yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2007-01-01] Through this channel, the decline in inflation volatility should be reflected in a smaller inflation risk premium in nominal bond yields, which is exactly what is estimated in the Kim, Walsh, and Wei
[2007-01-01] "4 While this new framework represents a robust evolution in our monetary policy strategy, this strategy is in service to the dual-mandate goals of monetary policy assigned to the Federal Reserve by t
[2007-01-01] but there was relatively little information, as yet, and the early figures were subject to revision as further settlements were recorded.
[2007-01-01] When governments resort to printing money to finance their spending, inflation rises and nominal assets lose their value.
[2007-01-01] Certainly, if we are to remain preeminent in transforming knowledge into economic value, the U.S. system of higher education must remain the world's leader in generating scientific and technological b
[2007-01-01] the latest cpi data were regarded as providing confirmation that prices had indeed increased more modestly over the past six months than had been the case around the middle of 2006.
[2007-01-01] That should gradually return the economy to full utilization of its resources, while inflation remains subdued.
[2007-01-01] a different member said that growth in sales tax revenue tended to be slower in those states where the rate of decline in housing prices was faster, and this might indicate that the decline in housing
[2007-01-01] Already, various trimmed price indexes are running much closer to 2 percent.
[2007-01-01] the nikkei 225 stock average had recently dropped to the range of 15,000-15,500 yen.
[2007-01-01] this member continued, however, that these changes did not reflect an economic downturn.
[2007-01-01] on the supply of labour, there was little indication that the extent of inward migration would diminish in the near term and there probably remained a degree of slack in the labour market.
[2007-01-01] In contrast, in cases in which variations in the demand for reserves or in external factors affecting reserve supply appear likely to be temporary, the Desk typically prefers to conduct open-market op
[2007-01-01] there had been little change in the outlook for the world economy since the previous board meeting.
[2007-01-01] as for services consumption, sales in the food service industry had continued to trend upward, and outlays for travel, especially overseas travel, had been firm.
[2007-01-01] this reflected a trend towards higher gearing among businesses in a world that had seen macroeconomic stability, low volatility and high returns to equity for several years.
[2007-01-01] participants generally expected that core inflation would edge lower over the next two years, reflecting a slight easing of pressures on resources, well-anchored inflation expectations, and the waning
[2007-01-01] Committee Policy Action Members viewed the information on U. S. economic activity received over the intermeeting period as suggesting that the economy had been expanding moderately and generally agree
[2007-01-01] further out, international nominal forward rates derived from yields on government bonds had changed less beyond the five-year horizon.
[2007-01-01] Communications about monetary policy over the intermeeting period generally had little effect on Treasury yields or the expected path of the federal funds rate.
[2007-01-01] The rationale for monetary policy tightening is, in my judgment, quite straightforward and flows from two assessments about the current state of the economy.
[2007-01-01] a second channel was via the associated impact on asset prices, which would reduce wealth and affect the value of collateral available to borrowers.
[2007-01-01] The Federal Reserve and ECB Framework Reviews The monetary policy framework reviews conducted by the Federal Reserve and the ECB provide another example of monetary policy correlation.
[2007-01-01] members reviewed a number of issues arising from the repricing of risk, which came after a long period during which risk was widely considered to be underpriced.
[2007-01-01] policy expectations declined a bit more in the wake of the chairman’s semiannual monetary policy testimony, which apparently reinforced investors’ beliefs that the fomc anticipated gradually diminishi
[2007-01-01] those heightened concerns had increased investor perceptions of the risks associated with individual banks, as evidenced by higher premia on credit default swaps.
[2007-01-01] yield differentials between their sovereign bonds and u.s. treasuries, which had fluctuated widely, had expanded recently.
[2007-01-01] The Federal Open Market Committee (FOMC) has been responsible for monetary policy decisions in the United States since it was established by the Banking Act of 1935, two decades after the founding of
[2007-01-01] the year-on-year rate of change in the cpi (excluding fresh food) was minus 0.3 percent in march mainly due to declines in airfares and mobile telephone charges in addition to a slightly increased neg
[2007-01-01] (3) the subprime mortgage problem, which had begun to be resolved, still required careful monitoring.
[2007-01-01] Because, under a simple feedback policy, private-sector expectations are likely to be broadly consistent with the central bank's plans, the effectiveness of monetary policy would be enhanced as well.
[2007-01-01] overall business conditions had increased in the june quarter, according to the nab survey, and were around previously recorded peaks labour market data had continued to be strong.
[2007-01-01] Based on historical experience, it seems improbable that all of the large rise in multifactor productivity could be attributed to cyclical or transitory factors.
[2007-01-01] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that the coronavirus outbreak was causing tremendous human and economic hardship across the United State
[2007-01-01] turning to the outlook for inflation, members took account of wages growth running at about 4¼ per cent, adjusting for the changed timing of the most recent minimum wage increase, and the fact that ca
[2007-01-01] with regard to the cause of the rise in long-term interest rates, some members said that it was important to find out whether it reflected improved prospects of economic expansion or higher inflation
[2007-01-01] Most participants expected that, following the slowdown in the first quarter, real economic activity would resume expansion at a moderate pace, and that labor market conditions would improve further.
[2007-01-01] the news from the united states had probably been to the downside for the committee over the month, though not by enough to change its views on the outlook for the us economy to a significant extent.
[2007-01-01] although many of those economies recently experienced sharp declines in equity prices and widening credit spreads amid deepening concerns about credit quality, these developments occurred too late in
[2007-01-01] the year-on-year rate of change in the cpi (excluding fresh food, on a nationwide basis) had been around zero percent, mainly due to the past drop in crude oil prices.
[2007-01-01] With the Committee in the process of reviewing its monetary policy strategies and communication, and no additional accommodation being provided at this meeting, a few members indicated that they could
[2007-01-01] That said, the data also indicate that a surge in COVID-19 cases in the summer and supply-chain bottlenecks held back economic activity in the third quarter.
[2007-01-01] based on their assessment of the economic and financial situation, members discussed the monetary policy stance for the immediate future.
[2007-01-01] For 2000, the Committee agreed on a tentative basis in June to retain the same ranges for growth of the monetary aggregates and debt, measured from the fourth quarter of 1999 to the fourth quarter of
[2007-01-01] Changes in the deficit resulting from changes in economic conditions, health prices, demographics, and other technical or economic factors were allowed to show through to the deficit without sanction.
[2007-01-01] a few members said that, as part of that process, it was important to examine how the effects of developments in global financial markets and the u.s. economy would affect the bank's baseline scenario
[2007-01-01] at the same time, members noted that policy had already been eased by 75 basis points and that the effects of those actions on the real economy would be evident only with a lag.
[2007-01-01] energy prices were high enough to encourage continued investment in alternative fuels.
[2007-01-01] The fundamentals underlying capital spending continued to be supportive, as business sector output expanded briskly, firms remained flush with funds, and relative price declines for high-tech equipmen
[2007-01-01] Recent increases in house prices and equity prices were positives,
[2007-01-01] However, household spending had been relatively robust during the cyclical downturn and likely had only limited room for a pickup over coming quarters, and intense competitive pressures could well con
[2007-01-01] After the stock-market decline that began in March 2000, new capital investment and thus the demand for financing waned around the world.
[2007-01-01] Comparing the Theoretical Prediction to Recent Experience The swing from budget deficit to surplus has been much more dramatic than was expected when the fiscal year 1994 budget was adopted.
[2007-01-01] across all markets, investors appeared to be beginning to discriminate between different instruments according to their underlying credit quality.
[2007-01-01] members noted that the chinese market was the second largest in absolute size in asia, behind japan, but was quite small in international comparative terms relative to gdp.
[2007-01-01] as for the outlook, members agreed that japan's economy was likely to evolve broadly in line with the projection presented in the april outlook report.
[2007-01-01] in this context, the committee judged that some inflation risks remained and indicated that it would continue to monitor inflation developments carefully.
[2007-01-01] in light of the recent economic data and anecdotal information, the committee agreed that the statement to be released after the meeting should acknowledge that economic growth had slowed in the first
[2007-01-01] reviewing household-sector balance sheets, members noted that generally these remained in good shape, reflecting the favourable macroeconomic environment.
[2007-01-01] the current yield curve implied that the market was expecting stabilisation in the economy with the possibility of rising inflation down the track.
[2007-01-01] However, equity prices subsequently retraced some of the earlier declines as concerns about trade policy seemed to ease and corporate earnings reports for the first quarter of 2018 generally came in s
[2007-01-01] Because long-term interest rates can remain low only in a stable macroeconomic environment, these goals are often referred to as the dual mandate
[2007-01-01] for example, the increase in bank bill yields since july had been about 35 basis points more than the increase attributable to the increase in the cash rate.
[2007-01-01] in october, the producer price index for core intermediate materials moved up only slightly for a second month, and the twelve-month increase in these prices was considerably below that of the year-ea
[2007-01-01] Though widely anticipated even before the actions of October, the recession and retrenchment in employment that followed those actions resulted in pressures on the Federal Reserve to reverse course.
[2007-01-01] there had been some deterioration in consumer confidence between the two waves of the january gfk survey, which straddled the committee’s policy meeting, and that might suggest an impact from the most
[2007-01-01] in november, the euro-area and u.k. purchasing managers indexes for services were well below their level over the first half of the year; nevertheless they pointed to moderate expansion.
[2007-01-01] Companies can keep their focus on cutting costs and increasing productivity; they can foster research and innovation; they can offer training and employee incentives to acquire more education and skil
[2007-01-01] For the twelve months ended in September, prices of consumer items other than food and energy increased by a considerably smaller amount than in the year- earlier period.
[2007-01-01] (4') U** = U* - (1/b) [q - q*] U** = short-run or effective NAIRU However, once productivity growth stabilizes at a higher level, q* will eventually catch up to q, and the disinflationary effect will
[2007-01-01] one member said that housing investment in the united states had only relatively limited effects on other economies and therefore, in examining the impact on the global economy, it was important to ev
[2007-01-01] "4 Importantly, the level of uncertainty around the paths for inflation and employment are higher than normal as we navigate the unprecedented reopening of the world economy.
[2007-01-01] Balance Sheet Policies and Reserve Demand Taking stock, I note that one approach to the constraints on policy imposed by the current low level of interest rates is to make what were previously unconve
[2007-01-01] The forecast for headline inflation was in the same range as that for core inflation in 2008 and 2009, reflecting expectations that energy prices would level off and then turn down and that increases
[2007-01-01] some members noted, however, that downside risks to the u.s. economy had increased: anecdotal information suggested that the negative effects of the subprime mortgage problem had begun to spread to th
[2007-01-01] the ons were continuing to do further work to extend the analysis, by adding to the detail and assessing the sensitivity of the results.
[2007-01-01] real personal consumption expenditures had shown essentially no growth in september and october, suggesting that tighter credit conditions, higher gasoline prices, and the continuing housing correctio
[2007-01-01] production was likely to decrease marginally in the january-march quarter of 2007 but was considered to remain on an upward trend, reflecting the rise in domestic and external demand.
[2007-01-01] In contrast, blue-collar employment fell sharply in most of the other countries.
[2007-01-01] it was nonetheless unlikely that the market would reach its previous levels of outstandings and may no longer provide a source of funding for some purposes.
[2007-01-01] The Federal Reserve has a dual mandate from the Congress to pursue policies that aim to achieve and sustain maximum employment and price stability.
[2007-01-01] the year-on-year rate of change in the cpi (excluding fresh food) had been around 0 percent, mainly due to earlier declines in crude oil prices.
[2007-01-01] inflation was likely to decline faster in the short term than in the committee’s central projection.
[2007-01-01] in terms of monetary policy, the authorities had raised reserve requirements steadily over the past year and lifted lending and deposit rates.
[2007-01-01] moreover, some members expressed the view that, in addition to manufacturers, firms in nonmanufacturing industries seemed to be gradually starting to lead the current economic growth, noting the follo
[2007-01-01] capital goods orders – usually a reasonable leading indicator of business investment – had picked up in the latest cbi industrial trends survey but had fallen sharply in the april cips/rbs survey.
[2007-01-01] The Fed's credibility, earned over decades of low inflation, is a powerful policy tool that is critical to our long-term success.
[2007-01-01] These rates of growth were associated with ranges for the civilian rate of unemployment of 5-1/4 to 5-1/2 percent in the fourth quarter of 2004 and 5 to 5-1/2 percent in the fourth quarter of 2005.
[2007-01-01] the ism non-manufacturing index had eased slightly, but remained high.
[2007-01-01] How the forces of demand, potential supply, and expectations interact has probably not been changed in any fundamental way by the recent trend of globalization.
[2007-01-01] China has eased some of its most stringent COVID containment measures but recently revived travel restrictions in some areas, and its approach to the pandemic remains an upside risk for inflation.
[2007-01-01] credit risk appeared to have been a factor behind the very recent increase in inter-bank lending rates.
[2007-01-01] bank lending to businesses surged in august, apparently because some banks funded leveraged loans that they had intended to syndicate to institutional investors and perhaps because some firms substitu
[2007-01-01] "2 One useful insight into how actual inflation may affect expectations about its future path is based in the concept of "rational inattention.
[2007-01-31] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Recent indicators have suggested somewhat firmer economic growth, and some tentative sig
[2007-01-31] So the presumption would be that such information gets taken on board and reflected in the prices of new mortgage-backed securities and that it would translate into higher credit spreads at the retail
[2007-01-31] At some point we may need to tighten, but let's think of this as the migration from where we were in December.
[2007-01-31] Minutes of the Federal Open Market Committee January 30-31, 2007 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washi
[2007-01-31] With the analysis of why the forecast has moved we could provide some insight into how our thinking has evolved as a consequence of new information.
[2007-03-21] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Recent indicators have been mixed and the adjustment in the housing sector is ongoing. N
[2007-03-21] The most important thing that we're accomplishing in alternative B is suggesting that we aren't going to come to the rescue of market tumult, that market discipline is working, that we don't want comp
[2007-03-21] I did not go to negotiate, I went to inform, and therefore I don't have any commitments to bring to you.
[2007-03-21] Minutes of the Federal Open Market Committee March 20-21, 2007 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
[2007-05-09] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth slowed in the first part of this year and the adjustment in the housing
[2007-05-09] Minutes of the Federal Open Market Committee May 9, 2007 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, D
[2007-05-09] There might be other ways--for example, alternative scenarios, qualitative discussions of risk, or that sort of thing--that seem to some of us preferable.
[2007-06-28] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth appears to have been moderate during the first half of this year, despit
[2007-06-28] We have moderate growth; low core inflation, which is not rising and could possibly be falling, suggesting an underlying balance of demand and potential supply that is in pretty good shape.
[2007-06-28] Minutes of the Federal Open Market Committee June 27-28, 2007 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
[2007-06-28] Those choices I think I understand, but I was really thinking about the pictures.
[2007-08-07] The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth was moderate during the first half of the year. Financial markets have b
[2007-08-07] Minutes of the Federal Open Market Committee August 7, 2007 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
[2007-08-10] The Federal Reserve is providing liquidity to facilitate the orderly functioning of financial markets. The Federal Reserve will provide reserves as necessary through open market operations to promote
[2007-08-16] Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward. In these circumstances, although re
[2007-09-18] At the same time, I say to myself, "Well, you know, now it is about at the level that the Board has been forecasting all along.
[2007-09-18] The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4-3/4 percent. Economic growth was moderate during the first half of the year, but the
[2007-09-18] Minutes of the Federal Open Market Committee September 18, 2007 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washin
[2007-09-18] So they would have to act to make the rate they set determined by this process.
[2007-10-31] I will now give you the date of the next meeting, and I will adjourn the meeting.
[2007-10-31] 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, D.C., on Tuesday, October 30, 2007 at 2:00 p.m. and contin
[2007-10-31] The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/2 percent. Economic growth was solid in the third quarter, and strains in financia
[2007-12-11] Dave, I'm having difficulty reconciling the employment and hours data for the current quarter with your forecast of no growth whatsoever.
[2007-12-11] The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4 percent. Incoming information suggests that economic growth is slowing, reflecti
[2007-12-11] 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, D.C., on Tuesday, December 11, 2007, at 8:00 a.m. PRESENT:
[2008-01-01] the cpi rose by 1.3 per cent in the quarter and by 4.2 per cent over the year.
[2008-01-01] The labor force participation rate, along with the employment-to-population ratio, increased, on net, in recent months.
[2008-01-01] participants agreed that the inflation data that were received since the december meeting had been disappointing.
[2008-01-01] a few members said that higher materials prices had been gradually passed on to prices downstream, and that some services prices had started to be raised.
[2008-01-01] but labour market indicators had continued to weaken and there had been further falls in home sales and construction spending.
[2008-01-01] since mid-september, credit spreads on cp and corporate bonds had widened and issuance of corporate bonds had declined.
[2008-01-01] this member added, however, that the current rise in energy and materials prices was characterized by a long-term upward trend against the background of the worldwide growth in demand, especially dema
[2008-01-01] Conclusion The United States productivity growth spurt, realized to a much lesser extent around the world, can be attributed largely to a combination of an investment boom and a technological revoluti
[2008-01-01] Participants expected that, with further gradual increases in the federal funds rate, economic activity would expand at a solid rate during the remainder of this year and a moderate pace in the medium
[2008-01-01] the number of housing starts, which was a leading indicator of housing investment and had been more or less flat from january 2008 until recently, had dropped.
[2008-01-01] overall, however, total credit growth had picked up towards the end of 2007.