yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2017-07-26] Members agreed that, at this meeting, the Committee should further clarify the time at which it expected to begin its program for reducing its securities holdings in a gradual and predictable manner.
[2017-07-26] Staff Review of the Economic Situation The information reviewed for the July 25-26 meeting showed that labor market conditions continued to strengthen in June and that real gross domestic product (GDP
[2017-07-26] Nominal outlays for defense through June pointed to an increase in real federal government purchases in the second quarter. However, real purchases by state and local governments appeared to have decl
[2017-07-26] Stephen A. Meyer, Deputy Director, Division of Monetary Affairs, Board of Governors; Mark E. Van Der Weide, Deputy Director, Division of Supervision and Regulation, Board of Governors
[2017-07-26] Total industrial production rose moderately, on balance, in May and June, as an increase in the output of mines and utilities more than offset a net decline in manufacturing production. Automakers' as
[2017-07-26] Financing conditions for commercial real estate (CRE) remained accommodative, although the growth of CRE loans on banks' books slowed somewhat. Respondents to the July SLOOS reported tightening credit
[2017-07-26] 4. The second vote of the Board also encompassed approval of the establishment of the interest rates for secondary and seasonal credit under the existing formulas for computing such rates. Return to t
[2017-07-26] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Jerome H. Powell.
[2017-07-26] Financing conditions in the residential mortgage market were little changed, and flows of new credit continued at a moderate pace. However, growth of mortgage loans on banks' books slowed somewhat in
[2017-07-26] Gregory L. Stefani, First Vice President, Federal Reserve Bank of Cleveland
[2017-07-26] Notation Vote By notation vote completed on July 3, 2017, the Committee unanimously approved the minutes of the Committee meeting held on June 13-14, 2017.
[2017-07-26] Conditions in short-term funding markets were stable over the intermeeting period. Reflecting the FOMC's policy action in June, yields on a broad set of money market instruments moved about 25 basis p
[2017-07-26] Daniel Aaronson, Joe Peek, and Jonathan L. Willis, Vice Presidents, Federal Reserve Banks of Chicago, Boston, and Kansas City, respectively
[2017-07-26] Total U.S. consumer prices, as measured by the PCE price index, increased 1-1/2 percent over the 12 months ending in May. Core PCE price inflation was also 1-1/2 percent over that same period. Over th
[2017-07-26] On a 12‑month basis, overall inflation and the measure excluding food and energy prices had declined and were running below 2 percent. Market-based measures of inflation compensation remained low; sur
[2017-07-26] Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this y
[2017-07-26] Consumer credit continued to grow on a year-over-year basis, but the expansion of credit card and auto loan balances appeared to slow from the rapid pace that was evident through the end of last year.
[2017-07-26] The increase in the FOMC's target range for the federal funds rate at the June meeting was reflected in other money market interest rates, and the effective federal funds rate was near the middle of t
[2017-07-26] Participants discussed the softness in inflation in recent months. Many participants noted that much of the recent decline in inflation had probably reflected idiosyncratic factors. Nonetheless, PCE p
[2017-07-26] 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
[2017-07-26] Antulio N. Bomfim, Ellen E. Meade, Edward Nelson, Robert J. Tetlow, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of
[2017-07-26] Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessment of realized and expected economic conditions relative to t
[2017-07-26] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Scott G. Alvarez, General Counsel Michael Held, Deputy General Counsel Steven B. Kamin, Economist
[2017-07-26] 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
[2017-07-26] Yields on intermediate- and longer-term nominal Treasury securities increased slightly over the intermeeting period. Although yields fell following the publication of lower-than-expected CPI data, yie
[2017-07-26] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in June indicated that the labor market had contin
[2017-07-26] John Kandrac, Senior Economist, Division of Monetary Affairs, Board of Governors
[2017-07-26] Selection of Committee Officer By unanimous vote, the Committee selected Mark E. Van Der Weide to serve as general counsel, effective at the time he becomes the Board of Governors' general counsel, un
[2017-07-26] Real PCE appeared to have rebounded in the second quarter after increasing only modestly in the first quarter. Much of the rebound looked to have been concentrated in spending on energy services and e
[2017-07-26] 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, July 25
[2017-07-26] 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
[2017-08-03] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2017-08-03] Notification Participants will be able to view their awards by accessing the Term Deposit Facility application.
[2017-08-03] See the TDF Resource Center for additional details regarding this feature and the terms and conditions for early withdrawal (www.frbservices.org/centralbank/term_deposit_facility.html).
[2017-08-03] Additional information, including the steps that institutions must complete to be eligible to participate in term deposit operations are available at http://www.frbservices.org/centralbank/term_deposi
[2017-08-03] The operation will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility (http://www.frbservices.org/centralbank/term_deposit_facility
[2017-08-03] Early Withdrawal The penalty for obtaining a return of funds prior to the maturity date includes the forfeiture of all interest on the term deposit plus an additional fee of 0.75000 percent at an annu
[2017-08-03] Summary operation results will be published on the Board of Governors' website (http://www.federalreserve.gov/monetarypolicy/tdf.htm) at approximately 3:30 p.m. EDT on the notification date.
[2017-08-03] On August 10, 2017, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its TDF. The Federal Reserve will offer seven-day term deposits
[2017-08-03] The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational
[2017-08-03] Submission of Tender Participants must submit tenders by accessing the Term Deposit Facility application (https://www.federalreserve.org/arrow/ARROWWeb/home.do) between the opening time and the closin
[2017-08-10] The awarded deposits will settle on August 10, 2017, and will mature on August 17, 2017. The operation effective rate will apply to all awarded deposits.
[2017-08-10] On August 10, 2017, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to
[2017-08-16] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2017-08-16] 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
[2017-08-16] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 25-26, 2017.
[2017-08-16] Minutes of the Federal Open Market Committee July 25-26, 2017: HTML | PDF
[2017-08-22] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings for July 17 and July 26, 2017.
[2017-09-20] Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this y
[2017-09-20] Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessment of realized and expected economic conditions relative to t
[2017-09-20] The nominal U.S. international trade deficit narrowed substantially in June and was about unchanged in July. After increasing in June, exports retraced a bit of this gain in July, with lower exports o
[2017-09-20] 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
[2017-09-20] David Bowman, Joseph W. Gruber, David Reifschneider, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2017-09-20] Real private expenditures for business equipment and intellectual property appeared to be increasing at a solid rate in the third quarter. Nominal orders and shipments of nondefense capital goods excl
[2017-09-20] Randall A. Williams, Information Manager, Division of Monetary Affairs, Board of Governors
[2017-09-20] Total U.S. consumer prices, as measured by the PCE price index, increased nearly 1-1/2 percent over the 12 months ending in July. Core PCE price inflation, which excludes consumer food and energy pric
[2017-09-20] Notation Vote By notation vote completed on August 15, 2017, the Committee unanimously approved the minutes of the Committee meeting held on July 25-26, 2017.
[2017-09-20] Participants raised a number of important considerations about the implications of persistently low inflation for the path of the federal funds rate over the medium run. Several expressed concern that
[2017-09-20] The Committee directs the Desk to continue rolling over at auction Treasury securities maturing during September, and to continue reinvesting in agency mortgage-backed securities the principal payment
[2017-09-20] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives
[2017-09-20] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent
[2017-09-20] Interest rates on 30-year fixed-rate residential mortgages moved lower over the intermeeting period, in line with comparable-maturity Treasury yields. Growth in mortgage lending for home purchases pic
[2017-09-20] In their discussion of monetary policy, all participants agreed that the economy had evolved broadly as they had anticipated at the time of the June meeting and that the incoming data had not material
[2017-09-20] Total industrial production (IP) increased for a sixth consecutive month in July but then declined sharply in August. The decrease in August largely reflected the temporary effects of Hurricane Harvey
[2017-09-20] Overall, the available information suggested that, although the storms would likely affect the quarterly pattern of changes in real GDP at least through the second half of the year, economic activity
[2017-09-20] Participants acknowledged that Hurricanes Harvey, Irma, and Maria would affect economic activity in the near term. They expected growth of real GDP in the third quarter to be held down by the severe d
[2017-09-20] Against the backdrop of the continued strengthening in labor market conditions, participants discussed recent wage developments. Increases in most aggregate measures of hourly wages and labor compensa
[2017-09-20] 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, Septemb
[2017-09-20] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2017-09-20] Total nonfarm payroll employment rose solidly in July and August, with strong gains in private-sector jobs and declines in government employment. The unemployment rate dipped to 4.3 percent in July an
[2017-09-20] In their discussion of the economic situation and the outlook, meeting participants agreed that information received over the intermeeting period indicated that the labor market had continued to stren
[2017-09-20] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2017-09-20] Spencer Krane and Keith Sill, Senior Vice Presidents, Federal Reserve Banks of Chicago and Philadelphia, respectively
[2017-09-20] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2017-09-20] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2017-09-20] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in July indicated that the labor market had contin
[2017-09-20] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets over the period sin
[2017-09-20] Short-dated Treasury bill yields were elevated for a time, reflecting concerns about potential delays in raising the federal debt limit. However, following news of an agreement to extend the debt ceil
[2017-09-20] Gross issuance of municipal bonds was strong in August, and spreads of yields on municipal bonds over those on comparable-maturity Treasury securities increased a bit over the intermeeting period. The
[2017-09-20] Consumer credit continued to be readily available for most borrowers, and overall loan balances rose at a moderate pace in the second quarter, reflecting further expansions in credit card, auto, and s
[2017-09-20] 4. In compliance with the FOIA Improvement Act of 2016, the earlier version of the Rules was published in the Federal Register as an interim final rule on December 27, 2016. Return to text
[2017-09-20] Since the July FOMC meeting, asset price movements in global financial markets were driven by geopolitical tensions in the Korean peninsula, improving economic prospects abroad, communications from AF
[2017-09-20] In October, the Committee will initiate the balance sheet normalization program described in the June 2017 Addendum to the Committee's Policy Normalization Principles and Plans."
[2017-09-20] Secretary's note: On September 27, 2017, the Foreign Currency Subcommittee provided to the Federal Reserve Bank selected to conduct open market operations instructions that incorporated the staff reco
[2017-09-20] Effective in October 2017, the Committee directs the Desk to roll over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calen
[2017-09-20] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2017-09-20] 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. On the one hand, many financial market
[2017-09-20] Foreign economic activity continued to expand at a solid pace. Economic growth picked up in the advanced foreign economies (AFEs) in the second quarter, especially in Canada, and incoming indicators s
[2017-09-20] Yields on intermediate- and longer-term nominal Treasury securities decreased modestly over the intermeeting period. Treasury yields fell following the July FOMC meeting, reflecting the response of in
[2017-09-20] By unanimous vote, the Committee ratified the Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's account during the
[2017-09-20] Despite generally better-than-expected earnings releases, AFE equity prices were mixed over the period, with bank stocks underperforming broader indexes. Outside South Korea, most emerging market asse
[2017-09-20] Martin Bodenstein, Principal Economist, Division of Monetary Affairs, Board of Governors
[2017-09-20] The deputy manager followed with a report on developments in money markets and open market operations over the intermeeting period. The effective federal funds rate remained near the center of the FOM
[2017-09-20] 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
[2017-09-20] Edward S. Prescott, Senior Professional Economist, Federal Reserve Bank of Cleveland
[2017-09-20] The growth of commercial real estate (CRE) loans on banks' books continued to moderate in July and August, reflecting a slowdown in lending both for nonfarm nonresidential units and for construction a
[2017-09-20] Consistent with the expectation that a gradual rise in the federal funds rate would be appropriate, many participants thought that another increase in the target range later this year was likely to be
[2017-09-20] Antulio N. Bomfim, Edward Nelson, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2017-09-20] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to leave the interest rates on required and excess res
[2017-09-20] Several pieces of information suggested that real PCE was likely increasing at a slower rate in the third quarter than in the second. First, the components of the nominal retail sales data used by the
[2017-09-20] Staff Economic Outlook The U.S. economic projection prepared by the staff for the September FOMC meeting was broadly similar to the previous forecast. Real GDP was expected to rise at a solid pace, on
[2017-09-20] Minutes of the Federal Open Market Committee September 19-20, 2017 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
[2017-09-20] 2. Attended the discussions of the proposed changes to Rules Regarding Availability of Information and developments in financial markets and open market operations. Return to text
[2017-09-20] FOMC communications over the intermeeting period reportedly were interpreted as indicating a somewhat slower pace of increases in the target range for the federal funds rate than previously expected.
[2017-09-20] 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 to 1-1/4 percent. The stance of monetary poli
[2017-09-20] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Hurricanes Harvey, Irma, and Maria have devastated many communities, inflicting severe hard
[2017-09-20] Participants generally indicated that, before the recent hurricanes, business activity in their Districts was expanding at a moderate pace. Although industrial production in areas affected by the stor
[2017-09-20] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2017-09-20] 5. The background materials prepared by the staff for this meeting were completed before the full effects of Hurricane Maria were evident. Return to text
[2017-09-20] The staff's forecast for consumer price inflation, as measured by the change in the PCE price index, was revised up somewhat for 2017 in response to hurricane-related effects on gasoline prices. The n
[2017-09-20] Staff Review of the Financial Situation Domestic financial market conditions remained generally accommodative over the intermeeting period. U.S. equity prices increased, longer-term Treasury yields de
[2017-09-20] "Effective September 21, 2017, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 1 to 1-1/4 pe
[2017-09-20] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, October 31-November 1, 2017. The meeting adjourned at 10:05 a.m. on September 20, 2017.
[2017-09-20] Secretary's note: The amended Rules adopted at this meeting were published in the Federal Register as a final rule on October 2, 2017, and will go into effect 30 days following publication.
[2017-09-20] Incoming data on business spending showed that equipment investment had picked up during 2017 after having been weak during much of 2016. Shipments and orders of nondefense capital goods had been on a
[2017-09-20] Labor market conditions strengthened further in recent months. The increases in nonfarm payroll employment in July and August remained well above the pace likely to be sustainable in the longer run. A
[2017-09-20] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2017-09-20] Broad U.S. equity price indexes increased over the intermeeting period. One-month-ahead option-implied volatility of the S&P 500 index--the VIX--remained at historically low levels despite brief spike
[2017-09-20] Total real government purchases looked to be roughly flat, on balance, in the third quarter. Nominal outlays for defense in July and August pointed to a small increase in real federal government purch
[2017-09-20] Proposed Changes to Rules Regarding Availability of Information The Committee unanimously voted to further amend its Rules Regarding Availability of Information (Rules) in order to incorporate input r
[2017-09-20] David Altig, Kartik B. Athreya, Glenn D. Rudebusch, and Geoffrey Tootell, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, San Francisco, and Boston, respectively
[2017-09-20] David E. Lebow and Michael G. Palumbo, Senior Associate Directors, Division of Research and Statistics, Board of Governors
[2017-09-20] Recent information on housing activity suggested that real residential investment spending was decreasing in the third quarter after declining in the second quarter. Starts for new single-family homes
[2017-09-20] In financial markets, longer-term interest rates and the foreign exchange value of the dollar declined over the intermeeting period, and equity prices increased. It was noted that U.S. financial condi
[2017-09-20] Staff Review of the Economic Situation The information reviewed for the September 19-20 meeting showed that labor market conditions continued to strengthen in July and August and that real gross domes
[2017-09-20] James A. Clouse, Thomas A. Connors, Evan F. Koenig, William Wascher, Beth Anne Wilson, and Mark L.J. Wright, Associate Economists