yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2015-09-17] Conditions in the market for residential mortgages continued to improve slowly, with interest rates on 30-year fixed-rate mortgages declining slightly. Bank holdings of closed-end residential loans in
[2015-09-17] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Dennis P. Lockhart, Jerome H. Powell, Daniel K. Tarullo, and John C. Williams.
[2015-09-17] Robert deV. Frierson, Secretary of the Board, Office of the Secretary, Board of Governors
[2015-09-17] Katie Ross,1 Manager, Office of the Secretary, Board of Governors
[2015-09-17] Over the intermeeting period, the concerns about global economic growth and turbulence in financial markets led to greater uncertainty among market participants about the likely timing of the start of
[2015-09-17] When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committe
[2015-09-17] Foreign economic growth remained weak in the second quarter, held back by contractions in real GDP in Canada, Japan, Brazil, and Taiwan, even as activity continued to expand at a moderate pace in the
[2015-09-17] Growth in real GDP over the first half of the year was stronger than participants expected when they prepared their June forecasts, and the unemployment rate declined somewhat more than anticipated. P
[2015-09-17] Randall A. Williams, Information Management Analyst, Division of Monetary Affairs, Board of Governors
[2015-09-17] The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of ro
[2015-09-17] In their discussion of the economic situation and the outlook, meeting participants viewed the information received over the intermeeting period as indicating that economic activity was expanding mode
[2015-09-17] Mr. Lacker dissented because he believed that maintaining exceptionally low real interest rates was not appropriate for an economy with persistently strong consumption growth and tightening labor mark
[2015-09-17] Nellie Liang, Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-09-17] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Recent global economic and financial developments may restrain economic activity somewhat a
[2015-09-17] Broad U.S. equity price indexes were highly correlated with foreign equity indexes over the intermeeting period and posted net declines. Although concerns about global economic growth likely contribut
[2015-09-17] Participants weighed a number of risks associated with the timing of policy firming. Some participants were concerned that the downside risks to inflation could be realized if the target range for the
[2015-09-17] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, October 27-28, 2015. The meeting adjourned at 10:55 a.m. on September 17, 2015.
[2015-09-17] System Open Market Account Reinvestment Policy A staff briefing provided background on the macroeconomic effects of alternative approaches to ceasing reinvestments of principal on securities held in t
[2015-09-17] Minutes of the Federal Open Market Committee September 16-17, 2015 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
[2015-09-17] Gregory L. Stefani, First Vice President, Federal Reserve Bank of Cleveland
[2015-09-17] During their discussion of economic conditions and monetary policy, participants indicated that they did not see the changes in asset prices during the intermeeting period as bearing significantly on
[2015-09-17] Recent readings on headline consumer price inflation reflected only small increases in core inflation and renewed weakness in consumer energy prices. As a result, the 12-month changes in both the tota
[2015-09-17] John J. Stevens, Deputy Associate Director, Division of Research and Statistics, Board of Governors
[2015-09-17] Real private expenditures for business equipment and intellectual property products appeared to be rising moderately. Nominal shipments of nondefense capital goods excluding aircraft increased in July
[2015-09-17] Ellen E. Meade and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2015-09-17] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in July indicated that economic activity was expanding
[2015-09-17] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2015-09-17] Measures of labor compensation rose faster than consumer prices over the past year, but the modest increases in compensation were similar to those seen in recent years. Over the four quarters ending i
[2015-09-17] Staff Review of the Financial Situation Although U.S. economic data releases generally met market expectations, domestic financial conditions tightened modestly as concerns about prospects for global
[2015-09-17] Industrial production increased, on balance, during July and August. Manufacturing production fell in August primarily because of a large drop in the output of motor vehicles and parts that reversed a
[2015-09-17] Elmar Mertens, Senior Economist, Division of Monetary Affairs, Board of Governors
[2015-09-17] After assessing the outlook for economic activity, the labor market, and inflation and weighing the uncertainties associated with the outlook, all but one member concluded that, although the U.S. econ
[2015-09-17] The incoming information on wages and labor compensation, including an especially low reading on the employment cost index for the second quarter, showed no broad-based acceleration. To some, the cont
[2015-09-17] Housing activity was improving, with sales and new construction trending higher. Solid gains in employment and favorable mortgage rates were anticipated to continue to underpin the recovery in housing
[2015-09-17] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2015-09-17] David Bowman, Andrew Figura, David Reifschneider, and Stacey Tevlin, Special Advisers to the Board, Office of Board Members, Board of Governors
[2015-09-17] Notation Vote By notation vote completed on August 18, 2015, the Committee unanimously approved the minutes of the Committee meeting held on July 28-29, 2015.
[2015-09-17] The Committee agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent and to reaffirm in its postmeeting statement that the Committee's decision about how long to maintain t
[2015-09-17] Staff Review of the Economic Situation The information reviewed for the September 16-17 meeting suggested that real gross domestic product (GDP) was expanding at a moderate pace in the third quarter.
[2015-09-17] Eric C. Engstrom, Adviser, Division of Research and Statistics, Board of Governors
[2015-09-17] Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Household spending and business fixed investment have been inc
[2015-09-17] Mary Daly, Troy Davig, Evan F. Koenig, Paolo A. Pesenti, Samuel Schulhofer-Wohl, Ellis W. Tallman, and Christopher J. Waller, Senior Vice Presidents, Federal Reserve Banks of San Francisco, Kansas Cit
[2015-09-17] Participants agreed that labor market conditions had improved considerably since earlier in the year. Payroll employment had been increasing steadily. Underutilization of labor resources had diminishe
[2015-09-17] The U.S. international trade deficit widened in June before narrowing substantially in July. Exports rose in July, supported by increased shipments of non-aircraft capital goods and automobiles, but r
[2015-09-17] Members agreed that labor market conditions had improved considerably since earlier in the year, with ongoing solid gains in payroll employment and the unemployment rate falling to a level quite close
[2015-09-17] Developments in Financial Markets, Open Market Operations, and Policy Normalization The manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial mark
[2015-09-17] Financing conditions in consumer credit markets remained generally accommodative, and the performance of outstanding consumer loans was largely stable. Credit card balances expanded amid gradually eas
[2015-09-17] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2015-09-17] Patrick Harker, Robert S. Kaplan, and Narayana Kocherlakota, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2015-09-17] Participants discussed the potential implications of recent economic and financial developments abroad for U.S. economic activity and inflation. A material slowdown in economic growth in China and pot
[2015-09-17] The information on business spending from District contacts was mixed. Nonresidential construction was reported to be expanding in a number of regions. In manufacturing, the auto industry remained a b
[2015-09-17] Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Governors
[2015-09-17] In assessing whether economic conditions had improved sufficiently to initiate a firming in the stance of policy, many members said that the improvement in labor market conditions met or would soon me
[2015-09-17] Giovanni Olivei, Keith Sill, and Douglas Tillett, Vice Presidents, Federal Reserve Banks of Boston, Philadelphia, and Chicago, respectively
[2015-09-17] James Bullard, Esther L. George, Loretta J. Mester, Eric Rosengren, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2015-10-08] Minutes of the Federal Open Market Committee September 16-17, 2015: HTML | PDF
[2015-10-08] 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
[2015-10-08] The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on September 16-17, 2015. A summary of economic projections made
[2015-10-08] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2015-10-13] The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for August 31 and September 15, 2015.
[2015-10-28] Minutes of the Federal Open Market Committee October 27-28, 2015 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 th
[2015-10-28] Robert deV. Frierson,1 Secretary of the Board, Office of the Secretary, Board of Governors
[2015-10-28] Total U.S. consumer prices in August, as measured by the PCE price index, were unchanged from 12 months earlier, reflecting large declines in consumer energy prices. Core PCE inflation, which excludes
[2015-10-28] 1. Attended Tuesday morning's discussion of equilibrium real interest rates and Wednesday's session. Return to text
[2015-10-28] Real personal consumption expenditures (PCE) appeared to rise at a solid rate in the third quarter as a whole. The components of the nominal retail sales data used by the Bureau of Economic Analysis t
[2015-10-28] Information received since the Federal Open Market Committee met in September suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment ha
[2015-10-28] A staff presentation reviewed issues that could arise if the Treasury was temporarily unable to meet its obligations because of constraints associated with the statutory federal debt limit. Following
[2015-10-28] Jeff Fuhrer, Executive Vice President, Federal Reserve Bank of Boston
[2015-10-28] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2015-10-28] Kei-Mu Yi, Special Policy Advisor to the President, Federal Reserve Bank of Minneapolis
[2015-10-28] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Jeffrey M. Lacker Dennis P. Lockhart Jerome H. Powell Daniel K. Tarullo John C. Williams
[2015-10-28] Overall, financing conditions for nonfinancial businesses were generally accommodative but tightened somewhat for lower-rated firms. Corporate bond issuance rebounded in September after a slowdown in
[2015-10-28] A number of participants indicated that they expected short-run r* to rise as the economic expansion continued, but probably only gradually. Moreover, it was noted that the longer-run downward trend i
[2015-10-28] Mr. Lacker dissented because he continued to believe that maintaining exceptionally low real interest rates was not appropriate for an economy with persistently strong consumption growth and tightenin
[2015-10-28] During their discussion of the likely path for the federal funds rate after the time of the first increase in the target range, participants generally agreed that it would probably be appropriate to r
[2015-10-28] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Dennis P. Lockhart; Jerome H. Powell; Danie
[2015-10-28] Members continued to anticipate that inflation would gradually return to the Committee's 2 percent objective over the medium term, but most of them were not yet sufficiently confident of that outlook
[2015-10-28] Andreas L. Hornstein, Senior Advisor, Federal Reserve Bank of Richmond
[2015-10-28] Yuriy Kitsul, Senior Economist, Division of Monetary Affairs, Board of Governors
[2015-10-28] Notwithstanding the disappointing retail sales data in September, participants were encouraged by the solid pace of consumption growth in the third quarter and generally expected consumer spending to
[2015-10-28] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in September indicated that economic activity had been
[2015-10-28] Real private expenditures for business equipment and intellectual property products appeared to increase at a solid pace in the third quarter. Nominal shipments of nondefense capital goods excluding a
[2015-10-28] A number of participants pointed to various reasons why the Committee should avoid a delay in policy firming. One concern was that such a delay, if the reasons were not well understood by market parti
[2015-10-28] In assessing whether economic conditions and the medium-term economic outlook warranted beginning the process of policy normalization at this meeting, members noted a variety of indicators, including
[2015-10-28] Several participants indicated that, despite lessening concerns about the implications of recent global economic and financial developments for domestic economic activity and inflation, appreciable do
[2015-10-28] The U.S. international trade deficit widened in August as exports declined and imports rose. The fall in exports was concentrated in industrial supplies, while consumer and capital goods accounted for
[2015-10-28] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, December 15-16, 2015. The meeting adjourned at 11:40 a.m. on October 28, 2015.
[2015-10-28] Credit conditions for residential mortgages eased modestly, on net, in the third quarter. A moderate net fraction of SLOOS respondents continued to ease standards on loans eligible for purchase by the
[2015-10-28] Broad U.S. equity price indexes fell in the first few weeks after the September FOMC meeting but subsequently more than retraced those declines. Spreads of yields on triple-B-rated corporate bonds ove
[2015-10-28] 5. Attended through the discussion of equilibrium real interest rates. Return to text
[2015-10-28] When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committe
[2015-10-28] The staff's forecast for inflation in the near term was revised up a little, reflecting recent data, and it was unrevised over the medium term. Energy prices and prices of non-energy imported goods we
[2015-10-28] 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 over the i
[2015-10-28] Staff Economic Outlook In the economic forecast prepared by the staff for the October FOMC meeting, real GDP growth in the second half of this year was a little lower, on balance, than in the projecti
[2015-10-28] Total nonfarm payroll employment expanded at about the same rate in September as in August, although at a slower pace than earlier this year, and the unemployment rate remained at 5.1 percent. Both th
[2015-10-28] Fabio M. Natalucci, Associate Director, Division of Monetary Affairs, Board of Governors
[2015-10-28] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Dennis P. Lockhart, Jerome H. Powell, Daniel K. Tarullo, and John C. Williams.
[2015-10-28] James Bullard, Esther L. George, Loretta J. Mester, Eric Rosengren, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2015-10-28] Andreas Lehnert, Deputy Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-10-28] Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board of Governors; Joyce K. Zickler, Senior Adviser, Division of Monetary Affairs, Board of Governors
[2015-10-28] Staff Review of the Financial Situation Continued concerns about the global economic growth outlook weighed on market sentiment in the United States and abroad early in the intermeeting period, but se
[2015-10-28] The broad nominal index of the dollar's foreign exchange value ended the period little changed on balance. The dollar depreciated early in the period following the weaker-than-expected U.S. employment
[2015-10-28] David Sapenaro, First Vice President, Federal Reserve Bank of St. Louis
[2015-10-28] David Altig, Thomas A. Connors, Eric M. Engen, Michael P. Leahy, William R. Nelson, Glenn D. Rudebusch, Daniel G. Sullivan, and William Wascher, Associate Economists
[2015-10-28] Developments in Financial Markets, Open Market Operations, and Policy Normalization The deputy manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financi
[2015-10-28] Margaret Shanks,2 Deputy Secretary, Office of the Secretary, Board of Governors
[2015-10-28] Nellie Liang, Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-10-28] Foreign economic growth appeared to have improved somewhat in the third quarter following two quarters of slow growth. Economic activity rebounded in Canada after disruptions to energy production earl
[2015-10-28] Nominal Treasury yields declined further, reflecting FOMC communications, concerns about global economic growth, and generally weaker-than-expected U.S. economic data releases. Measures of inflation c
[2015-10-28] In their comments on the briefings and in their discussion of the potential use of r* in monetary policy deliberations, policymakers made a number of observations. The unemployment rate has declined g
[2015-10-28] Continued concerns about the outlook for global economic growth weighed on commodity and foreign equity prices early in the intermeeting period. These declines subsequently were reversed, and foreign
[2015-10-28] Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Governors
[2015-10-28] The Committee also maintained its policy of reinvesting principal payments from its agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing
[2015-10-28] Equilibrium Real Interest Rates The staff presented several briefings regarding the concept of an equilibrium real interest rate--sometimes labeled the "neutral" or "natural" real interest rate, or "r
[2015-10-28] "Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. In particular, the Committee
[2015-10-28] Almost all members agreed that, even though the pace of job gains had slowed and the unemployment rate had held steady over the intermeeting period, labor market indicators, on balance, showed that un
[2015-10-28] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will e
[2015-10-28] In its postmeeting statement, rather than framing its near-term policy path in terms of how long to maintain the current target range, the Committee decided to indicate that, in determining whether it
[2015-10-28] The vote encompassed approval of the statement below to be released at 2:00 p.m.:
[2015-10-28] Participants also discussed a range of topics related to financial market developments and financial stability. They noted that volatility in global financial markets had abated since the previous FOM
[2015-10-28] Conditions in consumer credit markets remained accommodative on balance. Outstanding credit card balances expanded further in August, and a moderate net fraction of banks in the SLOOS indicated that t
[2015-10-28] Robert Rich and Andrea Tambalotti,5 Assistant Vice Presidents, Federal Reserve Bank of New York
[2015-10-28] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants saw the information received over the intermeetin
[2015-10-28] The staff provided its latest report on potential risks to financial stability. Since the previous report in July, financial markets around the globe experienced a surge in volatility that peaked in l
[2015-10-28] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2015-10-28] Edward S. Knotek II and George A. Kahn, Vice Presidents, Federal Reserve Banks of Cleveland and Kansas City, respectively
[2015-10-28] With respect to longer-run trends, the staff noted that multiyear averages of short-term real interest rates had been declining not only in the United States, but also in many other large economies fo
[2015-10-28] Participants generally viewed the housing sector as continuing to recover, although a couple of participants noted that the pace of recovery was slow. Contacts in a number of Districts were upbeat abo
[2015-10-28] Patrick Harker, Robert S. Kaplan, and Narayana Kocherlakota, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2015-10-28] Andrew Figura and Stacey Tevlin, Special Advisers to the Board, Office of Board Members, Board of Governors
[2015-10-28] Robert J. Tetlow, Adviser, Division of Monetary Affairs, Board of Governors
[2015-10-28] Participants discussed how recent economic developments influenced their expectations for reaching the FOMC's 2 percent inflation objective over the medium term. Total PCE price inflation, as measured
[2015-10-28] Although employment growth slowed and the unemployment rate held steady in September, participants agreed that underutilization of labor resources had been reduced since earlier in the year. A number
[2015-10-28] William B. English, Senior Special Adviser to the Board, Office of Board Members, Board of Governors
[2015-10-28] The incoming information on wages and labor compensation, including recent data on average hourly earnings of employees, suggested that the pace of wage gains remained subdued. A number of participant
[2015-10-28] David E. Lebow, Senior Associate Director, Division of Research and Statistics, Board of Governors