yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2018-01-01] In contrast, CRE loan growth at banks was weak in July and August, likely partly driven by the recovery of CMBS markets.
[2018-01-01] in this context, household credit growth continues to moderate and housing activity across canada is stabilizing.
[2018-01-01] in this context, it was important to highlight that, even after a termination of the net asset purchases under the app, monetary policy would continue to be very accommodative.
[2018-01-01] measures of underlying inflation remained subdued and had yet to show convincing signs of a sustained upward trend.
[2018-01-01] business investment has been increasing at a solid pace, and investment intentions remain positive.
[2018-01-01] meanwhile, regarding the effects of the consumption tax hike scheduled to take place in october 2019, one member stated that the negative impact on japan's economy likely would be limited compared to
[2018-01-01] conditions in the agricultural sector reportedly improved somewhat, but contacts were concerned about the effect of potentially higher tariffs on their exports.
[2018-01-01] annual consumer price inflation in the oecd area had remained stable in april, while inflation excluding food and energy had slowed marginally to 1.9%.
[2018-01-01] wage growth remains moderate, although it is projected to pick up in the coming quarters, consistent with the bank’s latest business outlook survey.
[2018-01-01] although residential building approvals had fallen in the september quarter and liaison indicated that pre-sales had become harder to obtain, the large pipeline of work yet to be done was expected to
[2018-01-01] among these, an appreciation of the australian dollar would be expected to result in a slower pick-up in economic activity and inflation than otherwise.
[2018-01-01] meanwhile, they shared the recognition that, although the effects of the scheduled consumption tax hike on economic activity were likely to be smaller than those in fiscal 2014, when the last consumpt
[2018-01-01] in particular, the bank is monitoring the economy’s adjustment to higher interest rates and the evolution of capacity and wage pressures, as well as the response of companies and consumers to trade ac
[2018-01-01] the bank rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.
[2018-01-01] the transitory impact of higher gasoline prices and recent minimum wage increases will likely cause inflation in 2018 to be modestly higher than the bank expected in its january monetary policy report
[2018-01-01] Moreover, a 50 basis point reduction that was associated with the communication of a Committee view that the risks to achieving its objectives for economic activity were balanced might be mistakenly i
[2018-01-01] the june 2018 eurosystem staff projections for euro area real gdp growth were broadly aligned with, or slightly below, available forecasts from other international institutions.
[2018-01-01] cpi inflation was likely to be somewhat lower in the near term, given the committee’s judgement to reduce the extent to which sterling’s depreciation was projected to push up import prices.
[2018-01-01] while the pull-back in euro area growth in the first half of the year could largely be attributed to weaker external demand, after exceptionally strong external trade in 2017, the point was made that
[2018-01-01] in reviewing federal reserve operations, the manager noted that market reaction to the ongoing reduction in the system's holdings of treasury and agency securities had been muted to date.
[2018-01-01] some participants commented that trade policy developments remained a source of uncertainty for the outlook for domestic growth and inflation.
[2018-01-01] voting for this action: janet l. yellen, william c. dudley, thomas i. barkin, raphael w. bostic, lael brainard, loretta j. mester, jerome h. powell, randal k. quarles, and john c. williams.
[2018-01-01] members discussed the important role that demand factors had played in slowing the pace of borrowing.
[2018-01-01] it was noted that the growth of mfi loans to the private sector had strengthened further, continuing the upward trend observed since the beginning of 2014.
[2018-01-01] the annual growth rates of loans to nfcs and of loans to households had increased further in the third quarter of 2017.
[2018-01-01] looking forward, consumption and residential investment are expected to contribute less to growth, given higher interest rates and new mortgage guidelines, while business investment and exports are ex
[2018-01-01] overall, the risks surrounding the outlook for economic growth were assessed to have remained broadly balanced, with downside risks related to the threat of trade protectionism having become more prom
[2018-01-01] over the same period, the euro had strengthened both against the us dollar and, to a lesser extent, in nominal effective terms against the currencies of the euro area’s 38 major trading partners.
[2018-01-01] exports have been weaker than expected although, apart from cross-border shifts in automotive production, there have been positive signs in most other categories.
[2018-01-01] the australian bureau of statistics measure of job vacancies had reached its highest level as a share of the labour force since the late 1970s, when the series commenced, and measures of firms' hiring
[2018-01-01] on the assumption that these structural changes would persist, but that the investment-to-output ratios for other industries would return to their long-run averages, this suggested there were some ups
[2018-01-01] the picture of a sustained global economic expansion was supported by the latest imf projections for world real gdp growth.
[2018-01-03] Minutes of the Federal Open Market Committee December 12-13, 2017: HTML | PDF
[2018-01-03] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 12-13, 2017. A summary of economic projections made
[2018-01-03] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2018-01-03] 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
[2018-01-09] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from December 4 and December 13, 2017.
[2018-01-31] Staff Review of the Economic Situation The information reviewed for the January 30-31 meeting indicated that labor market conditions continued to strengthen through December and that real gross domest
[2018-01-31] AUTHORIZATION FOR FOREIGN CURRENCY OPERATIONS (As reaffirmed effective January 30, 2018)
[2018-01-31] Total nonfarm payroll employment increased solidly in December, and the national unemployment rate remained at 4.1 percent. The unemployment rates for Hispanics, for Asians, and for African Americans
[2018-01-31] B. Any Federal Reserve Bank that maintains Customer Accounts, for any such Customer Account, when appropriate and subject to all other necessary authorization and approvals, to:
[2018-01-31] iii. Accept agency securities as collateral only for a loan of agency securities authorized in this paragraph 2.
[2018-01-31] The broad nominal dollar index declined nearly 4 percent relative to its value at the time of the December FOMC meeting; the decline was most pronounced against AFE currencies, but the dollar deprecia
[2018-01-31] Real residential investment rose briskly in the fourth quarter after having declined in the previous two quarters. Both starts and issuance of building permits for new single-family homes increased in
[2018-01-31] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2018-01-31] ii. Accept Treasury securities or cash as collateral for any loan of securities authorized in this paragraph 2; and
[2018-01-31] iv. To achieve such other objectives as may be authorized by the Committee.
[2018-01-31] The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation. The Committee reaffirms its judgm
[2018-01-31] 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. On the one hand, many indicators of un
[2018-01-31] William C. Dudley, President of the Federal Reserve Bank of New York, with Michael Strine, First Vice President of the Federal Reserve Bank of New York, as alternate
[2018-01-31] D. To exchange, at market prices, maturing Eligible Securities in the SOMA with an agency of the United States, in the case of Eligible Securities that are direct obligations of that agency or that ar
[2018-01-31] 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
[2018-01-31] The Committee intends to reaffirm these principles and to make adjustments as appropriate at its annual organizational meeting each January.
[2018-01-31] Voting for the FOMC monetary policy action were Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Loretta J. Mester; Jerome H. Powell; Randa
[2018-01-31] "Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Ga
[2018-01-31] ii. Undertaken to adjust System balances in light of probable future needs for currencies; or
[2018-01-31] 6. Any other operations in foreign currencies for which governance is not otherwise specified in this Authorization (such as foreign exchange swap transactions with private-sector counterparties) must
[2018-01-31] The Committee directs the Desk to continue rolling over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that
[2018-01-31] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2018-01-31] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2018-01-31] With regard to inflation expectations, two of the briefings presented findings that the longer-run trend in inflation, absent cyclical disturbances or transitory fluctuations, had been stable in recen
[2018-01-31] Secretary's note: Advice subsequently was received that the manager and deputy manager selections indicated above were satisfactory to the Federal Reserve Bank of New York.
[2018-01-31] B. To hold balances of, and to have outstanding forward contracts to receive or to deliver, foreign currencies.
[2018-01-31] The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency mortgage-backed securities transactions.
[2018-01-31] A. To buy or sell in the open market securities that are direct obligations of, or fully guaranteed as to principal and interest by, the United States, and securities that are direct obligations of, o
[2018-01-31] By unanimous vote, the Federal Reserve Bank of New York was selected to execute transactions for the System Open Market Account (SOMA).
[2018-01-31] C. For standing foreign currency liquidity swap arrangements all drawings must be approved in advance by the Committee (or by the Subcommittee, if the Subcommittee believes that consultation with the
[2018-01-31] i. Generally directed at countering disorderly market conditions; or
[2018-01-31] A. Adjust somewhat in exceptional circumstances the stance of monetary policy and to take actions that may result in material changes in the composition and size of the assets in the SOMA; or
[2018-01-31] iii. Subject to reasonable limitations on the total amount of a specific issue of Eligible Securities that may be auctioned; and
[2018-01-31] 2. All transactions in foreign currencies undertaken pursuant to paragraph 1 above shall, unless otherwise authorized by the Committee, be conducted:
[2018-01-31] Staff Review of the Financial Situation Domestic financial market conditions eased considerably further over the intermeeting period. A strengthening outlook for economic growth in the United States a
[2018-01-31] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy
[2018-01-31] 4. The Committee authorizes the Selected Bank, with the prior approval of the Subcommittee and at the request of the United States Treasury, to conduct swap transactions with the United States Exchang
[2018-01-31] A. Reciprocal currency arrangements with the following foreign central banks:
[2018-01-31] i. All arrangements are subject to annual review and approval by the Committee;
[2018-01-31] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants agreed that information received since the FOMC m
[2018-01-31] B. In close and continuous cooperation and consultation, as appropriate, with the United States Treasury.
[2018-01-31] 3. The Committee directs the Selected Bank to maintain, for the System Open Market Account:
[2018-01-31] A. In a manner consistent with the obligations regarding exchange arrangements under Article IV of the Articles of Agreement of the International Monetary Fund (IMF).1
[2018-01-31] By unanimous vote, the Committee selected Janet L. Yellen to serve as Chairman through February 2, 2018, and Jerome H. Powell to serve as Chairman, effective February 3, 2018, until the selection of h
[2018-01-31] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2018-01-31] i. As an outright operation with securities dealers and foreign and international accounts maintained at the Selected Bank: on a same-day or deferred delivery basis (including such transactions as are
[2018-01-31] AUTHORIZATION FOR DOMESTIC OPEN MARKET OPERATIONS (As amended effective January 30, 2018)
[2018-01-31] The nominal Treasury yield curve shifted up over the intermeeting period amid an improved outlook for domestic and foreign economic growth. Yields on both 2- and 10-year Treasury securities moved up a
[2018-01-31] 3. The Committee authorizes the Selected Bank to undertake transactions of the type described in paragraphs 1 and 2 from time to time for the purpose of testing operational readiness, subject to the f
[2018-01-31] 1. In general, as specified in Article IV, each member of the IMF undertakes to collaborate with the IMF and other members to assure orderly exchange arrangements and to promote a stable system of exc
[2018-01-31] Members expected that, with further gradual adjustments in the stance of monetary policy, economic activity would expand at a moderate pace and labor market conditions would remain strong. In their di
[2018-01-31] 10. All Federal Reserve banks shall participate in the foreign currency operations for System Open Market Account in accordance with paragraph 3G(1) of the Board of Governors' Statement of Procedure w
[2018-01-31] Staff Economic Outlook The U.S. economic projection prepared by the staff for the January FOMC meeting was stronger than the staff forecast at the time of the December meeting. Real GDP was estimated
[2018-01-31] B. Standing dollar liquidity swap arrangements with the following foreign central banks:
[2018-01-31] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Andreas Lehnert, Director, Division of Financial Stability, Board of Governors
[2018-01-31] 6. The Committee directs the Selected Bank to conduct testing of transactions for the purpose of operational readiness in accordance with the provisions of paragraph 9 of the Authorization.
[2018-01-31] 5. The Committee directs the Selected Bank to report to the Committee, at each regular meeting of the Committee, on transactions undertaken pursuant to paragraphs 1 and 6 of the Authorization. The Sel
[2018-01-31] i. Reject bids that, as determined in its sole discretion, could facilitate a bidder's ability to control a single issue;
[2018-01-31] Joseph W. Gruber, Senior Associate Director, Division of International Finance, Board of Governors; Michael G. Palumbo, Senior Associate Director, Division of Research and Statistics, Board of Governo
[2018-01-31] 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 1-1/4 to 1‑1/2 percent. The stance of monetary
[2018-01-31] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in December indicated that the labor market had co
[2018-01-31] Real private expenditures for business equipment and intellectual property increased at a solid pace in the fourth quarter. Recent indicators of business equipment spending--such as rising new orders
[2018-01-31] B. To allow Eligible Securities in the SOMA to mature without replacement;
[2018-01-31] David Reifschneider and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2018-01-31] Jeff Fuhrer and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Boston and Chicago, respectively
[2018-01-31] 1. The Federal Open Market Committee (the "Committee") authorizes and directs the Federal Reserve Bank selected by the Committee to execute open market transactions (the "Selected Bank"), to the exten
[2018-01-31] B. The Selected Bank may manage such foreign currency holdings by:
[2018-01-31] Market-based measures of policy expectations and longer-term sovereign yields moved up in most AFEs. The Bank of Canada raised its policy rate at its January meeting, largely in response to better-tha
[2018-01-31] B. The aggregate par value of the transactions authorized in this paragraph 3 that are of the type described in paragraph 1.A.i shall not exceed $5 billion per calendar year; and
[2018-01-31] FOMC communications over the intermeeting period were generally characterized by market participants as consistent with their expectations for continued gradual removal of monetary policy accommodatio
[2018-01-31] "Effective February 1, 2018, 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 1-1/4 to 1-1/2
[2018-01-31] E. For reciprocal currency arrangements, standing dollar liquidity swap arrangements, and standing foreign currency liquidity swap arrangements:
[2018-01-31] Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessments of realized and expected economic conditions relative to
[2018-01-31] Andrea Ajello, Kurt F. Lewis, and Bernd Schlusche, Principal Economists, Division of Monetary Affairs, Board of Governors; Ekaterina Peneva and Daniel J. Vine, Principal Economists, Division of Resear
[2018-01-31] C. In consultation, as appropriate, with foreign monetary authorities, foreign central banks, and international monetary institutions.
[2018-01-31] Participants generally agreed that inflation expectations played a fundamental role in understanding and forecasting inflation, with stable inflation expectations providing an important anchor for the
[2018-01-31] The labor market had strengthened further in recent months, as indicated by continued solid payroll gains, a small increase in average hours worked, and a labor force participation rate that had held
[2018-01-31] Total real government purchases rose modestly in the fourth quarter. Increased federal government purchases mostly reflected a rise in defense spending, and the gains in purchases by state and local g
[2018-01-31] In setting monetary policy, the Committee seeks to mitigate deviations of inflation from its longer-run goal and deviations of employment from the Committee's assessments of its maximum level. These o
[2018-01-31] D. Operations involving standing dollar liquidity swap arrangements and standing foreign currency liquidity swap arrangements shall generally be directed at countering strains in financial markets in
[2018-01-31] Minutes of the Federal Open Market Committee January 30-31, 2018 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 th
[2018-01-31] Estimates of total and core PCE price inflation for 2017 were in line with the staff's previous forecast. The projection for inflation over the medium term was revised up slightly, primarily reflectin
[2018-01-31] 1. The Committee directs the Federal Reserve Bank selected by the Committee (the "Selected Bank") to execute open market transactions, for the System Open Market Account, in accordance with the provis
[2018-01-31] 4. Committee organizational documents are available at www.federalreserve.gov/monetarypolicy/rules_authorizations.htm. Return to text
[2018-01-31] A. The Selected Bank, for the SOMA, to undertake reverse repo transactions in Eligible Securities held in the SOMA with the Customer Accounts for a term of 65 business days or less; and
[2018-01-31] By unanimous vote, the Authorization for Domestic Open Market Operations was approved with revisions to incorporate transactions of securities lending into the existing operational readiness testing p
[2018-01-31] ii. Undertake intra-day repo transactions in Eligible Securities with Foreign Accounts.
[2018-01-31] Inflation, employment, and long-term interest rates fluctuate over time in response to economic and financial disturbances. Moreover, monetary policy actions tend to influence economic activity and pr
[2018-01-31] Total U.S. consumer prices, as measured by the PCE price index, increased about 1-3/4 percent over the 12 months ending in December. Core PCE price inflation, which excludes changes in consumer food a
[2018-01-31] ii. As a temporary operation: on a same-day or deferred delivery basis, to purchase such Eligible Securities subject to an agreement to resell ("repo transactions") or to sell such Eligible Securities
[2018-01-31] Most members noted that recent information on inflation along with prospects for a continued solid pace of economic activity provided support for the view that inflation on a 12-month basis would like
[2018-01-31] Many participants noted that financial conditions had eased significantly over the intermeeting period; these participants generally viewed the economic effects of the decline in the dollar and the ri
[2018-01-31] Real PCE increased strongly in the fourth quarter. Recent readings on key factors that influence consumer spending--including gains in employment, real disposable personal income, and households' net
[2018-01-31] Inflation Analysis and Forecasting The staff presented three briefings on inflation analysis and forecasting. The presentations reviewed a number of commonly used structural and reduced-form models. T
[2018-01-31] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, March 20-21, 2018. The meeting adjourned at 10:50 a.m. on January 31, 2018.
[2018-01-31] The FOMC's decision at its December meeting to raise the target range for the federal funds rate was transmitted smoothly to money market rates. The effective federal funds rate held steady at a level
[2018-01-31] A. With the prior approval of the Committee, to enter into any needed agreement or understanding with the Secretary of the United States Treasury about the division of responsibility for foreign curre
[2018-01-31] ii. Purchasing Permitted Foreign Securities under agreements for repurchase of such Permitted Foreign Securities and selling such securities under agreements for the resale of such securities; and