yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2017-11-01] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets since the September
[2017-11-01] The deputy manager followed with a briefing on money market developments and open market operations. Over the intermeeting period, federal funds continued to trade near the center of the FOMC's target
[2017-11-01] 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
[2017-11-01] Participants discussed wage developments in light of the continued strengthening in labor market conditions. A few participants interpreted recent data on aggregate wage and labor compensation as indi
[2017-11-01] 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
[2017-11-01] Staff Economic Outlook The U.S. economic projection prepared by the staff for this FOMC meeting was broadly similar to the previous forecast. Real GDP was expected to rise at a solid pace in the fourt
[2017-11-22] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2017-11-22] Minutes of the Federal Open Market Committee October 31-November 1, 2017: HTML | PDF
[2017-11-22] 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
[2017-11-22] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 31-November 1, 2017.
[2017-11-28] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from October 10 through November 1, 2017.
[2017-12-13] District contacts were optimistic, and their reports were generally consistent with continued steady growth in business spending. Reports from District contacts about both the manufacturing and servic
[2017-12-13] "Effective December 14, 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 1-1/4 to 1-1/2
[2017-12-13] Raphael W. Bostic, Loretta J. Mester, Mark L. Mullinix, Michael Strine, and John C. Williams, Alternate Members of the Federal Open Market Committee
[2017-12-13] Members acknowledged that hurricane-related disruptions and rebuilding had affected economic activity, employment, and inflation in recent months but had not materially altered the outlook for the nat
[2017-12-13] Participants expected moderate growth in consumer spending in the near term, underpinned by ongoing strength in the labor market, further improvements in households' net worth, and buoyant consumer se
[2017-12-13] In their discussion of economic conditions and the outlook, meeting participants agreed that information received since the FOMC met in November indicated that economic activity had been rising at a s
[2017-12-13] 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 December that exceeds $6
[2017-12-13] Minutes of the Federal Open Market Committee December 12-13, 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 t
[2017-12-13] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2017-12-13] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Hurricane-related disruptions and rebuilding have affected economic activity, employment, a
[2017-12-13] In Mr. Evans's view, with inflation continuing to run substantially below 2 percent and measures of inflation expectations lower than he believed to be consistent with a symmetric 2 percent inflation
[2017-12-13] 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 1-1/4 to 1‑1/2 percent. The stance of monetary pol
[2017-12-13] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, nearly all members agreed to raise the target range for the federal funds rate to 1-1/4 to 1-
[2017-12-13] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell Randal K. Quarles
[2017-12-13] By unanimous vote, the Committee ratified the Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's account during the
[2017-12-13] Real PCE increased modestly in October after expanding strongly in September. The pace of light motor vehicle sales slowed in November from the elevated rate in the preceding two months but continued
[2017-12-13] Staff Review of the Financial Situation Movements in domestic financial asset prices over the intermeeting period reflected slightly stronger-than-expected economic data releases, announcements relate
[2017-12-13] Joseph W. Gruber, David Reifschneider, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2017-12-13] Real private expenditures for business equipment and intellectual property appeared to be rising further in the fourth quarter. Nominal shipments of nondefense capital goods excluding aircraft increas
[2017-12-13] 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
[2017-12-13] In the residential mortgage market, al­though credit standards had loosened gradually for borrowers with low credit scores, they continued to be tight for borrowers with low credit scores and hard-to-
[2017-12-13] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in November indicated that the labor market had co
[2017-12-13] "Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Av
[2017-12-13] Due to the persistent shortfall of inflation from the Committee's 2 percent objective, or the risk that monetary policy could again become constrained by the zero lower bound, a few participants sugge
[2017-12-13] Based on their current assessments, almost all participants expressed the view that it would be appropriate for the Committee to raise the target range for the federal funds rate 25 basis points at th
[2017-12-13] 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, Decembe
[2017-12-13] Notation Vote By notation vote completed on November 21, 2017, the Committee unanimously approved the minutes of the Committee meeting held on October 31-November 1, 2017.
[2017-12-13] Staff Economic Outlook The U.S. economic projection prepared by the staff for the December FOMC meeting was generally comparable with the staff's previous forecast. Real GDP was forecast to have incre
[2017-12-13] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2017-12-13] Total nonfarm payroll employment increased strongly in October and November, likely reflecting in part a rebound from the negative effects of the hurricanes in September. The national unemployment rat
[2017-12-13] 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
[2017-12-13] Voting for the FOMC monetary policy action were Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Patrick Harker; Robert S. Kaplan; Jerome H. Powell; and Randal K. Quarles. Voti
[2017-12-13] Shaghil Ahmed, Associate Director, Division of International Finance, Board of Governors; Elizabeth Kiser, John J. Stevens, and Stacey Tevlin, Associate Directors, Division of Research and Statistics,
[2017-12-13] Conditions in short-term funding markets remained stable over the intermeeting period. The effective federal funds rate held steady, and rates and volumes in other overnight markets were little change
[2017-12-13] The nominal Treasury yield curve flattened over the intermeeting period, as short-dated Treasury yields rose and the 10-year Treasury yield moved up only slightly. Market participants pointed to the N
[2017-12-13] In Mr. Kashkari's view, while employment growth remained strong, wage growth had not picked up and inflation remained notably below the Committee's 2 percent target. In addition, the yield curve had f
[2017-12-13] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2017-12-13] On balance, the broad index of the foreign exchange value of the dollar was little changed, longer-term sovereign bond yields in AFEs declined modestly, and most foreign equity indexes moved lower ove
[2017-12-13] Economic activity expanded at a solid pace in most foreign economies in the third quarter. In several advanced foreign economies (AFEs), economic growth slowed but remained firm. Economic activity in
[2017-12-13] 5. In taking this action, the Board approved requests submitted by the boards of directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Kansas City, Da
[2017-12-13] 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
[2017-12-13] The nominal U.S. international trade deficit widened slightly in September and sharply in October. Exports picked up in September, led by exports of industrial supplies, but were flat in October. Impo
[2017-12-13] The deputy manager discussed open market operations over the period. Take-up at the System's overnight reverse repurchase (ON RRP) agreement facility dropped to relatively low levels over the period.
[2017-12-13] Messrs. Evans and Kashkari dissented because they preferred to maintain the existing target range for the federal funds rate at this meeting.
[2017-12-13] Jennifer Burns, Deputy Director, Division of Supervision and Regulation, Board of Governors; Rochelle M. Edge and Stephen A. Meyer, Deputy Directors, Division of Monetary Affairs, Board of Governors;
[2017-12-13] In commercial real estate (CRE) markets, spreads of commercial mortgage-backed securities (CMBS) yields over comparable-maturity Treasury yields remained near the lower end of the range seen since the
[2017-12-13] Labor market conditions continued to strengthen in recent months, with the unemployment rate declining further and payroll gains well above a pace consistent with maintaining a stable unemployment rat
[2017-12-13] Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Ave
[2017-12-13] In their discussion of monetary policy, participants saw the outlook for economic activity and the labor market as having remained strong or having strengthened since their previous meeting, in part r
[2017-12-13] Financing conditions for large nonfinancial corporations continued to be accommodative on balance. Gross issuance of corporate bonds and gross equity issuance remained robust. Institutional leveraged
[2017-12-13] 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.
[2017-12-13] 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
[2017-12-13] PCE price inflation over the 12 months ending in October, at 1.6 percent, continued to run below the Committee's longer-run objective of 2 percent; core PCE price inflation for items other than consum
[2017-12-13] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2017-12-13] 4. The incoming president of the Federal Reserve Bank of Richmond is scheduled to assume office on January 1, 2018; First Vice President Mark L. Mullinix submitted economic projections for this meetin
[2017-12-13] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, January 30-31, 2018. The meeting adjourned at 10:15 a.m. on December 13, 2017.
[2017-12-13] Total U.S. consumer prices, as measured by the PCE price index, increased slightly more than 1-1/2 percent over the 12 months ending in October. Core PCE price inflation, which excludes changes in con
[2017-12-13] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, Patrick Harker, Robert S. Kaplan, Jerome H. Powell, and Randal K. Quarles.
[2017-12-13] Randall A. Williams, Senior Information Manager, Division of Monetary Affairs, Board of Governors
[2017-12-13] 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
[2017-12-13] Eric C. Engstrom, Adviser, Division of Monetary Affairs, and Adviser, Division of Research and Statistics, Board of Governors
[2017-12-13] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2017-12-13] Cynthia L. Doniger, Senior Economist, Division of Monetary Affairs, Board of Governors
[2017-12-13] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in domestic and international financial markets over the inte
[2017-12-13] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2017-12-13] Staff Review of the Economic Situation The information reviewed for the December 12-13 meeting indicated that labor market conditions continued to strengthen through November and suggested that real g
[2017-12-13] Total industrial production increased briskly in October, boosted in part by a continued return to more-normal operations that reflected the waning of the negative effects of recent hurricanes in the
[2017-12-13] Antulio N. Bomfim, Edward Nelson, Ellen E. Meade, and Robert J. Tetlow, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2017-12-13] The staff's forecast for total PCE price inflation was revised up a little for 2017, as somewhat higher forecasts for core PCE prices and for consumer energy prices were offset only partially by a low
[2017-12-13] Benjamin Malin, Senior Research Economist, Federal Reserve Bank of Minneapolis
[2017-12-13] David Altig, Kartik B. Athreya, Mary Daly, Beverly Hirtle, Geoffrey Tootell, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, San Francisco, New York,
[2017-12-13] 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
[2017-12-13] Thomas A. Connors, Michael Dotsey, Eric M. Engen, Evan F. Koenig, Daniel G. Sullivan, William Wascher, and Beth Anne Wilson, Associate Economists
[2017-12-13] Total real government purchases looked to be rising in the fourth quarter. Nominal defense expenditures in October and November pointed to a flattening in real federal government purchases. However, r
[2017-12-13] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2017-12-13] 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
[2017-12-13] Real economic activity appeared to be growing at a solid pace, buttressed by gains in consumer and business spending, supportive financial conditions, and an improving global economy. Participants jud
[2017-12-13] Recent information on housing activity suggested that real residential investment spending was edging up in the fourth quarter after declining in the previous two quarters. Both starts and building pe
[2017-12-13] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2017-12-13] Kelly J. Dubbert, First Vice President, Federal Reserve Bank of Kansas City
[2017-12-13] Federal Reserve communications and economic data releases over the intermeeting period were characterized by market participants as reinforcing perceptions of a likely increase in the target range for
[2017-12-13] Todd E. Clark and Marc Giannoni, Senior Vice Presidents, Federal Reserve Banks of Cleveland and Dallas, respectively
[2017-12-13] Meeting participants also discussed the recent narrowing of the gap between the yields on long- and short-maturity nominal Treasury securities, which had resulted in a flatter profile of the term stru
[2017-12-13] 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
[2017-12-13] Jonathan L. Willis, Vice President, Federal Reserve Bank of Kansas City
[2017-12-13] Against the backdrop of the continued strengthening in labor market conditions, participants discussed recent wage developments. Overall, the pace of wage increases had generally been modest and in li
[2017-12-13] Regarding the determination of the appropriate timing and size of future adjustments to the target range for the federal funds rate, participants reaffirmed the need to continue to assess realized and
[2017-12-13] Broad equity price indexes rose over the intermeeting period, likely reflecting in part investors' perceptions of increased odds for the passage of federal tax legislation and an associated potential
[2017-12-13] Norman J. Morin and Shane M. Sherlund, Assistant Directors, Division of Research and Statistics, Board of Governors
[2017-12-13] With regard to financial markets, some participants observed that financial conditions remained accommodative, citing a range of indicators including low interest rates, narrow credit spreads, high eq
[2017-12-13] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2017-12-13] Many participants judged that the proposed changes in business taxes, if enacted, would likely provide a modest boost to capital spending, al­though the magnitude of the effects was uncertain. The res
[2017-12-14] The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of Chicago, St. Louis, and Minneapolis, increasing the discount rate (the primary cre
[2018-01-01] on the price front, the year-on-year rate of change in the consumer price index (cpi, all items less fresh food) is around 1 percent.
[2018-01-01] It is true that changes in longer-term interest rates in the United States—but also in other advanced economies—does have some effect on emerging markets, particularly those who are trying to peg thei
[2018-01-01] these members agreed that the projected rates of increase in the cpi presented in the october 2018 outlook report were somewhat lower, mainly for fiscal 2018, than those in the july outlook report.
[2018-01-01] most advanced economies were growing at above-trend rates and their labour markets had continued to tighten.
[2018-01-01] As always, each participant’s projections are conditioned on his or her own view of appropriate monetary policy.
[2018-01-01] members noted that translating the data from the capital expenditure survey into national accounts estimates of business investment was challenging because firms tended to increase their expectations
[2018-01-01] surveys pointed to steady and broad-based global growth momentum at the start of 2018.
[2018-01-01] at the same time, it was considered necessary to retain sufficient flexibility and optionality for monetary policy in the period ahead, and the importance of data-dependency in determining the ecb’s p
[2018-01-01] household sight deposit rates were likely to increase in coming months, although the committee’s expectation was that pass-through would be only partial, as deposit rates had been unusually high relat
[2018-01-01] there had been few surprises in recent economic data and the february inflation report projections, conditioned on a gently rising path of bank rate, had appeared broadly on track.
[2018-01-01] As I mentioned, monetary policy operates with lags, so, the policies we have in place, we think, will gradually—only gradually—move inflation back to 2 percent.
[2018-01-01] these members then commented that this situation partly enabled firms to absorb cost increases and take a cautious price-setting stance.
[2018-01-01] Inflation pressures remain muted, and indicators of longer-term inflation expectations are at the lower end of their historic ranges.
[2018-01-01] this was seen to be consistent with the governing council’s data-driven approach to monetary policy and fully in line with the decisions taken at the governing council’s june monetary policy meeting.
[2018-01-01] given all of these factors, governing council agrees that the policy interest rate will need to rise to a neutral stance to achieve the inflation target.
[2018-01-01] participants remarked on the extent to which financial conditions remained supportive of economic expansion.
[2018-01-01] meanwhile, a different member expressed the recognition that, while consumption of durable goods and services had been increasing, albeit with fluctuations, that of non-durable goods including food, b
[2018-01-01] Auctions of GSE debt following the conservatorship announcement reportedly attracted heavy demand, but market participants indicated that liquidity in the secondary market for GSE debt remained somewh
[2018-01-01] overall, members considered that the risks surrounding the euro area growth outlook could still be assessed as broadly balanced, notwithstanding the uncertainties related to global factors, notably th
[2018-01-01] as background to this, these members noted the following two points: (1) firms' stance was likely to gradually shift toward raising wages and prices with the steady improvement in the output gap, and
[2018-01-01] one of these members expressed the view that, although there did not seem to be any problem with the financial system and the functioning of financial intermediation by financial institutions at this
[2018-01-01] growth in advanced economies is projected to be stronger than in the bank’s october monetary policy report (mpr).
[2018-01-01] based on the above discussion, most members shared the view that the year-on-year rate of change in the cpi was likely to increase gradually toward 2 percent as firms' stance gradually would shift tow
[2018-01-01] As always, our actions are guided by our congressional mandate to promote maximum employment and price stability.
[2018-01-01] in exchanging views about recent wage developments, members noted that there had been a pick-up in wage growth.
[2018-01-01] they also noted that the sharp increase in equity market volatility early in february had been mostly reversed, and volatility in financial markets generally remained at or a little below longer-run a