yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2010-01-01] in contrast, non-tradables inflation (excluding deposit & loan facilities) had picked up to a year-ended rate of 4.4 per cent, with significant increases in the prices of housing-related items, most n
[2010-01-01] those risks appeared to be quite limited for the nearer term, excessive monetary stimulus had to be avoided to avert rising inflation expectations and added inflation pressures over time.
[2010-01-01] He also judged that the policy step would do little to improve near-term growth prospects, given the ongoing structural adjustments and external challenges faced by the U. S. economy.
[2010-01-01] members shared the view that financial conditions, with some lingering severity, had continued to show signs of easing.
[2010-01-01] based on this discussion, members shared the view that the new measure would be consistent with the monetary policy mission stipulated in the bank of japan act that the bank should aim at achieving pr
[2010-01-01] it was noted that this drop could be explained by a reduction in the number of respondents who had previously expected relatively high inflation outcomes.
[2010-01-01] many members raised the possibility that the effects of the rise in international commodity prices would spill over to consumer prices as a risk factor for the outlook for prices.
[2010-01-01] although business fixed investment was likely to remain more or less unchanged for the time being as the sense of excessive capital stock was strong among firms, it was expected to pick up gradually w
[2010-01-01] Given the pressure of a considerable amount of unused resources, any adverse developments that held down economic expansion would increase the probability of further disinflation.
[2010-01-01] a few members expressed the view that the improvement in housing-related indicators, such as home prices and housing starts, had recently slowed and future developments warranted monitoring.
[2010-01-01] issuance of kangaroo bonds (australian dollar issues by offshore issuers) had been strong recently, taking advantage of the favourable cross-currency basis swap spread for such issuers.
[2010-01-01] nevertheless, spot prices for australia's bulk commodities were still above those in the june quarter 2010 export contracts.
[2010-01-01] firming domestic demand, rising exports, and business inventory restocking appeared to have provided upward impetus to factory production.
[2010-01-01] the decline in spending for other types of nonresidential buildings appeared to be slowing, and there were a few signs that financial conditions in commercial real estate markets, though still difficu
[2010-01-01] The U. S. trade deficit in goods and services widened substantially in January and February from its fourth-quarter average, with exports falling sharply and imports rising strongly.
[2010-01-01] liaison suggested that financing conditions for firms in the construction sector were improving, though they remained tight.
[2010-01-01] The latter could well be augmented by sharply rising medical costs and by attempts to protect the purchasing power of wages from the erosion caused by the rise in energy prices.
[2010-01-01] Several mentioned that the revisions to the NIPA pointed to a modest downward adjustment in projected growth of actual and potential GDP,
[2010-01-01] the nikkei 225 stock average had recently been in the range of had declined somewhat mainly in response to the drop in stock prices, and was in the range of 1.2-1.3 percent.
[2010-01-01] the labor market showed signs of a nascent recovery in recent months.
[2010-01-01] in europe, german long-term interest rates had risen as the flight to quality caused by deterioration in fiscal conditions in some peripheral european countries was losing momentum.
[2010-01-01] interest rates had risen slightly in the euro area, probably reflecting the fall in the amount of excess reserves within the eurosystem following the european central bank’s most recent market operati
[2010-01-01] on balance, core inflation was expected to continue at a subdued rate over the projection period.
[2010-01-01] delinquency rates on consumer loans remained high in recent months.
[2010-01-01] they added that, against this background, business fixed investment was expected to continue to improve and private consumption was expected to pick up again with the improving trend in the employment
[2010-01-01] some members expressed the opinion that attention should be paid to the effects of the recent instability in stock prices on private consumption.
[2010-01-01] members concurred that private consumption was picking up partly due to policy measures.
[2010-01-01] The U. S. international trade deficit declined somewhat in May after reaching a record high in April.
[2010-01-01] (1) the government greatly welcomed the bank's decision at the previous meeting to implement drastic measures.
[2010-01-01] this retreat led to a broad appreciation of the dollar as well as declines in equity prices abroad and in yields on benchmark sovereign bonds.
[2010-01-01] in spain, unemployment had continued to rise, reaching nearly 21%, and ireland had announced further fiscal consolidation measures.
[2010-01-01] In the end, they concurred that the statement should note that economic growth had rebounded in the current quarter but that it appeared likely to moderate to a more sustainable pace in coming quarter
[2010-01-01] Risk sentiment abroad fluctuated over the intermeeting period as market participants weighed increasing coronavirus cases in a number of countries against improving economic data releases and ongoing
[2010-01-01] regarding prices, some members commented that the inflation rate was trending down.
[2010-01-01] The lagged effects of the substantial easing in monetary policy this year and the fiscal stimulus measures already enacted into law were expected to buttress demand and economic recovery over the next
[2010-01-01] The System Open Market Account manager and the secretary will keep the Committee informed of ongoing developments regarding the System's balance sheet that could affect the attainment over time of the
[2010-01-01] long-term interest rates in the united states had fallen, mainly reflecting heightened expectations for additional monetary easing, and those in europe had fallen somewhat in response to the weakening
[2010-01-01] although a substantial fraction of banks continued to tighten their credit policies on commercial real estate loans in the fourth quarter, lending standards for most other types of loans were little c
[2010-01-01] In this regard the risks of rising inflation could not be dismissed, and
[2010-01-01] in considering the level of interest rates, members noted that the three increases in the cash rate late in 2009, together with the widening in the margins between the cash rate and many lending rates
[2010-01-01] this was resulting in an upward drift in short-term market rates towards the ecb's policy rate.
[2010-01-01] members shared the view that housing investment had recently leveled out, mainly in the tokyo metropolitan area, and was likely to gradually head for a recovery.
[2010-01-01] members made an assessment in terms of the first perspective; that is, they assessed the baseline scenario of the outlook for economic activity and prices considered to be the most likely through fisc
[2010-01-01] a few members said that the recent growth in exports had been stronger than assumed in the projection in the april 2010 outlook report.
[2010-01-01] in the light of recent developments, there was a range of views among committee members about how the balance of risks to the outlook for inflation in the medium term had changed since the time of the
[2010-01-01] global equity prices had recovered to around the peak reached in april, but prices of financial stocks remained well below that level.
[2010-01-01] the recent strength of money gdp growth was likely to have persisted into the second quarter, based on the data seen so far.
[2010-01-01] total pay had increased by more, reflecting the increased contribution of bonus payments, which was likely to fall back in the second quarter.
[2010-01-01] members first discussed recent developments in global financial markets, and confirmed that, reflecting the further worsening of the greek problem, strains in u.s. dollar short-term funding markets in
[2010-01-01] meanwhile, a few members said that corporate managers -- who had not yet been able to establish a medium to long-term growth strategy, and had grown increasingly frustrated -- had come to attach their
[2010-01-01] some members said that, in the june 2010 _tankan, fixed investment plans of manufacturing and nonmanufacturing_ firms for fiscal 2010 were revised upward and the aggregated amount of all industries' p
[2010-01-01] but it was likely that the underlying rate of growth had increased between the two quarters.
[2010-01-01] one of these members noted the possibility that the decline in u.s. long-term interest rates reflected a decrease in the expected economic growth rate.
[2010-01-01] this was particularly so at the shorter end of the yield curve, reflecting the expectation that policy rates in the major economies would remain low for an extended period.
[2010-01-01] regarding the guideline for money market operations until the next meeting to be held on september 6 and 7, 2010, members agreed that it was appropriate to maintain the current guideline that the bank
[2010-01-01] however, they noted some loosening of terms for both securities financing and over-the-counter derivatives transactions, on net, over the previous three months for certain classes of clients--includin
[2010-01-01] output had risen by 0.8% during the first quarter and the manufacturing and non-manufacturing pmis for april were consistent with continuing growth in the second quarter.
[2010-01-01] In the household sector, mortgage debt increased at its lowest pace since the late 1990s, reflecting the continued deceleration in house prices.
[2010-01-01] it welcomed the bank's proposal made at this meeting of the principal terms and conditions for purchases of these assets as a swift response.
[2010-01-01] some members said that, although the overall economy had continued to recover moderately, uncertainty regarding the outlook remained high, given the need to proceed with fiscal consolidation and balan
[2010-01-01] in line with discussions within the policy board so far, the fund-provisioning measure should (1) act as a catalyst for financial institutions to make efforts toward strengthening the foundations for
[2010-01-01] participants noted that elevated uncertainty about employment prospects continued to weigh on consumption spending.
[2010-01-01] japanese stock prices, after declining partly due to the appreciating trend of the yen, had recovered somewhat along with the recent rises in u.s. and european stock prices.
[2010-01-01] In this regard, members referred to earlier unsustainable rates of investment by many high-tech firms that were now obliged to retrench despite still high rates of growth in the demand for their produ
[2010-01-01] he believed that holding rates artificially low would invite the development of new imbalances and undermine long-run growth.
[2010-01-01] returning the portfolio to its historical composition of essentially all treasury securities would minimize the extent to which the federal reserve portfolio might be affecting the allocation of credi
[2010-01-01] The U. S. international trade deficit narrowed in May, as a large increase in exports of goods and services more than offset a moderate increase in imports.
[2010-01-01] Going forward, consumer outlays were expected to be supported by further advances in employment and income.
[2010-01-01] a continuation of the financial market turbulence could adversely affect credit conditions to the extent that there was a deterioration in the terms on which banks could access funds.
[2010-01-01] members noted that many market participants expected a further increase in the cash rate at this meeting.
[2010-01-01] the pace of recovery still depended critically on the interplay of the various underlying tailwinds and headwinds affecting activity.
[2010-01-01] it was agreed that the next meeting of the committee would be held on tuesday, august 10, 2010.
[2010-01-01] 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 of
[2010-01-01] the irish government was in the process of dismantling anglo irish bank, which had previously received sizable capital injections from the government.
[2010-01-01] domestically, members noted that the economy appeared to be evolving broadly in line with the bank's expectations.
[2010-01-01] there had also been a large decline in the price of domestic holiday travel and accommodation, partly reflecting subdued demand in parts of that industry.
[2010-01-01] (5) the maximum outstanding amount of each etf to be purchased should be set so that the bank's purchases would be roughly proportionate to the total market value of that etf issued.
[2010-01-01] the rise in exports in july more than offset their decline in june, as overseas sales of capital goods rose sharply.
[2010-01-01] the committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to support the economic recovery and to help ensure that inflation,
[2010-01-01] members discussed the updated staff forecasts, which were little changed from the forecasts prepared at the time of the may meeting.
[2010-01-01] some members commented that the growth in demand for some it-related goods was slowing around the world.
[2010-01-01] global credit market conditions had generally been stable with solid issuance, including by sub-investment-grade issuers in the united states.
[2010-01-01] as for the outlook, some members were of the opinion that, amid the waning of the effects of inventory restocking and fiscal spending, the pace of u.s. economic recovery was likely to remain moderate,
[2010-01-01] there had been only a relatively limited amount of data on the domestic economy over the past month.
[2010-01-01] some members expressed the view that, by working on risk premiums, the bank would encourage risk-taking activity within the overall economy, which would in turn increase the economy's productivity and
[2010-01-01] real disposable personal income moved up at a solid rate in march and april, reflecting increases in employment and hours worked as well as slightly higher real wages, but home values declined in rece
[2010-01-01] a few members expressed the view that the risk of inflation had increased further against the backdrop of the continued rise in real estate prices, wage increases in the coastal area, and the rise in
[2010-01-01] Nonfarm payroll employment increased sharply further in January and February, and the civilian unemployment rate, at 4.
[2010-01-01] net trade had subtracted from growth again, while the contribution to growth from inventories had increased.
[2010-01-01] one member said that corporate bond issuance and public offering of stocks had subsided amid reduced demand for funds among firms.
[2010-01-01] private consumption was likely to weaken temporarily mainly due to the ending of the boost from the extremely hot weather and the expiration of subsidies for purchasers of environmentally friendly car
[2010-01-01] investors took particular note of the statement's indication that inflation was below the levels consistent with the fomc's dual mandate for maximum employment and price stability.
[2010-01-01] near-term indicators of business spending on equipment and software were generally positive.
[2010-01-01] based on this discussion, some members said that full attention should continue to be paid to developments in china's macroeconomic policy, including monetary policy, and their possible effects.
[2010-01-01] activity indicators in a number of peripheral euro-area countries had remained weak, and there had been further evidence of differentiation by financial market participants between them.
[2010-01-01] however, yields remained high even after these announcements and moved up subsequently, notwithstanding the ecb's purchases of government debt.
[2010-01-01] many members referred to developments in import prices as a risk factor for the outlook for prices, and pointed to the need to closely monitor the degree to which the recent appreciation of the yen ex
[2010-01-01] members concurred that the appropriate course was to set policy as required by the most likely outcome, and to be ready to respond to other outcomes if they eventuated.
[2010-01-01] it was possible that a recovery might be associated with relatively little job creation, as labour productivity increased.
[2010-01-01] participants generally agreed that such steps to return the federal reserve's liquidity provision to a normal footing would be technical adjustments to reflect the notable diminution of the market str
[2010-01-01] with respect to the statement to be released following the meeting, members agreed that only small changes were necessary to reflect the modest improvement in the near-term economic outlook.
[2010-01-01] international equity prices had been relatively stable during the month.
[2010-01-01] some members expressed the view that, amid the continued declining trend in firms' funding costs, stimulative effects from low interest rates were beginning to strengthen in light of improved corporat
[2010-01-01] measured labour productivity had fallen sharply during the recession, but had begun to recover.
[2010-01-01] such signs were expected to gradually become more evident as the improvement in corporate profits continued.
[2010-01-01] these members then expressed the view that, by establishing a program on its balance sheet through which the bank would make the purchase, the bank would be able to clearly distinguish and treat the p
[2010-01-01] net equity issuance by nonfinancial firms was negative again in the first quarter as the solid pace of gross public issuance was more than offset by equity retirements from both cash-financed mergers
[2010-01-01] many commentators expected a large number of mortgage foreclosures over the coming years, which could affect banks’ willingness to lend.
[2010-01-01] some members -- referring to the substantial decline in the consumer confidence index and weak housing-related indicators, as well as the high unemployment rate and the prolonged average duration of u
[2010-01-01] these factors could push the bank closer to the realm of fiscal policy.
[2010-01-01] that would occur if a decline in growth during the second half of the year prompted companies, which had been holding on to underutilised resources in anticipation of a faster recovery in activity, to
[2010-01-01] the prospective increase in vat in january 2011 would affect measured cpi inflation for twelve months, and would probably keep inflation above the target for a period.
[2010-01-01] a few months earlier, it had appeared that those economies with poor fiscal positions might be able to wait until economic recovery was more firmly entrenched before undertaking significant fiscal con
[2010-01-01] the drop in commercial real estate loans persisted, reflecting weak fundamentals that limited originations as well as charge-offs of existing loans.
[2010-01-01] In these circumstances, the Committee believed that policy accommodation could be removed at a pace that would likely be measured but noted that it would respond to changes in economic prospects as ne
[2010-01-01] members also noted that the current price growth was somewhat at odds with the falls in housing loan approvals over recent months.
[2010-01-01] in the near term, inflation would remain elevated on account of the increase in the standard rate of vat to 20% in january 2011.
[2010-01-01] some members were of the view that the decline in housing investment had been coming to a halt, as evidenced by the fact that the number of housing starts had picked up, albeit remaining at a low leve
[2010-01-01] meanwhile, one member said that the recent slight slowdown in emerging economies could be viewed as a downside risk factor in the short run but lead to a more sustainable expansion of these economies
[2010-01-01] some members said that business fixed investment on a real gdp basis and shipments of capital goods continued to increase in the january-march quarter.
[2010-01-01] Several participants discussed the possible complications that additional purchases could cause for the eventual withdrawal of policy accommodation, a few mentioned the prospect of inflationary risks,
[2010-01-01] a few members expressed the opinion that the policy effects of boosting consumer spending had been decreasing, as evidenced by the decline in car sales.
[2010-01-01] pending this information, the board judged it appropriate to hold the cash rate unchanged.
[2010-01-01] On a 12-month basis, both overall inflation and core inflation, which excludes changes in food and energy prices, had remained near 2 percent.
[2010-01-01] a few members pointed to the recent bond issuance by firms that had previously deferred issuance in view of the instability in global financial markets stemming from the heightened sovereign risks in
[2010-01-01] many members commented that the bank needed to further exchange views with financial institutions based on the preliminary framework to be made public immediately after the meeting, and draw up concre
[2010-01-01] some participants saw the risks to inflation as tilted to the downside in the near term, reflecting the quite elevated level of economic slack and the possibility that inflation expectations could beg
[2010-01-01] Several participants commented that the factors that had contributed to low inflation during the previous expansion could again exert more downward pressure on inflation than expected.
[2010-01-01] Nonfarm payroll employment rose substantially further in October.
[2010-01-01] german growth in the second quarter had been 2.2% and, given the continued fall in unemployment, it was possible that some of the pickup in consumer spending growth might be sustained in the third qua
[2010-01-01] it was noted that credit conditions had eased further, although nonfinancial corporations continued to hold very high levels of cash.
[2010-01-01] some members said that production had recently been growing somewhat faster than expected on the back of steady growth in exports to asia.
[2010-01-01] jpmorgan’s global manufacturing purchasing managers’ index had risen further to 55.0 in december, compared with a low of 33.9 a year earlier.
[2010-01-01] nonetheless, available indicators of businesses’ expectations and those inferred from financial markets had remained stable.
[2010-01-01] Notwithstanding these developments, some participants cautioned that progress toward the Committee's inflation objective should not be overstated
[2010-01-01] although the pace was decelerating while the effects of fiscal stimulus measures were waning, exports were continuing to increase and business fixed investment was rising moderately.
[2010-01-01] the large fiscal consolidation required over the next several years was likely to lead to a serious economic contraction.
[2010-01-01] while the bank's liaison continued to suggest modest growth, there was a surprisingly large fall in the abs estimate of retail spending in october.
[2010-01-01] committee policy action in their discussion of monetary policy for the period ahead, members agreed that it would be appropriate to maintain the target range of 0 to 1/4 percent for the federal funds
[2010-01-27] Information received since the Federal Open Market Committee met in December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating. Hous
[2010-01-27] 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, January