yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2022-04-06] 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
[2022-04-06] For media inquiries, e-mail [email protected] or call 202-452-2955
[2022-04-06] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2022-04-06] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 15–16, 2022.
[2022-04-12] For media inquiries, e-mail [email protected] or call 202-452-2955.
[2022-04-12] Note: On June 3, 2022, updates were made to add references to the associated Federal Register documents in the March 16, 2022, minutes.
[2022-04-12] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 14 through March 16, 2022.
[2022-05-04] Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment
[2022-05-04] Commercial and industrial (C&I) loans and commercial real estate (CRE) loans on bank balance sheets also grew robustly in March. Respondents in the April Senior Loan Officer Opinion Survey on Bank Len
[2022-05-04] Staff Review of the Financial Situation U.S. Treasury yields and the market-implied federal funds rate path moved substantially higher over the intermeeting period as Federal Reserve communications an
[2022-05-04] The manager indicated that the Desk was prepared to implement the Committee's plan for balance sheet reduction and that, in the event that the Committee announced the plan at the end of the current me
[2022-05-04] David Altig, Kartik B. Athreya, Michael Dotsey, Michelle M. Neal, and Anna Paulson, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, Philadelphia, New York, and Chicago, respecti
[2022-05-04] In their discussion of the household sector, participants indicated that they expected robust growth in consumption spending. They pointed to several elements supporting this outlook, including strong
[2022-05-04] Isabel Cairó, Michele Cavallo, and Manjola Tase, Principal Economists, Division of Monetary Affairs, Board
[2022-05-04] The credit quality of firms, municipalities, and households remained strong overall. The volume of credit rating upgrades for corporate bonds outpaced downgrades moderately in March, continuing a near
[2022-05-04] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Esther L. George; Patrick Harker; Loretta J. Mester;
[2022-05-04] Borrowing costs for residential mortgage loans increased substantially, with the 30-year mortgage offer rates reaching levels not seen since 2010. This increase largely reflected the rise in the 10-ye
[2022-05-04] Total nonfarm payroll employment rose in March, and the unemployment rate declined to 3.6 percent. The unemployment rates for African Americans and for Hispanics moved lower, though both rates remaine
[2022-05-04] The staff continued to judge that the risks to the baseline projection for real activity were skewed to the downside and that the risks to the inflation projection were skewed to the upside. The war i
[2022-05-04] Bank loan rates for commercial borrowers increased and rates on large syndicated loans were roughly in line with pre-pandemic levels. In consumer credit markets, rates on auto loans and new credit car
[2022-05-04] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that, although overall economic activity had edged down in the first quarter, household spending and bus
[2022-05-04] In their consideration of the appropriate stance of monetary policy, all participants concurred that the U.S. economy was very strong, the labor market was extremely tight, and inflation was very high
[2022-05-04] All participants supported the plans for reducing the size of the balance sheet. This reduction, starting on June 1, would work in parallel with increases in the target range for the policy rate in fi
[2022-05-04] With respect to the business sector, participants cited robust consumer demand, healthy household balance sheets, and inventory rebuilding as factors supportive of business activity and investment. Th
[2022-05-04] The staff assessed that vulnerabilities arising from financial leverage remained moderate on balance. Despite market volatility, the banking sector continued to be well capitalized with strong liquidi
[2022-05-04] The manager turned next to a discussion of U.S. financial market developments. Financial conditions tightened notably over the period. Treasury yields increased across the curve, with the rise primari
[2022-05-04] The staff's projection for PCE price inflation was revised up slightly in the second half of 2022 and in 2023 in response to the slow resolution of supply constraints seen over the first part of 2022,
[2022-05-04] The staff assessed that aggregate household and business leverage was moderate. Households' debt-to-GDP ratio remained relatively low, and there were few signs of increased stress among lower-income h
[2022-05-04] Since the March FOMC meeting, 2-, 5-, and 10-year Treasury yields increased significantly on net. The increases in nominal Treasury yields were primarily accounted for by rising real yields, while inf
[2022-05-04] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2022-05-04] Both real PCE and residential investment increased in the first quarter at rates similar to those seen in the fourth quarter of 2021. Business fixed investment growth picked up sharply in the first qu
[2022-05-04] Spreads on most types of longer-tenor commercial paper and negotiable certificates of deposit narrowed, reportedly reflecting reduced market concerns about the effects of Russia's invasion of Ukraine,
[2022-05-04] Regarding the outlook for runoff of the Federal Reserve's securities holdings, market participants widely expected the Committee to announce the commencement of balance sheet runoff at the current mee
[2022-05-04] All participants reaffirmed their strong commitment and determination to take the measures necessary to restore price stability. To this end, participants agreed that the Committee should expeditiousl
[2022-05-04] Sally Davies, Deputy Director, Division of International Finance, Board; Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board; Michael T. Kiley, Deputy Director, Division of Financia
[2022-05-04] Market- and survey-based measures of U.S. inflation expectations continued to project a significant deceleration in inflation in the coming years. Nonetheless, far-forward inflation compensation rose
[2022-05-04] The Committee voted unanimously to renew the reciprocal currency arrangements with the Bank of Canada and the Bank of Mexico; these arrangements are associated with the Federal Reserve's participation
[2022-05-04] Over the intermeeting period, along with the increase in Treasury yields, borrowing costs increased in many sectors and were at or somewhat above pre-pandemic levels. Credit remained widely available,
[2022-05-04] Participants' Views on Current Conditions and the Economic Outlook In their discussion of current economic conditions, participants noted that, although overall economic activity had edged down in the
[2022-05-04] 5. In taking this action, the Board approved requests to establish that rate submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, A
[2022-05-04] Broad equity indexes decreased over the intermeeting period. Early in the period, equity prices increased, supported by the robust pace of economic activity and reduced market concerns about the impli
[2022-05-04] Over the intermeeting period, sovereign yields in AFEs increased notably because of concerns about further inflationary pressures, some central bank communications that were perceived as less accommod
[2022-05-04] Staff Review of the Economic Situation The information available at the time of the May 3–4 meeting suggested that U.S. real gross domestic product (GDP) declined in the first quarter. However, first-
[2022-05-04] Data suggested that foreign economic growth remained solid in the first quarter, as most economies continued to show adaptability to new COVID-19 waves. Chinese data for March and April, however, show
[2022-05-04] Etienne Gagnon and Andrew Meldrum, Assistant Directors, Division of Monetary Affairs, Board
[2022-05-04] The staff noted that increased uncertainty and ongoing volatility had reduced risk appetite in financial markets and eased price pressures, although valuations of many assets remained elevated. CRE va
[2022-05-04] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on rese
[2022-05-04] Consumer prices continued to rise rapidly. Total PCE price inflation was 6.6 percent over the 12 months ending in March, and core PCE price inflation, which excludes changes in consumer energy prices
[2022-05-04] Marc Giannoni, Giovanni Olivei, and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of Dallas, Boston, and Minneapolis, respectively
[2022-05-04] 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
[2022-05-04] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes; the Board of Governors of the Federal Reserve System is referenced as the "Board" in these minute
[2022-05-04] For most small businesses, credit appeared to be available, although these businesses' demand for credit reportedly remained weak. In the April SLOOS, large banks reported unchanged standards on C&I l
[2022-05-04] Carlos Garriga, Joseph W. Gruber, Beverly Hirtle, David E. Lebow, Ellis W. Tallman, and William Wascher, Associate Economists
[2022-05-04] Participants agreed that the economic outlook was highly uncertain and that policy decisions should be data dependent and focused on returning inflation to the Committee's 2 percent goal while sustain
[2022-05-04] In global financial developments, many advanced-economy central banks raised policy rates over the period, and investors increasingly came to anticipate tighter monetary policy ahead in most advanced
[2022-05-04] Minutes of the Federal Open Market Committee May 3â4, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of th
[2022-05-04] James P. Bergin, Nicolas Petrosky-Nadeau, and Matthew D. Raskin,2 Vice Presidents, Federal Reserve Banks of New York, San Francisco, and New York, respectively
[2022-05-04] Penelope A. Beattie,3 Section Chief, Office of the Secretary, Board; Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board; Logan T. Lewis,4 Section Chief, Division of International
[2022-05-04] In consumer credit markets, credit card balances grew strongly in the first quarter amid easing standards and greater utilization, and auto credit outstanding continued to grow steadily through Februa
[2022-05-04] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2022-05-04] Consistent with the Principles for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in January 2022, all Committee participants agreed to the following plans for significantly
[2022-05-04] Attendance Jerome H. Powell, Chair John C. Williams, Vice Chair Michelle W. Bowman Lael Brainard James Bullard Esther L. George Loretta J. Mester Christopher J. Waller
[2022-05-04] Developments in Financial Markets and Open Market Operations The manager turned first to a discussion of monetary policy expectations in the United States. Federal Reserve communications since the Mar
[2022-05-04] Members concurred that the invasion of Ukraine by Russia was causing tremendous human and economic hardship. Members judged that the implications of the war for the U.S. economy were highly uncertain.
[2022-05-04] Kenneth C. Montgomery, Interim President of the Federal Reserve Bank of Boston
[2022-05-04] Randall A. Williams, Group Manager, Division of Monetary Affairs, Board
[2022-05-04] Notation Vote By notation vote completed on April 5, 2022, the Committee unanimously approved the minutes of the Committee meeting held on March 15–16, 2022.
[2022-05-04] "Effective May 5, 2022, the Federal Open Market Committee directs the Desk to:
[2022-05-04] ï»¿ The Fed - Monetary Policy: Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs to an official government
[2022-05-04] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2022-05-04] William F. Bassett, Senior Associate Director, Division of Financial Stability, Board; John J. Stevens, Senior Associate Director, Division of Research and Statistics, Board; Min Wei, Senior Associate
[2022-05-04] The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy are highly uncertain. The invasion and related events are creating additional
[2022-05-04] Conditions in short-term funding markets remained stable over the intermeeting period, with the March increase in the Federal Reserve's administered rates passing through to overnight money market rat
[2022-05-04] After adopting the Plans for Reducing the Size of the Federal Reserve's Balance Sheet, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until instructed otherwise, to
[2022-05-04] Participants commented that after its rapid growth in the last quarter of 2021, real GDP had declined in the first quarter of this year, with net exports and inventory investment making large negative
[2022-05-04] Jose Acosta, Senior Communications Analyst, Division of Information Technology, Board
[2022-05-04] 4. Attended the discussion of economic developments and outlook. Return to text
[2022-05-04] In their assessment of the monetary policy stance necessary for achieving the Committee's maximum-employment and price-stability goals, members agreed that, with appropriate firming in the stance of m
[2022-05-04] Several participants who commented on issues related to financial stability noted that the tightening of monetary policy could interact with vulnerabilities related to the liquidity of markets for Tre
[2022-05-04] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, James Bullard, Esther L. George, Patrick Harker, Loretta J. Mester, and Christopher J. Waller.
[2022-05-04] Participants observed that inflation continued to run well above the Committee's longer-run goal and that inflation pressures were evident in a broad array of goods and services. Various participants
[2022-05-04] In their discussion of risks to the outlook, participants emphasized that they were highly attentive to inflation risks and would continue to monitor closely inflation developments and inflation expec
[2022-05-04] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation
[2022-05-04] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, May 3, 2022, at 10:00 a.m. a
[2022-05-04] Meredith Black, Charles L. Evans, Patrick Harker, Naureen Hassan, and Neel Kashkari, Alternate Members of the Committee
[2022-05-04] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, June 14–15, 2022. The meeting adjourned at 10:15 a.m. on May 4, 2022.
[2022-05-04] Participants commented that demand for labor continued to outstrip available supply across many parts of the economy and that their business contacts continued to report difficulties in hiring and ret
[2022-05-04] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Trevor A. Reeve, Econom
[2022-05-04] The U.S. international trade deficit widened further in the first quarter of this year, and net exports made a large negative contribution to real U.S. GDP growth. Goods imports continued the fourth q
[2022-05-04] The manager turned next to a discussion of developments in money markets. The effective federal funds rate rose 25 basis points following the increase in the target range at the March FOMC meeting and
[2022-05-04] The deputy SOMA manager reviewed developments concerning Desk operations. The Desk planned to increase the publication frequency of data on ON RRP usage. This additional information would provide the
[2022-05-04] Antulio N. Bomfim, Burcu Duygan-Bump, Jane E. Ihrig, Kurt F. Lewis, and Nitish R. Sinha, Special Advisers to the Board, Division of Board Members, Board
[2022-05-04] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2022-05-04] The staff provided an update on its assessment of the stability of the financial system. The staff judged that, amid a substantial upward shift in interest rates, Russia's invasion of Ukraine, and ong
[2022-05-04] Credit, which remained widely available for most types of borrowers, was broadly in line with pre-pandemic levels. Gross nonfinancial corporate bond issuance rebounded sharply in March, mostly reflect
[2022-05-04] Following the monetary policy discussion, which included a consideration of plans for reducing the size of the balance sheet, all participants indicated support for the proposed plans for reducing the
[2022-05-04] Jon Faust and Joshua Gallin, Senior Special Advisers to the Chair, Division of Board Members, Board
[2022-05-04] Andrew Figura, Glenn Follette, and Elizabeth K. Kiser, Associate Directors, Division of Research and Statistics, Board; Andrea Raffo, Associate Director, Division of International Finance, Board; Jeff
[2022-05-04] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2022-05-04] Staff Economic Outlook The projection for U.S. economic activity prepared by the staff for the May FOMC meeting implied a trajectory for real GDP that was broadly similar to the March projection. The
[2022-05-04] PLANS FOR REDUCING THE SIZE OF THE FEDERAL RESERVE'S BALANCE SHEET
[2022-05-04] Norman J. Morin, Deputy Associate Director, Division of Research and Statistics, Board; Zeynep Senyuz, Deputy Associate Director, Division of Monetary Affairs, Board
[2022-05-04] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board; Michael S. Gibson, Director, Division of Supervision and Regulation, Board; Andreas Lehnert, Director, Di
[2022-05-04] Edward Nelson and Annette Vissing-Jørgensen, Senior Advisers, Division of Monetary Affairs, Board
[2022-05-04] Members agreed that, in assessing the appropriate stance of monetary policy, they would continue to monitor the implications of incoming information for the economic outlook and that they would be pre
[2022-05-25] 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
[2022-05-25] Minutes of the Federal Open Market Committee May 3-4, 2022: HTML | PDF
[2022-05-25] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2022-05-25] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on May 3–4, 2022.
[2022-05-25] For media inquiries, e-mail [email protected] or call 202-452-2955
[2022-05-31] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from April 25 and May 4, 2022.
[2022-05-31] For media inquiries, e-mail [email protected] or call 202-452-2955.
[2022-06-15] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on rese
[2022-06-15] Penelope A. Beattie,3 Section Chief, Office of the Secretary, Board; Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board
[2022-06-15] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal
[2022-06-15] Notation Vote By notation vote completed on May 24, 2022, the Committee unanimously approved the minutes of the Committee meeting held on May 3–4, 2022.
[2022-06-15] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2022-06-15] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes; the Board of Governors of the Federal Reserve System is referenced as the "Board" in these minute
[2022-06-15] Incoming data suggested that the global reverberations from lockdown measures to deal with the spread of the COVID-19 virus in China and the Russian invasion of Ukraine slowed foreign economic growth.
[2022-06-15] Alisdair G. McKay, Senior Research Economist, Federal Reserve Bank of Minneapolis
[2022-06-15] With respect to the business sector, participants observed that their contacts generally reported that sales remained strong, although some contacts indicated that sales had begun to slow and that the
[2022-06-15] Participants noted that, with the federal funds rate expected to be near or above estimates of its longer-run level later this year, the Committee would then be well positioned to determine the approp
[2022-06-15] Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains e
[2022-06-15] Across the yield curve, rates on nominal Treasury securities ended the period significantly higher, primarily reflecting the revision in the outlook for monetary policy and the associated rise in real
[2022-06-15] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, participants submitted their projections of the most likely outcomes for real GDP growth, the
[2022-06-15] Staff Review of the Financial Situation Over the intermeeting period, U.S. Treasury yields and the market-implied federal funds rate path moved substantially higher on net. Broad domestic equity price
[2022-06-15] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board; Michael S. Gibson, Director, Division of Supervision and Regulation, Board; Andreas Lehnert, Director, Di
[2022-06-15] Jose Acosta, Senior Communications Analyst, Division of Information Technology, Board
[2022-06-15] Shaghil Ahmed, Brian M. Doyle, Carlos Garriga, Joseph W. Gruber, Ellis W. Tallman, and William Wascher, Associate Economists
[2022-06-15] Staff Review of the Economic Situation The information available at the time of the June 14–15 meeting suggested that U.S. real gross domestic product (GDP) was rebounding to a moderate rate of increa