and prices might be weaker than expected.
[2013-01-01] excluding local public bodies, the proportion of projects - measured in terms of their number -- for which contracts were concluded with private firms and actual work started had risen further from ar
[2013-01-01] And as I mentioned, I think at the last press conference, estimates by the—by members of the Committee have moved down by a full percentage point since maybe 2012 as we’ve learned—as unemployment has
[2013-01-01] nonetheless, exports should remain below their pre-recession peak until the second half of 2014 owing to a lower track for foreign demand and ongoing competitiveness challenges, including the persiste
[2013-01-01] staff review of the economic situation the information reviewed at the january 29-30 meeting indicated that the expansion in overall economic activity slowed in the fourth quarter of last year, reflec
[2013-01-01] the government strongly expected that this new framework would facilitate the elimination of deflationary expectations.
[2013-01-01] the u.s. economy generally continued to recover at a moderate pace, particularly in the household sector, although signs of weakness were observed in the corporate sector.
[2013-01-01] a few other members said that, if the recent trend of the yen's depreciation continued, this could be expected to have positive effects on prices through an improvement in economic activity and a rise
[2013-01-01] By reducing our scope to support the economy by cutting interest rates, the lower bound increases downward risks to employment and inflation.22 To counter these risks, we are prepared to use our full
[2013-01-01] the value of public works contracted -- a measure that reflected public works orders -- had been more or less flat, albeit with monthly fluctuations, after having surged in the april-june quarter.
[2013-01-01] members generally continued to see the downside risks to the outlook for the economy and the labor market as having diminished, on net, since last fall.
[2013-01-01] the effects of stimulatory monetary policy were continuing to emerge.
[2013-01-01] the global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for canada.
[2013-01-01] members noted that the expectation within financial markets remained that forthcoming changes to the bank of japan's executive would usher in a more aggressive policy stance.
[2013-01-01] however, many participants also expressed some concerns about potential costs and risks arising from further asset purchases.
[2013-01-01] on balance, with growth expected to remain below trend for longer and inflation to remain within the target even with the effects of a lower exchange rate, members concluded that a lower level of the
[2013-01-01] I don’t really think asset prices themselves represent a significant threat to financial stability, and that’s because households are in good shape financially than they have been.
[2013-01-01] private consumption was expected to remain resilient, supported in part by improvement in the employment situation.
[2013-01-01] Moving to such a system would require assigning monetary policy to the task of targeting exchange rates, and countries are free to do so if they wish.
[2013-01-01] on a quarterly basis, growth in canada is expected to pick up to about 2.5 per cent in the second half of this year.
[2013-01-01] meanwhile, international commodity prices had been more or less flat on the whole, although they continued to be weak from a relatively longer-term perspective in a situation where recovery in emergin
[2013-01-01] the vote encompassed approval of the statement below to be released at 2:00 p.m.: information received since the federal open market committee met in january suggests a return to moderate economic gro
[2013-01-01] as previously announced, and as described in a market notice of 7 march 2013, the committee had agreed at its previous meeting to reinvest the £6.6 billion of cash flows associated with the redemption
[2013-01-01] housing investment had also been showing clear signs of picking up, albeit at a depressed level.
[2013-01-01] private nonfarm employment rose at a solid pace in june, as in recent months, while total government employment decreased further.
[2013-01-01] In terms of the, you know, inflation, a couple things—your second question.
[2013-01-01] consumer confidence had also improved, and credit conditions appeared to be stabilising.
[2013-01-01] the bank expects economic growth to pick up through 2013. business investment and exports are projected to rebound as foreign demand strengthens, uncertainty diminishes and the temporary factors that
[2013-01-01] exports of motor vehicles and their related goods -- due in part to the effects of developments in foreign exchange rates -- had resumed an uptrend, assisted by a pick-up in those to china -- which ha
[2013-01-01] the u.s. economic expansion is proceeding at a moderate pace, with the continued strengthening in private demand being partly offset by the impact of fiscal consolidation.
[2013-01-01] meanwhile, economic activity in the united kingdom was picking up.
[2013-01-01] the consensus view within financial markets remained for a ‘tapering’ of the fed's asset purchases to commence in march.
[2013-01-01] banks were well placed to meet the basel iii capital requirements, which apra had begun phasing in from the start of the year.
[2013-01-01] these positive factors were partly offset in the staff's medium-term gdp projection by higher projected paths for both longer-term interest rates and the foreign exchange value of the dollar.
[2013-01-01] in a situation where reconstruction-related demand was likely to persist, in order to continue supporting the efforts of financial institutions in disaster areas toward rebuilding, the staff considere
[2013-01-01] another member noted the possibility that downward pressure on scheduled cash earnings would remain, reflecting the rising trend in the ratio of part-time workers.
[2013-01-01] the bank expects that a better balance between domestic and foreign demand will be achieved over time and that growth will become more self-sustaining.
[2013-01-01] the recovery in the united states appeared to be continuing at a moderate pace, notwithstanding some signs that fiscal consolidation was weighing on private demand.
[2013-01-01] after picking up to very strong rates in the second half of 2012, growth in china has eased.
[2013-01-01] the bank's forecasts for inflation to remain close to the target over the next year or so assumed ongoing productivity growth and wage growth remaining around the more moderate pace of recent quarters
[2013-01-01] ” The vote encompassed approval of the paragraph below for inclusion in the statement to be released shortly after the meeting: “The Committee perceives the upside and downside risks to the attainment
[2013-01-01] As long as the Federal Reserve is required to set and report ranges for money and debt growth, it should update them as appropriate.
[2013-01-01] In spite of having such slow growth, disappointing productivity growth, we have a labor market that last year generated an average of about 230,000 jobs a month and so far this year has been generatin
[2013-01-01] The pace of job gains slowed and the unemployment rate held steady.
[2013-01-01] meanwhile, in emerging and commodity-exporting economies, stock prices had been more or less unchanged at high levels and currencies -- from a relatively long-term perspective -- had been on an apprec
[2013-01-01] the pickup in growth was supported by: a moderate but persistent expansion in global demand; the sustained stimulus from monetary policy; a further easing in credit conditions aided by the fls and ste
[2013-01-01] in canada, the slowdown in the second half of 2012 was more pronounced than the bank had anticipated, owing to weaker business investment and exports.
[2013-01-01] The period of sub-par expansion was expected to foster an appreciable easing of pressures on resources and some moderation in core price inflation.
[2013-01-01] the nascent recovery in europe, while modest, has surprised on the upside.
[2013-01-01] But, in the interim, the absence of increasing inflation pressures meant that the Federal Reserve did not need to tighten to bring demand back in line with the potential as soon as it otherwise might
[2013-01-01] ” The vote encompassed approval of the text below for inclusion in the statement to be released at 2:15 p. m. : “In these circumstances, the Committee’s predominant policy concern remains the risk tha