yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2010-03-16] 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 in Washington, D.C., on Tuesday, March 1
[2010-03-16] Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is
[2010-04-28] 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 in Washington, D.C., on Tuesday, April 2
[2010-04-28] Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve. Growth in house
[2010-05-09] In response to the reemergence of strains in U.S. dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss Na
[2010-06-23] Information received since the Federal Open Market Committee met in April suggests that the economic recovery is proceeding and that the labor market is improving gradually. Household spending is incr
[2010-06-23] 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 in Washington, D.C., on Tuesday, June 22
[2010-08-10] 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 in Washington, D.C., on Tuesday, August
[2010-08-10] Information received since the Federal Open Market Committee met in June indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing grad
[2010-09-21] 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 in Washington, D.C., on Tuesday, Septemb
[2010-09-21] Information received since the Federal Open Market Committee met in August indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gr
[2010-11-03] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, November 2, 2010, at 1:00 p.m. and continued on Wednesday, November 3,
[2010-11-03] Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradual
[2010-12-14] A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, December 14, 2010, at 8:30 a.m. PRESENT: Ben Bernanke, Chairman Willia
[2010-12-14] Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment.
[2011-01-01] these developments, combined with recent declines in commodity prices, are expected to dampen global inflationary pressures.
[2011-01-01] they shared the view that the sovereign debt problems in europe in particular could result in weaker growth not only in the european economy but also in the global economy, especially through their ef
[2011-01-01] In connection with the risks associated with an early start to policy normalization, many participants observed that a premature increase in rates might damp the apparent solid recovery in real activi
[2011-01-01] employment was estimated to have fallen in april, following a large rise in march.
[2011-01-01] in contrast, growth in emerging-market economies, particularly china, remains very strong.
[2011-01-01] 1 The longer-run projections represent each participant's assessment of the rate to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence o
[2011-01-01] for instance, financial crises in other countries in the past had often been accompanied by sustained shortfalls in output relative to its pre-crisis trend.
[2011-01-01] the slack in supply and demand conditions and the slow growth in wages continued to exert downward pressure on prices, while there was inflationary pressure from the impact of the increase in the valu
[2011-01-01] any further reduction in monetary policy stimulus would need to be carefully considered.
[2011-01-01] an example was the trimmed mean measure of underlying inflation for the june quarter, which was lowered from 0.9 per cent to 0.7 per cent, bringing the year-ended rate down from 2.7 per cent to 2.5 pe
[2011-01-01] this reversal of capital flows had been reflected in large depreciations of emerging market currencies against the us dollar.
[2011-01-01] in the meantime, the expectation that policy might be eased was itself being reflected in a reduced level of market interest rates.
[2011-01-01] indicators of consumer spending growth had remained weak, consistent with the squeeze on real disposable incomes.
[2011-01-01] they shared the view that overseas economies were decelerating primarily as a result of a decline in real purchasing power brought about by the earlier rise in crude oil prices, supply-chain disruptio
[2011-01-01] there was no market expectation of any policy rate increase in the united states and the united kingdom in the period ahead because of weaker-than-expected data.
[2011-01-01] The ebbing of stimulus from last year's tax cuts also could tend to slow growth in consumer spending.
[2011-01-01] the bank’s base-case scenario nonetheless assumes that the euro-area crisis will be contained, although this assumption is clearly subject to downside risks.
[2011-01-01] a few members commented that the purchase of jgbs with a remaining maturity of one to two years was also effective in terms of ensuring stability in the foreign exchange market, considering the curren
[2011-01-01] in relation to one of the purposes of the policy -- that is, to influence longer-term interest rates -- some members were of the view that it was important for the bank to secure market confidence in
[2011-01-01] the member continued that it would therefore be appropriate to increase the amount of the program by about 5 trillion yen.
[2011-01-01] this member, however, continued that the potential need for additional monetary easing by affecting longer-term interest rates had not yet decreased, given that there was a risk that the time necessar
[2011-01-01] overall, the bank projects the economy will expand by 2.4 per cent in 2011 and 2.8 per cent in 2012 – a slightly firmer profile than had been anticipated in october.
[2011-01-01] Participants judged that an appropriate firming of the stance of monetary policy, along with an eventual waning of supply–demand imbalances, would help to keep longer-term inflation expectations ancho
[2011-01-01] the exchange rate had also declined somewhat from the very high levels of a few months ago.
[2011-01-01] when economic conditions warrant, the committee's next step in the process of policy normalization will be to begin raising its target for the federal funds rate, and from that point on, changing the
[2011-01-01] (4) although there had been media reports that the government might fund rebuilding costs by issuing jgbs to be underwritten by the bank, the government had never considered this to be an option.
[2011-01-01] both the accompanying statement and the minutes of the meeting were broadly in line with market expectations and elicited limited price action in financial markets.
[2011-01-01] overall, the bank projects that the economy will expand by 2.9 per cent in 2011 and 2.6 per cent in 2012.
[2011-01-01] these price increases, combined with persistent excess demand conditions in major emes, are contributing to broader global inflationary pressures.
[2011-01-01] in the immediate aftermath of the japanese disaster, commodity prices had declined as uncertainty rose, though this decline had been reversed after the situation became a little clearer.
[2011-01-01] on the upside, the recent strength in household spending raised the possibility that domestic final demand could snap back more rapidly than anticipated.
[2011-01-01] labour productivity had remained well below the level associated with a continuation of its pre-crisis trend, which appeared to suggest a substantial amount of underutilised capacity within companies.
[2011-01-01] in many of these asian economies, inflationary pressure continued to be strong, reflecting the earlier rise in food and materials prices and an acceleration in the pace of wage increases due to tight
[2011-01-01] growth in china and other emerging-market economies is projected to moderate to a more sustainable pace.
[2011-01-01] compared with the december forecast, the conditioning assumptions underlying the forecast were little changed and roughly offsetting: although higher equity prices and a lower foreign exchange value o
[2011-01-01] committee policy action in their discussion of monetary policy for the period ahead, committee members agreed that no changes to the committee's asset purchase program or to its target range for the f
[2011-01-01] despite improvements in the outlook for the global and canadian economies, the risks to inflation remain elevated.
[2011-01-01] the news on europe, however, had been notably weaker and it remained unclear as to how the current situation would be resolved.
[2011-01-01] he felt that policymakers should instead focus their attention on improving the monetary policy transmission mechanism, particularly with regard to the activity of community banks, which are vital to
[2011-01-01] with regard to domestic private demand, business fixed investment was picking up as a whole.
[2011-01-01] this short-term volatility reflects the impact of recent sharp increases in energy prices and the ongoing boost from changes in provincial indirect taxes.
[2011-01-01] (1) the japanese economy had been exhibiting signs of upward movement recently, as seen in the steady restoration of supply chains and improvement in consumer sentiment.
[2011-01-01] In considering the effectiveness of the operating regime, the staff observed that over recent years, the Federal Reserve had been able to implement monetary policy in an environment with ample reserve
[2011-01-01] participants judged that overall conditions in labor markets had continued to improve, albeit gradually.
[2011-01-01] But I do think that—and I do think also that unemployment insurance benefits will run out in September, so to the extent that’s a factor, which is not clear, it will no longer be a factor fairly soon.
[2011-01-01] these high prices, combined with persistent excess demand in major emerging-market economies, are contributing to broader global inflationary pressures.
[2011-01-01] (1) the real gdp growth rate for the january-march quarter registered a decrease of 3.7 percent on an annualized basis.
[2011-01-01] despite increased global risk aversion, financial conditions in canada remain very stimulative and private credit growth is strong.
[2011-01-01] liaison had indicated significant caution in hiring intentions, with firms waiting for evidence of growth in demand before looking to increase staff levels.
[2011-01-01] early in the intermeeting period, conditions in short-term wholesale funding markets appeared to deteriorate somewhat.
[2011-01-01] the persistent strength of the canadian dollar could create even greater headwinds for the canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports
[2011-01-01] the global economic expansion is proceeding broadly as projected in april, with modest growth in major advanced economies and robust expansions in emerging economies.
[2011-01-01] Participants generally interpreted the information that became available during the intermeeting period as suggesting that economic growth would most likely remain moderate over coming quarters and th
[2011-01-01] domestic demand is expected to remain the principal driver of growth over the projection horizon.
[2011-01-01] The recent decline in the dollar was another factor that could add to inflation pressures,
[2011-01-01] closed-end residential mortgage loans held by banks also increased amid the modest pickup in refinancing activity, while cre loans contracted.
[2011-01-01] Moreover, survey data on labor market attitudes of both consumers and businesses had not signaled a significant deterioration in employment prospects.
[2011-01-01] And, you know, we do want inflation to run moderately above 2 percent.
[2011-01-01] Participants noted that the improved performance of investment suggested that the expansion was becoming more balanced, with strengthening business spending potentially offsetting some moderation in t
[2011-01-01] the new lending rate on the operations would therefore be the prevailing u.s. dollar overnight index swap (ois) market rate that corresponds to the lending duration, plus 0.5 percentage point.
[2011-01-01] although canadian growth rebounded in the third quarter with the unwinding of temporary factors, underlying economic momentum has slowed and is expected to remain modest through the middle of next yea
[2011-01-01] a few members expressed the view that firms continued to see financial institutions' lending attitudes as being on an improving trend.
[2011-01-01] a comprehensive solution to the sovereign debt and financial stability issues in a number of countries will be required.
[2011-01-01] production had declined significantly since the earthquake, particularly in certain industries, mainly because production facilities were damaged, the supply chain was disrupted, and electric power su
[2011-01-01] meanwhile, some members referred to the continued sluggishness in japanese stock prices -- as seen in, for example, the tokyo stock price index (topix) temporarily falling to around the lowest level s
[2011-01-01] many members raised the following as factors behind this outlook: (1) exports were likely to increase moderately again as the growth rate of the global economy was starting to increase again; and (2)
[2011-01-01] some measures of the longer-term inflation expectations of households had risen over the past year.
[2011-01-01] many members shared the view that it would be appropriate to increase the amount of the program, mainly of the purchases of risk assets, and further enhance monetary easing, with a view to preventing
[2011-01-01] overall, the bank projects the economy will expand by 2.8 per cent in 2011, 2.6 per cent in 2012, and 2.1 per cent in 2013, returning to capacity in the middle of 2012.
[2011-01-01] many members expressed the view that the sovereign debt problems in europe -- which were spreading to large-scale economies such as spain and italy -- had caused a deterioration in the funding conditi
[2011-01-01] foreign economic growth appeared to have slowed significantly in recent months.
[2011-01-01] "The Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output.
[2011-01-01] overall, the bank judges that the risks to the inflation outlook in canada are roughly balanced over the projection horizon.
[2011-01-01] as for the outlook, members shared the view that, even if the u.s. economy continued to recover, the pace would be only modest given that the foundation for a recovery remained fragile -- as evidenced
[2011-01-01] although the pace of increase in exports seemed to be slowing recently, domestic demand remained firm overall as fixed asset investment maintained high growth.
[2011-01-01] output increased markedly at both motor vehicle manufacturers and their upstream suppliers as the supply chain disruptions associated with the earthquake in japan eased.
[2011-01-01] A couple of participants indicated that they would not favor adopting a restrictive policy stance in the absence of clear signs of an overheating economy and rising inflation.
[2011-01-01] inflation has picked up in recent months, mainly reflecting higher prices for some commodities and imported goods, as well as the recent supply chain disruptions.
[2011-01-01] the global economy has slowed markedly as several downside risks to the projection outlined in the bank’s july mpr have been realized.
[2011-01-01] the committee agreed that it was important to acknowledge, in the statement to be released following the meeting, that economic growth remained slow and that indicators pointed to continuing weakness
[2011-01-01] it is expected to rise gradually to 2 per cent by the middle of 2012 as excess supply in the economy is slowly absorbed, labour compensation growth stays modest, productivity recovers, and inflation e
[2011-01-01] in addition, the global activity data had been somewhat softer and downside risks to the international economy had become a little more prominent over the past month, especially in the case of soverei
[2011-01-01] reflecting all of these factors, the bank yesterday maintained its target for the overnight rate at 1 per cent.
[2011-01-01] nevertheless, measures of aggregate wage growth remained high relative to the slow rate of productivity growth, implying that unit labour costs were growing more quickly.
[2011-01-01] fiscal outcomes were also diverging, with the latest imf forecasts showing a significant upward revision to the expected debt/gdp ratio in greece, which was now forecast to rise to around 190 per cent
[2011-01-01] moreover, many of the factors that have been restraining the recovery, such as the large overhang of vacant houses, tight credit conditions, and elevated risk premiums, remained in place.
[2011-01-01] And—and we do that with measures that—that, you know, keep people in their homes; that—that support hiring; that support growth; that avoid unnecessary, avoidable business insolvencies.
[2011-01-01] some members, however, expressed the view that risks had heightened in financial markets again with rising expectations about debt restructuring in greece, as witnessed by the recurrence of the wideni
[2011-01-01] moreover, the downward revision to first-quarter gdp growth and the slow growth reported for the second quarter indicated that the recovery was quite sluggish in the first half of this year.
[2011-01-01] this leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in an environment of material excess supply in canada.
[2011-01-01] (1) the japanese economy had been showing weakness recently due to the effects of the disaster, and this was expected to continue for a while.
[2011-01-01] But I want to emphasize that we do have a commitment to raising inflation to 2 percent.
[2011-01-01] however, slack in supply and demand conditions and slower growth in wages continued to exert downward pressure.
[2011-01-01] relative to the april projection, growth in household spending is now projected to be slightly firmer, reflecting higher household income, and net exports to be slightly weaker, reflecting more subdue
[2011-01-01] this increase reflected a combination of factors including lower economic growth, lower-than-expected capital gains tax revenue and changes in the timing of some policy measures.
[2011-01-01] this added to the risk of the perception arising that the committee was more prepared to tolerate persistent deviations of inflation from the target than in the past.
[2011-01-01] alternatively, it could signal that firms had begun to respond to weaker actual or prospective demand by reducing hiring.
[2011-01-01] there had already been some stimulus imparted from the substantial downward movements in interest rates across the term structure over the past two months, although part of that was likely to have bee
[2011-01-01] household spending remains solid and business investment robust.
[2011-01-01] meanwhile, a few members pointed to the risk that china could face electricity shortages this summer that might restrain its economic activity.
[2011-01-01] The drop in the unemployment rate over the past year, while welcome and significant, could overstate the degree of improvement in labor market conditions, in part because of the decline in the labor f
[2011-01-01] some members said that they continued to hold a cautious view regarding the momentum in terms of bringing the inflation rate closer to the level of medium- to long-term inflation expectations.
[2011-01-01] within that, estimated domestic demand had been weaker than the committee had expected, while net trade had contributed rather more to growth than expected.
[2011-01-01] household expenditures are now projected to grow relatively modestly as lower commodity prices and heightened volatility in financial markets weigh on the incomes, wealth and confidence of canadian ho
[2011-01-01] members began their discussion on financial markets by noting that markets had been relatively stable over the past month.
[2011-01-01] The disruptions to global economic activity had significantly affected financial conditions and impaired the flow of credit to U. S. households and businesses.
[2011-01-01] as for prices, although the effects of the rise in international commodity prices had been observed, the year-on-year rate of increase in the consumer price index (cpi) for all items less energy and f
[2011-01-01] together with the timetable for these reforms, the government would formulate a concrete plan by the middle of 2011, aim to secure public consensus, and subsequently carry out these reforms.
[2011-01-01] And our plan as we do that is, as those purchases get to that level, we believe we can gradually reduce them, and we believe we can also gradually reduce repo as—as we reach an ample level, as we’re s
[2011-01-01] Business and household spending are increasing at rates consistent with moderate economic growth, though household spending appears to be rising at a somewhat slower pace than earlier this year.
[2011-01-01] Both total and core inflation were projected to move up slightly next year, as the low readings early this year were expected to be transitory, but nevertheless to continue to run below 2 percent.
[2011-01-01] on a year-ended basis, underlying inflation was running at a little below 2½ per cent, the midpoint of the medium-term target.
[2011-01-01] members discussed the implications of recent developments for the economic outlook.
[2011-01-01] corporate bond issuance in australian had also been strong, particularly offshore.
[2011-01-01] on this basis, some members expressed the opinion that, at this point, it was important for the bank to examine the effects of the increase in the amount of the program, including those of the aforeme
[2011-01-01] And one reason for that is that long-term interest rates generally embody two factors.
[2011-01-01] mr. kocherlakota's perspective on the policy decision was again shaped by his view that in november 2010, the committee had chosen a level of accommodation that was well calibrated for the condition o
[2011-01-01] european growth has also been slightly stronger than anticipated.
[2011-01-01] commercial mortgage markets continued to show tentative signs of stabilization.
[2011-01-01] Broad equity price indexes fell sharply over the intermeeting period on net.
[2011-01-01] A couple of participants noted that uncertainties concerning both the level of, and the source of shifts in, potential output made it difficult to base decisions about monetary policy on real-time mea
[2011-01-01] in the united states, growth is solidifying, although consolidation of household and, ultimately, government balance sheets will limit the pace of the expansion.
[2011-01-01] while growth in core europe has been stronger than expected, necessary fiscal austerity measures in a number of countries will restrain growth over the projection horizon.