yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2015-10-28] Several participants indicated that, in the current low interest rate environment, it would be prudent for the Committee to consider options for providing additional monetary policy accommodation if t
[2015-10-28] 2. Attended Tuesday's session following the discussion of equilibrium real interest rates. Return to text
[2015-10-28] During their discussion of economic conditions and monetary policy, participants focused on a number of issues associated with the timing and pace of policy normalization. Some participants thought th
[2015-10-28] James A. Clouse and Stephen A. Meyer, Deputy Directors, Division of Monetary Affairs, Board of Governors
[2015-10-28] Dana L. Burnett, Section Chief, Division of Monetary Affairs, Board of Governors; Andrea Raffo,5 Section Chief, Division of International Finance, Board of Governors
[2015-10-28] Industrial production decreased in September as the output of both the manufacturing and mining sectors declined, likely reflecting the effects of the appreciation in the foreign exchange value of the
[2015-10-28] Michael Dotsey, Michael Held, Evan F. Koenig, and Christopher J. Waller, Senior Vice Presidents, Federal Reserve Banks of Philadelphia, New York, Dallas, and St. Louis, respectively
[2015-10-28] 4. Attended through the discussion of financial developments and open market operations. Return to text
[2015-10-28] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2015-10-28] Total real government purchases looked to have moved sideways in the third quarter. Federal government purchases likely declined a little, as defense spending stepped down further. In contrast, state
[2015-10-28] To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains a
[2015-10-28] Joseph W. Gruber,3 Deputy Associate Director, Division of International Finance, Board of Governors; Jane E. Ihrig4 and David López-Salido,5 Deputy Associate Directors, Division of Monetary Affairs, B
[2015-10-28] Staff Review of the Economic Situation The information reviewed for the October 27-28 meeting suggested that real GDP was increasing at a moderate pace, but that the improvement in labor market condit
[2015-10-28] Spreads on commercial mortgage-backed securities (CMBS) widened over the intermeeting period, while respondents in the SLOOS reported that standards on commercial real estate (CRE) loans were little c
[2015-10-28] Benjamin K. Johannsen,5 Economist, Division of Monetary Affairs, Board of Governors
[2015-10-28] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Steven B. Kamin, Economi
[2015-10-28] Glenn Follette and John M. Roberts, Assistant Directors, Division of Research and Statistics, Board of Governors; Christopher J. Gust, Assistant Director, Division of Monetary Affairs, Board of Govern
[2015-10-28] Activity in the housing sector was mixed, but it generally continued to recover slowly. Starts of new single-family homes stepped down modestly, on net, over August and September, although building pe
[2015-10-28] The staff viewed the uncertainty around its October projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for
[2015-10-28] 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
[2015-10-28] Notation Vote By notation vote completed on October 7, 2015, the Committee unanimously approved the minutes of the Committee meeting held on September 16-17, 2015.
[2015-10-28] After assessing the outlook for economic activity, the labor market, and inflation and weighing the uncertainties associated with the outlook, all but one member agreed to leave the target range for t
[2015-10-28] Participants noted that business fixed investment appeared to be increasing at a solid rate despite the sharp contraction in energy-related investment. Nonresidential construction was reported to be e
[2015-10-28] 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
[2015-10-28] 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, October
[2015-10-28] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2015-10-28] Manufacturing activity had slowed somewhat over the intermeeting period in a number of regions, importantly reflecting the weakness in exports, although the auto industry remained a bright spot. Weakn
[2015-10-28] Federal Reserve communications and economic data releases over the intermeeting period appeared to have led investors to expect a later start date for monetary policy normalization and a more gradual
[2015-11-18] Minutes of the Federal Open Market Committee October 27-28, 2015: HTML | PDF
[2015-11-18] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2015-11-18] 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
[2015-11-18] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 27-28, 2015.
[2015-11-19] The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in December. These test operations are aimed at ensuring the opera
[2015-11-19] 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
[2015-11-19] One operation will be conducted on December 3, 2015, for seven-day term deposits. The operation will offer floating-rate term deposits with the maximum individual award amount set at $5 billion, and t
[2015-11-24] The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on October 26, 2015.
[2015-12-02] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2015-12-02] 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
[2015-12-02] On December 3, 2015, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its Term Deposit Facility (TDF). The Federal Reserve will offer
[2015-12-02] As noted in the Federal Reserve Board's November 19, 2015, release, this operation is part of the continuing program of operational testing of policy tools designed to provide institutions with an opp
[2015-12-02] 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).
[2015-12-02] Notification Participants will be able to view their awards by accessing the Term Deposit Facility application.
[2015-12-02] 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. ET on the notification date.
[2015-12-02] 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
[2015-12-03] The awarded deposits will settle on December 3, 2015, and will mature on December 10, 2015. The operation effective rate will apply to all awarded deposits.
[2015-12-03] On December 3, 2015, 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
[2015-12-16] 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
[2015-12-16] 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
[2015-12-16] Financial conditions tightened modestly over the intermeeting period. Quotes in financial markets and survey results suggested that investors were quite confident that the Committee would raise the fe
[2015-12-16] 3. The president of the Federal Reserve Bank of Minneapolis did not participate in this FOMC meeting, and the incoming president is scheduled to assume office on January 1, 2016. James M. Lyon, First
[2015-12-16] Staff Review of the Economic Situation The information reviewed for the December 15-16 meeting suggested that real gross domestic product (GDP) was increasing at a moderate pace and that labor market
[2015-12-16] David Bowman, Andrew Figura, David Reifschneider, and Stacey Tevlin, Special Advisers to the Board, Office of Board Members, Board of Governors
[2015-12-16] Douglas Tillett, Robert G. Valletta, and Alexander L. Wolman, Vice Presidents, Federal Reserve Banks of Chicago, San Francisco, and Richmond, respectively
[2015-12-16] 2. Attended through the discussion of financial developments and open market operations. Return to text
[2015-12-16] Participants generally agreed that the drag on U.S. economic activity from the appreciation of the dollar since the summer of 2014 and the slowdown in foreign economic growth, particularly in emerging
[2015-12-16] Real private expenditures for business equipment and intellectual property products increased at a solid pace in the third quarter, but business spending growth looked to be slowing somewhat in the fo
[2015-12-16] Francisco Covas, Christopher J. Gust, and Jason Wu, Assistant Directors, Division of Monetary Affairs, Board of Governors; John M. Roberts and Steven A. Sharpe, Assistant Directors, Division of Resear
[2015-12-16] 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, Decembe
[2015-12-16] Ellen E. Meade and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Wayne Passmore, Senior Adviser, Division of Research and Statistics, Board of Governors
[2015-12-16] After assessing the outlook for economic activity, the labor market, and inflation and weighing the uncertainties associated with the outlook, members agreed to raise the target range for the federal
[2015-12-16] Robert deV. Frierson, Secretary of the Board, Office of the Secretary, Board of Governors
[2015-12-16] Troy Davig, Michael Dotsey, Evan F. Koenig, Spencer Krane, Samuel Schulhofer-Wohl, Ellis W. Tallman, Geoffrey Tootell, and Christopher J. Waller, Senior Vice Presidents, Federal Reserve Banks of Kansa
[2015-12-16] Valerie Hinojosa, Information Manager, Division of Monetary Affairs, Board of Governors
[2015-12-16] 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, including expectat
[2015-12-16] Nonfinancial businesses continued to tap financial markets at a brisk pace in the intermeeting period. Issuance of investment-grade corporate bonds and institutional leveraged loans remained solid, bu
[2015-12-16] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Thomas C. Baxter, Deputy
[2015-12-16] Nellie Liang, Director, Office of Financial Stability Policy and Research, Board of Governors
[2015-12-16] During their consideration of economic conditions and monetary policy, almost all participants agreed that the improvements that had occurred in the labor market and their confidence in a return of in
[2015-12-16] 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
[2015-12-16] Residential mortgage market conditions were little changed, on net, over the intermeeting period. Credit remained tight for borrowers with low credit scores, hard-to-document income, or higher debt-to
[2015-12-16] Labor market conditions improved further in recent months: Monthly gains in nonfarm payroll employment averaged more than 200,000 over the period from September to November, and the unemployment rate
[2015-12-16] Penelope A. Beattie, Assistant to the Secretary, Office of the Secretary, Board of Governors
[2015-12-16] 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
[2015-12-16] 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
[2015-12-16] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2015-12-16] Total nonfarm payroll employment expanded at a faster monthly rate in October and November than in the third quarter. The unemployment rate ticked down to 5.0 percent in October and remained at that l
[2015-12-16] Incoming data indicated that inflation continued to run below the Committee's 2 percent longer-run objective, partly reflecting declines in energy prices and prices of non-energy imports. The price of
[2015-12-16] Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Governors
[2015-12-16] Corporate earnings and credit quality continued to show some signs of weakening. Available reports and analysts' estimates suggested that aggregate earnings per share in the third quarter declined sli
[2015-12-16] Consumer credit markets remained accommodative for most borrowers. Consumer loan balances continued to rise at a robust pace through October because of sustained expansion in credit card balances and
[2015-12-16] Inflation continued to run below the Committee's longer-run objective, held down in part by the effects of declines in energy and non-energy import prices. Market-based measures of inflation compensat
[2015-12-16] Joseph W. Gruber, Deputy Associate Director, Division of International Finance, Board of Governors
[2015-12-16] Foreign real GDP growth improved in the third quarter after being weak in the first half, and recent indicators were consistent with a further moderate expansion in the fourth quarter. Economic activi
[2015-12-16] Members also discussed their expectations for the size and timing of adjustments in the target range for the federal funds rate going forward. Based on their current forecasts for economic activity, t
[2015-12-16] Participants also discussed readings from various market- and survey-based measures of longer-run inflation expectations. Recently, some of the available surveys had reported softer longer-run inflati
[2015-12-16] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2015-12-16] The staff's forecast for inflation was revised down slightly in the near term in response to recent data for consumer prices and the further decline in the price of crude oil; over the medium term, th
[2015-12-16] James M. Lyon, First Vice President, Federal Reserve Bank of Minneapolis
[2015-12-16] Conditions in the municipal bond market were generally stable. Gross issuance of municipal bonds was solid in recent months. Yields on municipal bonds declined a little, leaving their ratios to long-t
[2015-12-16] William E. Riordan,2 Markets Officer, Federal Reserve Bank of New York
[2015-12-16] James Bullard, Esther L. George, Loretta J. Mester, Eric Rosengren, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2015-12-16] The staff viewed the uncertainty around its December projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for
[2015-12-16] William B. English, Senior Special Adviser to the Board, Office of Board Members, Board of Governors
[2015-12-16] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors voted unanimously to raise the interest rates on required and excess reserve balances b
[2015-12-16] Movements in foreign financial markets over the period reflected increased expectations that the FOMC would begin raising the target range for the federal funds rate in December, investors' views abou
[2015-12-16] As a result of the recently passed Bipartisan Budget Act, federal spending was expected to provide a modest boost to economic activity over the next few years. Contacts in one District with a relative
[2015-12-16] Real personal consumption expenditures (PCE) appeared to be rising at a solid rate in the fourth quarter. The components of the nominal retail sales data used by the Bureau of Economic Analysis to con
[2015-12-16] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2015-12-16] Manufacturing production increased in October, although output in the mining sector continued to decrease. Automakers' assembly schedules and broader indicators of manufacturing production, such as th
[2015-12-16] Financing conditions for commercial real estate tightened somewhat. Spreads on commercial mortgage-backed securities (CMBS) widened further, suggesting that investors in CMBS continued to reassess the
[2015-12-16] David Altig, Eric M. Engen, Michael P. Leahy, William R. Nelson, and William Wascher, Associate Economists
[2015-12-16] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in October indicated that economic activity had been ex
[2015-12-16] While viewing a gradual approach to policy normalization as likely to be appropriate given their economic outlook, participants emphasized the need to adjust the policy path as economic conditions evo
[2015-12-16] Almost all participants continued to expect that once energy prices and prices of non-energy commodities stabilized, the effects of the declines in those prices on headline and core PCE inflation woul
[2015-12-16] Staff Review of the Financial Situation Federal Reserve communications and economic data releases over the intermeeting period appeared to have led investors to raise the odds they assigned to an incr
[2015-12-16] Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have
[2015-12-16] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, members of the Board of Governors and Federal Reserve Bank presidents submitted their projecti
[2015-12-16] 4. In taking this action, the Board approved requests submitted by the boards of directors of the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Kansa
[2015-12-16] Consumer spending continued to rise at a solid rate in recent months; retail sales picked up over the October-November period, and motor vehicle sales remained strong. The available information from D
[2015-12-16] Minutes of the Federal Open Market Committee December 15-16, 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 t
[2015-12-16] Notation Vote By notation vote completed on November 17, 2015, the Committee unanimously approved the minutes of the Committee meeting held on October 27-28, 2015.
[2015-12-16] James J. McAndrews, Executive Vice President, Federal Reserve Bank of New York
[2015-12-16] Regarding the medium-term outlook, inflation was projected to increase gradually as energy prices and prices of non-energy imports stabilized and the labor market strengthened. Overall, taking into ac
[2015-12-16] 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
[2015-12-16] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Jeffrey M. Lacker, Dennis P. Lockhart, Jerome H. Powell, Daniel K. Tarullo, and John C. Wi
[2015-12-16] The Committee also maintained its policy of reinvesting principal payments from agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Trea
[2015-12-16] The U.S. international trade deficit widened in October after narrowing in September. Exports declined, on balance, to the lowest level in three years; lower prices for commodities, along with reduced
[2015-12-16] Patrick Harker and Robert S. Kaplan, Presidents of the Federal Reserve Banks of Philadelphia and Dallas, respectively
[2015-12-16] Over the first few weeks of the intermeeting period, the increase in the perceived likelihood of an increase in the target range for the federal funds rate at the December meeting was not accompanied
[2015-12-16] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2015-12-16] Staff Economic Outlook In the economic forecast prepared by the staff for the December FOMC meeting, real GDP growth in the second half of this year was little changed, on net, relative to the project
[2015-12-16] The housing market was recovering gradually, with single-family homebuilding continuing to trend up and multifamily construction remaining at a high level. The reports on the pace of construction and
[2015-12-16] The Committee judges that there has been considerable improvement in labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to its 2 percent
[2015-12-16] Katie Ross,1 Manager, Office of the Secretary, Board of Governors
[2015-12-16] Recent information on activity in the housing sector was mixed. Starts of new single-family homes were somewhat lower in October than in the third quarter, although building permits moved up. Meanwhil
[2015-12-16] Total real government purchases appeared to be about flat in the fourth quarter. Federal government spending for defense moved roughly sideways, on balance, over recent months. State and local governm
[2015-12-16] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary po
[2015-12-16] The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal payments on all agency debt and agency mortgage-backed securities
[2015-12-16] After these policy decisions, the deputy manager of the System Open Market Account briefed the Committee on plans for term RRPs over year-end.
[2015-12-16] Michael G. Palumbo, Senior Associate Director, Division of Research and Statistics, Board of Governors; Beth Anne Wilson, Senior Associate Director, Division of International Finance, Board of Governo
[2015-12-16] The expected path of the federal funds rate implied by market quotes on interest rate derivatives rose moderately over the intermeeting period. Nominal yields on 2- and 10-year Treasury securities ros