yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2017-03-15] 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
[2017-03-15] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, all but one member agreed to raise the target range for the federal funds rate to 3/4 to 1 pe
[2017-03-15] Participants generally judged that risks to the economic outlook remained roughly balanced overall, al­though they saw some of the considerations underlying that assessment as having changed modestly.
[2017-03-15] Real personal consumption expenditures (PCE) appeared to be rising at a slower pace in the first quarter than in the fourth quarter. Motor vehicle sales stepped down in January and February from their
[2017-03-15] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, May 2-3, 2017. The meeting adjourned at 10:40 a.m. on March 15, 2017.
[2017-03-15] The deputy manager followed with a briefing on developments in money markets and open market operations. Over the intermeeting period, federal funds continued to trade near the center of the Committee
[2017-03-15] Consistent with the Policy Normalization Principles and Plans, nearly all participants preferred that the timing of a change in reinvestment policy depend on an assessment of economic and financial co
[2017-03-15] Broad U.S. equity price indexes increased over the intermeeting period, and some measures of valuations, such as price-to-earnings ratios, rose further above historical norms. A standard measure of th
[2017-03-15] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accorda
[2017-03-15] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Charles L. Evans, Stanley Fischer, Patrick Harker, Robert S. Kaplan, Jerome H. Powell, and Daniel K. Tarullo.
[2017-03-15] Michele Cavallo and Jeffrey Huther, Section Chiefs, Division of Monetary Affairs, Board of Governors
[2017-03-15] System Open Market Account Reinvestment Policy The staff provided several briefings that summarized issues related to potential changes to the Committee's policy of reinvesting principal payments from
[2017-03-15] Total nonfarm payroll employment increased at a brisk pace in January and February. The unemployment rate edged back down to 4.7 percent in February, and the labor force participation rate rose over t
[2017-03-15] In the municipal bond market, issuance was strong in January but decreased somewhat in February. Yields increased a little, about in line with the rise in Treasury yields. The number of ratings upgrad
[2017-03-15] 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
[2017-03-15] The staff's forecast for consumer price inflation, as measured by changes in the PCE price index, was unchanged for 2017 as a whole and over the next couple of years. The staff continued to project th
[2017-03-15] George A. Kahn, Vice President, Federal Reserve Bank of Kansas City
[2017-03-15] David E. Lebow and Michael G. Palumbo, Senior Associate Directors, Division of Research and Statistics, Board of Governors
[2017-03-15] In their discussion of recent developments in financial markets, participants noted that financial conditions remained accommodative despite the rise in longer-term interest rates in recent months and
[2017-03-15] Since the previous FOMC meeting, better-than-expected economic data and earnings releases abroad also supported risk sentiment: Foreign equity prices increased, flows to emerging market mutual funds p
[2017-03-15] Marie Gooding, Jeffrey M. Lacker, Loretta J. Mester, and John C. Williams, Alternate Members of the Federal Open Market Committee
[2017-03-15] Participants generally saw the incoming economic information as consistent, overall, with their expectations and indicated that their views about the economic outlook had changed little since the Janu
[2017-03-15] The Committee decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and
[2017-03-15] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that the information received since the Committee's previous meeting indicated that the labor market
[2017-03-15] The staff viewed the uncertainty around its projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for real GDP
[2017-03-15] Nearly all participants judged that the U.S. economy was operating at or near maximum employment. In contrast, participants held different views regarding prospects for the attainment of the Committee
[2017-03-15] Labor market conditions had continued to improve. Monthly increases in nonfarm payroll employment averaged nearly 210,000 over the three months ending in February, the unemployment rate edged down, an
[2017-03-15] By unanimous vote, the Committee ratified the Open Market Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's accoun
[2017-03-15] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in U.S. and global financial markets during the period since
[2017-03-15] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives
[2017-03-15] James A. Clouse, Michael Dotsey, Evan F. Koenig, Daniel G. Sullivan, and William Wascher, Associate Economists
[2017-03-15] Matthew J. Eichner,3 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors; And
[2017-03-15] 6. 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, Kansas City, Dal
[2017-03-15] Paolo A. Pesenti, Julie Ann Remache, and Ellis W. Tallman, Senior Vice Presidents, Federal Reserve Banks of New York, New York, and Cleveland, respectively
[2017-03-15] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Michael Held,2 Deputy Ge
[2017-03-15] Mortgage credit continued to be readily available for households with strong credit scores and documented incomes. Despite the increase in Treasury yields, the interest rate on 30-year fixed-rate mort
[2017-03-15] Federal Reserve communications over the intermeeting period contributed to increased expectations of a decision to raise the target range for the federal funds rate at the March meeting. The Chair's s
[2017-03-15] In their consideration of monetary policy, participants generally agreed that the data over the intermeeting period were broadly in line with their expectations, providing evidence of further strength
[2017-03-15] Antulio N. Bomfim and Ellen E. Meade, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2017-03-15] Mr. Kashkari dissented because he preferred to maintain the existing target range for the federal funds rate at this meeting. In his view, recent data had not pointed to further progress on the Commit
[2017-03-15] Nominal Treasury yields increased over the intermeeting period, particularly for shorter maturities. Treasury yields reacted only modestly over most of the period to domestic economic data releases th
[2017-03-15] In their discussion of the economic situation and the outlook, meeting participants agreed that information received over the intermeeting period indicated that the labor market had continued to stren
[2017-03-15] Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderat
[2017-03-15] 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
[2017-03-15] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2017-03-15] Members agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee would assess realized and expected economic conditions relat
[2017-03-15] Total U.S. consumer prices, as measured by the PCE price index, increased a little less than 2 percent over the 12 months ending in January. Core PCE price inflation, which excludes changes in food an
[2017-03-15] 3. Attended through the discussion of System Open Market Account reinvestment policy. Return to text
[2017-03-15] In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent. The stance of monetary policy re
[2017-03-15] Commercial real estate loans on banks' books continued to grow in January and February. Spreads on highly rated commercial mortgage-backed securities (CMBS) over Treasury securities were little change
[2017-03-15] Brian M. Doyle, Associate Director, Division of International Finance, Board of Governors; Jane E. Ihrig and David López-Salido, Associate Directors, Division of Monetary Affairs, Board of Governors;
[2017-03-15] Staff Economic Outlook In the U.S. economic projection prepared by the staff for the March FOMC meeting, the near-term forecast for real GDP growth was a little weaker, on net, than in the previous pr
[2017-03-15] Min Wei, Deputy Associate Director, Division of Monetary Affairs, Board of Governors
[2017-03-15] Participants generally viewed the information received over the intermeeting period as reinforcing their expectation that inflation would stabilize around the Committee's 2 percent objective over the
[2017-03-15] When the time comes to implement a change to reinvestment policy, participants generally preferred to phase out or cease reinvestments of both Treasury securities and agency MBS. Policymakers also dis
[2017-03-15] With respect to the economic outlook and its implications for monetary policy, members continued to expect that, with gradual adjustments in the stance of monetary policy, economic activity would expa
[2017-03-15] In the view of one member, it was premature to raise the target range for the federal funds rate at this meeting. That member preferred to await additional information on the amount of slack remaining
[2017-03-15] 5. One participant did not submit longer-run projections for real output growth, the unemployment rate, or the federal funds rate. Return to text
[2017-03-15] William Dupor, Assistant Vice President, Federal Reserve Bank of St. Louis
[2017-03-15] Foreign real GDP growth slowed a bit in the fourth quarter from a relatively strong rate in the third quarter, but it was still somewhat higher than its average pace over the past two years. In much o
[2017-03-15] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell Daniel K. Tarullo
[2017-03-15] In their discussion of developments in the household sector, participants agreed that consumer spending was likely to contribute significantly to economic growth this year. Al­though motor vehicle sal
[2017-03-15] Minutes of the Federal Open Market Committee March 14-15, 2017 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the
[2017-03-15] Robert deV. Frierson, Secretary, Office of the Secretary, Board of Governors
[2017-03-15] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors; Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors; Stephen A. Meyer, De
[2017-03-15] Regarding the outlook for inflation, several participants noted that the apparently modest response of inflation to measures of resource slack in recent years, along with inflation expectations that a
[2017-03-15] Nearly all participants agreed that the Committee's intentions regarding reinvestment policy should be communicated to the public well in advance of an actual change. It was noted that the Committee w
[2017-03-15] Inflation had increased in recent quarters, with the 12-month change in the headline PCE price index rising to nearly 2 percent in January, close to the Committee's longer-run objective. However, near
[2017-03-15] Christopher J. Gust and Jason Wu, Assistant Directors, Division of Monetary Affairs, Board of Governors; Paul R. Wood, Assistant Director, Division of International Finance, Board of Governors
[2017-03-15] David Bowman, Andrew Figura, Joseph W. Gruber, and David Reifschneider, Special Advisers to the Board, Office of Board Members, Board of Governors
[2017-03-15] Participants emphasized that they stood ready to change their assessments of, and communications about, the appropriate path for the federal funds rate in response to unanticipated developments. They
[2017-03-15] Randall A. Williams, Information Manager, Division of Monetary Affairs, Board of Governors
[2017-03-15] 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, March 1
[2017-03-15] In U.S. financial markets, credit flows to large firms remained solid in recent months, with strong bond issuance by investment-grade corporations and brisk originations of leveraged loans. Bank loans
[2017-03-15] David Altig, Jeff Fuhrer, and Glenn D. Rudebusch, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Boston, and San Francisco, respectively
[2017-03-15] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2017-03-15] With their views of the outlook for the economy little changed, participants generally continued to judge that a gradual pace of rate increases was likely to be appropriate to promote the Committee's
[2017-03-15] "Effective March 16, 2017, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 3/4 to 1 percent,
[2017-03-15] Staff Review of the Economic Situation The information reviewed for the March 14-15 meeting suggested that the labor market strengthened further in January and February and that real gross domestic pr
[2017-03-15] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2017-03-15] Participants generally agreed that recent momentum in the business sector had been sustained over the intermeeting period. Many reported that manufacturing activity in their Districts had strengthened
[2017-03-15] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2017-03-15] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2017-03-15] 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 1
[2017-03-15] Total industrial production declined in January, as unseasonably warm weather reduced the demand for heating, which held down the output of utilities. Mining output expanded further following a large
[2017-03-15] In their discussion, policymakers reaffirmed the approach to balance sheet normalization articulated in the Committee's Policy Normalization Principles and Plans announced in September 2014. In partic
[2017-03-15] Real private expenditures for business equipment and intellectual property appeared to be rising in the first quarter after a moderate gain in the fourth quarter. Nominal new orders of nondefense capi
[2017-03-15] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Patrick Harker; Robert S. Kaplan; Jerome H.
[2017-03-15] James M. Lyon and Mark L. Mullinix, First Vice Presidents, Federal Reserve Banks of Minneapolis and Richmond, respectively
[2017-03-15] Net exports exerted a significant drag on real GDP growth in the fourth quarter of 2016, and the January trade data suggested that net exports would continue to weigh on growth in the first quarter of
[2017-03-15] Total real government purchases appeared to be moving sideways in the first quarter after having been little changed in the fourth quarter. Nominal outlays for defense in January and February pointed
[2017-03-15] Notation Vote By notation vote completed on February 21, 2017, the Committee unanimously approved the minutes of the Committee meeting held on January 31-February 1, 2017.
[2017-03-15] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2017-03-16] The Federal Reserve Board has approved action on Thursday by the Board of Directors of the Federal Reserve Bank of Minneapolis, increasing the discount rate (the primary credit rate) at the Bank from
[2017-04-05] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 14-15, 2017. A summary of economic projections made by
[2017-04-05] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2017-04-05] The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Re
[2017-04-05] Minutes of the Federal Open Market Committee March 14-15, 2017: HTML | PDF
[2017-04-11] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 13 through March 15, 2017.
[2017-05-03] Financing conditions for large nonfinancial firms stayed accommodative. Gross issuance of corporate bonds and leveraged loans remained strong in March, with a large share of lower-rated debt issued fo
[2017-05-03] Labor market conditions strengthened further in recent months. At 4.5 percent, the unemployment rate had reached or fallen below levels that participants judged likely to be normal over the longer run
[2017-05-03] Todd E. Clark, Terry Fitzgerald, and Òscar Jordà, Vice Presidents, Federal Reserve Banks of Cleveland, Minneapolis, and San Francisco, respectively
[2017-05-03] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accorda
[2017-05-03] Total nonfarm payroll employment rose in March, but the gain was smaller than in recent months, likely reflecting both warmer-than-usual temperatures in February that probably caused some hiring to be
[2017-05-03] 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
[2017-05-03] The U.S. international trade deficit narrowed in February. Exports rose and imports fell sharply, with imports of automotive products and consumer goods declining after robust increases in January. Pr
[2017-05-03] Real personal consumption expenditures (PCE) rose only modestly in the first quarter, although monthly data indicated some improvement late in the quarter. Indeed, after declining in January and Febru
[2017-05-03] System Open Market Account Reinvestment Policy Participants continued their discussion of issues related to potential changes to the Committee's policy of reinvesting principal payments from securitie
[2017-05-03] Conditions in short-term funding markets were stable over the intermeeting period. Reflecting the FOMC's policy action in March, yields on a broad set of money market instruments moved higher. Treasur
[2017-05-03] Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed. Job gains were solid,
[2017-05-03] Arsenios Skaperdas,5 Economist, Division of Monetary Affairs, Board of Governors
[2017-05-03] Rania Perry,5 Assistant Vice President, Federal Reserve Bank of New York
[2017-05-03] The staff provided its latest report on the potential risks to financial stability; it continued to characterize the financial vulnerabilities of the U.S. financial system as moderate on balance. This
[2017-05-03] Participants generally reiterated their support for a continued gradual approach to raising the federal funds rate. Some participants noted that core PCE price inflation had been running below the Com
[2017-05-03] In their consideration of monetary policy, participants judged that it was appropriate to leave the target range for the federal funds rate unchanged at this meeting. Although the data on aggregate sp
[2017-05-03] 3. Attended the discussions on developments in financial markets and System Open Market Account reinvestment policy. Return to text
[2017-05-03] Financing conditions in the residential mortgage market were little changed over the intermeeting period. Credit availability continued to be relatively tight for households with low credit scores or
[2017-05-03] The staff viewed the uncertainty around its projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for real GDP
[2017-05-03] "Effective May 4, 2017, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 3/4 to 1 percent, in
[2017-05-03] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to leave the interest rates on required and excess res
[2017-05-03] The manager also briefed the Committee on developments regarding certain reference interest rates. Changes in the practices of some domestic and foreign banks for booking certain types of liabilities,
[2017-05-03] 4. Attended the discussions on monetary policy and System Open Market Account reinvestment policy. Return to text
[2017-05-03] Notation Vote By notation vote completed on April 4, 2017, the Committee unanimously approved the minutes of the Committee meeting held on March 14-15, 2017.
[2017-05-03] Residential investment increased at a brisk pace in the first quarter. Starts for both new single-family homes and multifamily units moved up, and issuance of building permits for new single-family ho
[2017-05-03] Patrick E. McCabe, Adviser, Division of Research and Statistics, Board of Governors
[2017-05-03] In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 3/4 to 1 percent. The stance of monetary policy
[2017-05-03] The Committee also decided to maintain its existing policy of reinvesting all principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securi
[2017-05-03] 5. Attended the discussion on System Open Market Account reinvestment policy. Return to text
[2017-05-03] Dana L. Burnett, Michele Cavallo,5 and Dan Li, Section Chiefs, Division of Monetary Affairs, Board of Governors