yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2021-03-17] Following the discussion, the Chair noted the potential for downward pressure on money market rates and suggested that, should undue downward pressure on overnight rates emerge, it might be appropriat
[2021-03-17] Data for December and January showed a narrower nominal U.S. international trade deficit than in November. Both imports and exports continued to rebound from their collapse in the first half of last y
[2021-03-17] Participants agreed that overall financial conditions were accommodative. They noted that the Federal Reserve's asset purchases since last March had materially eased financial conditions and were prov
[2021-03-17] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy General Counsel Trevor A. Reeve, Econo
[2021-03-17] Corporate earnings continued to recover while the credit quality of nonfinancial corporations improved further. Corporate bond defaults declined in December and January and reached levels substantiall
[2021-03-17] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2021-03-17] Conditions in short-term funding markets remained stable over the intermeeting period. Spreads on commercial paper and negotiable certificates of deposit across different tenors were little changed an
[2021-03-17] Participants judged that the Committee's current guidance for the federal funds rate and asset purchases was serving the economy well. They noted that a benefit of the outcome-based guidance was that
[2021-03-17] Anthony Sarver,2 Senior Financial Institution Policy Analyst, Division of Monetary Affairs, Board of Governors
[2021-03-17] By unanimous vote, the Committee ratified the Desk's domestic transactions over the intermeeting period. No intervention operations occurred in foreign currencies for the System's account during the i
[2021-03-17] Shaghil Ahmed, Kartik B. Athreya, Brian M. Doyle, Rochelle M. Edge, Eric M. Engen, Sylvain Leduc, Anna Paulson, and William Wascher, Associate Economists
[2021-03-17] Joshua Gallin, Special Adviser to the Chair, Division of Board Members, Board of Governors
[2021-03-17] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2021-03-17] Action to Adopt Changes to the Committee's Rules Regarding Availability of Information By unanimous vote, the Committee approved a final rule that revises its Rules Regarding Availability of Informati
[2021-03-17] William G. O'Boyle,2 Policy and Markets Manager, Federal Reserve Bank of New York
[2021-03-17] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2021-03-17] While generally acknowledging that the medium-term outlook for real GDP growth and employment had improved, participants continued to see the uncertainty surrounding that outlook as elevated. Particip
[2021-03-17] Michael Koslow,2 Markets Officer, Federal Reserve Bank of New York
[2021-03-17] The staff continued to see the uncertainty surrounding the outlook as elevated. Moreover, the uncertain course of the pandemic, particularly the emergence of more-contagious strains of the coronavirus
[2021-03-17] Improved U.S. economic growth prospects and optimism about the eventual lifting of social-distancing and related restrictions globally were major drivers of asset prices abroad, spurring sizable incre
[2021-03-17] Stephanie E. Curcuru, Deputy Associate Director, Division of International Finance, Board of Governors; Christopher J. Gust, Deputy Associate Director, Division of Monetary Affairs, Board of Governors
[2021-03-17] The effective federal funds rate and the Secured Overnight Financing Rate averaged 7 basis points and 3 basis points, respectively, over the intermeeting period, decreasing somewhat relative to the pr
[2021-03-17] Brett Rose,2 Assistant Vice President, Federal Reserve Bank of New York
[2021-03-17] Elizabeth Klee, Senior Associate Director, Division of Financial Stability, Board of Governors; David E. Lebow and Michael G. Palumbo, Senior Associate Directors, Division of Research and Statistics,
[2021-03-17] Fernando M. Martin, Research Officer, Federal Reserve Bank of St. Louis
[2021-03-17] Minutes of the Federal Open Market Committee March 16-17, 2021 A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, March 16, 2021, a
[2021-03-17] All members agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent, and they expected that it would be appropriate to maintain this target range until labor market conditio
[2021-03-17] The Treasury yield curve steepened over the intermeeting period, with 5- and 10-year yields rising markedly. Measures of inflation compensation increased moderately, on net, continuing the trend obser
[2021-03-17] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Acc
[2021-03-17] Participants observed that labor market conditions had improved recently, as payroll employment registered strong gains in February and the unemployment rate fell to 6.2 percent. Even so, payroll empl
[2021-03-17] James Bullard, Esther L. George, Loretta J. Mester, and Eric Rosengren, Alternate Members of the Federal Open Market Committee
[2021-03-17] Staff Review of the Economic Situation The COVID‑19 pandemic and the measures undertaken to contain its spread continued to affect economic activity in the United States and abroad. The information av
[2021-03-17] Total PCE price inflation was 1.5 percent over the 12 months ending in January and continued to be held down by slack in resource utilization. Core PCE price inflation, which excludes changes in consu
[2021-03-17] Participants observed that headline PCE inflation continued to run below 2 percent. In the near term, the 12-month change in PCE prices was expected to move above 2 percent as the low inflation readin
[2021-03-17] Members agreed that the Federal Reserve was committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum-employment and price-stabilit
[2021-03-17] The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19
[2021-03-17] The expected path for the federal funds rate over the next few years, as implied by a straight read of overnight index swap quotes, rose substantially since the previous FOMC meeting and moved above 2
[2021-03-17] Mark A. Carlson, Senior Economic Project Manager, Division of Monetary Affairs, Board of Governors
[2021-03-17] Michele Cavallo, Sebastian Infante, and Ander Perez-Orive, Principal Economists, Division of Monetary Affairs, Board of Governors
[2021-03-17] Incoming data on inflation were a little above what the staff had expected. The 12‑month changes in total and core PCE prices were expected to transitorily move above 2 percent in coming months, as th
[2021-03-17] Recent data pointed to a slowdown in economic activity across foreign economies around the turn of the year, as tight social-distancing restrictions were imposed to rein in a new wave of COVID-19 infe
[2021-03-17] In addition to changes to the ON RRP parameters, the deputy manager also noted that the Federal Reserve could consider adjusting its administered rates if undue downward pressure on overnight rates em
[2021-03-17] Participants discussed market- and survey-based measures of longer-term inflation expectations and their implications for the inflation outlook. Market-based measures of inflation compensation at the
[2021-03-17] Ellen J. Bromagen, First Vice President, Federal Reserve Bank of Chicago
[2021-03-17] For commercial real estate (CRE) financed through capital markets, financing conditions remained accommodative over the intermeeting period. Agency CMBS spreads narrowed further with strong issuance i
[2021-03-17] In their discussion following the Desk briefings, participants noted that the ON RRP facility had been very effective in establishing a firm floor for the federal funds rate and supporting monetary po
[2021-03-17] Participants observed that the pace of the economic recovery had picked up recently and that the economy continued to show resilience in the face of the pandemic. They noted encouraging developments r
[2021-03-17] Michael Dotsey, Executive Vice President, Federal Reserve Bank of Philadelphia
[2021-03-17] Staff Economic Outlook The U.S. economic projection prepared by the staff for the March FOMC meeting was considerably stronger than the January forecast. Real GDP growth appeared to be picking up at t
[2021-03-17] With regard to the postmeeting statement, in light of the notably positive tone of recent data, members judged that it was appropriate to incorporate that development in the description of the economi
[2021-03-17] Jon Faust, Senior Special Adviser to the Chair, Division of Board Members, Board of Governors
[2021-03-17] Financing conditions in the residential mortgage market tightened somewhat over the intermeeting period but remained accommodative for stronger borrowers. Mortgage rates for most borrowers increased b
[2021-03-17] In their consideration of the stance of monetary policy, participants reaffirmed the Federal Reserve's commitment to using its full range of tools to support the U.S. economy during this challenging t
[2021-03-17] Jennifer Gallagher, Special Assistant to the Board, Division of Board Members, Board of Governors
[2021-03-17] In light of the potential for expanded use of the ON RRP facility, the staff had conducted a review to ensure that the terms of the facility and its counterparty base were well positioned to continue
[2021-03-17] Anne Baum, Edward S. Knotek II, Giovanni Olivei, Paula Tkac, and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of New York, Cleveland, Boston, Atlanta, and Minneapolis, respectively
[2021-03-17] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to
[2021-03-17] "Effective March 18, 2021, the Federal Open Market Committee directs the Desk to:
[2021-03-17] Financing conditions for nonfinancial businesses in capital markets remained broadly accommodative over the intermeeting period, supported by low interest rates and high equity valuations. Gross and n
[2021-03-17] Total nonfarm payroll employment increased solidly over January and February after softening at the end of last year. As of February, payroll employment had retraced somewhat more than half of the los
[2021-03-17] The deputy manager discussed the evolution of the Federal Reserve's balance sheet and related developments in money markets. Reserve balances rose more than $400 billion, on net, over the intermeeting
[2021-03-17] 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
[2021-03-17] Business investment in equipment and intangibles was continuing to increase in the first quarter after rising appreciably in the fourth quarter of last year. Nominal shipments of nondefense capital go
[2021-03-17] PRESENT: Jerome H. Powell, Chair John C. Williams, Vice Chair Thomas I. Barkin Raphael W. Bostic Michelle W. Bowman Lael Brainard Richard H. Clarida Mary C. Daly Charles L. Evans Randal K. Quarles Chr
[2021-03-17] Rates implied by interest rate futures maturing over the next several years rose notably over the intermeeting period, reportedly reflecting a reassessment by market participants of the expected path
[2021-03-17] Anthony Murphy, Senior Economic Policy Advisor, Federal Reserve Bank of Dallas
[2021-03-17] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, April 27–28, 2021. The meeting adjourned at 10:20 a.m. on March 17, 2021.
[2021-03-17] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2021-03-17] Total real government purchases appeared to be rising in the first quarter after edging down in the fourth quarter. Al­though data through February indicated that defense spending was moving down, a l
[2021-03-17] Industrial production continued to rise solidly in January but then fell markedly in February, largely reflecting declines in manufacturing and mining sector output caused by severe winter weather in
[2021-03-17] Most participants noted that they viewed the risks to the outlook for inflation as broadly balanced. Several remarked that supply disruptions and strong demand could push up price inflation more than
[2021-03-17] Kathryn B. Chen2 and Jonathan P. McCarthy, Vice Presidents, Federal Reserve Bank of New York
[2021-03-17] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, participants submitted their projections of the most likely outcomes for real GDP growth, the
[2021-03-17] Don H. Kim and Ellen E. Meade, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2021-03-17] In their discussion of current conditions, participants noted that the COVID-19 pandemic was causing tremendous human and economic hardship across the United States and around the world. Following a m
[2021-03-17] Participants noted that overall financial conditions remained highly accommodative, in part reflecting the stance of monetary policy. Participants commented on the notable rise in longer-term Treasury
[2021-03-17] Participants observed that the economic downturn had not fallen equally on all Americans and that lower-income and Black and Hispanic households had been disproportionately affected by the pandemic. A
[2021-03-17] William F. Bassett, Antulio N. Bomfim, Wendy E. Dunn, Burcu Duygan-Bump, Jane E. Ihrig, Kurt F. Lewis, and Chiara Scotti, Special Advisers to the Board, Division of Board Members, Board of Governors
[2021-03-17] Consumer spending appeared to be increasing in the first quarter at a pace considerably faster, on balance, than in the fourth quarter of last year. Real PCE expanded strongly in January after declini
[2021-03-17] ï»¿ The Fed - Monetary Policy: Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs to an official government
[2021-03-17] Construction of single-family homes and home sales remained well above their pre-pandemic levels. However, the incoming data for this sector were mixed. Starts of single-family homes moved down notabl
[2021-03-17] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Raphael W. Bostic; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Mary C. Da
[2021-03-17] With respect to the business sector, participants observed that business equipment investment had continued to increase and that readings on new orders and shipments of capital goods remained strong.
[2021-03-17] Notation Vote By notation vote completed on February 16, 2021, the Committee unanimously approved the minutes of the Committee meeting held on January 26–27, 2021.
[2021-03-17] Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2021-03-17] Developments in Financial Markets and Open Market Operations The manager turned first to a discussion of financial market developments. In the United States, the trend toward higher longer-term yields
[2021-03-17] Brent Bundick, Research and Policy Advisor, Federal Reserve Bank of Kansas City
[2021-03-17] Alongside the rise in U.S. yields, broad U.S. equity price indexes increased moderately, with the largest gains in cyclically sensitive sectors. The rise in U.S. yields was also accompanied by increas
[2021-03-17] Randall A. Williams, Lead Information Manager, Division of Monetary Affairs, Board of Governors
[2021-03-17] Members agreed that, in assessing the appropriate stance of monetary policy, they would continue to monitor the implications of incoming information for the economic outlook and that they would be pre
[2021-03-17] A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, March 16, 2021, at 11:00 a.m. and continued on Wednesday, March 17, 2021, at 9:0
[2021-03-17] Financing conditions in consumer credit markets remained generally accommodative for borrowers with strong credit scores but were still tight for those with nonprime scores. Auto loan balances continu
[2021-03-17] Average hourly earnings for all employees rose 5.3 percent over the 12 months ending in February, and labor compensation per hour in the business sector increased 6.6 percent over the four quarters of
[2021-03-17] Glenn Follette, Associate Director, Division of Research and Statistics, Board of Governors; David López-Salido, Associate Director, Division of Monetary Affairs, Board of Governors
[2021-03-17] The path of the economy will depend significantly on the course of the virus, including progress on vaccinations. The ongoing public health crisis continues to weigh on economic activity, employment,
[2021-04-07] Minutes of the Federal Open Market Committee March 16-17, 2021: HTML | PDF
[2021-04-07] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2021-04-07] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 16–17, 2021.
[2021-04-07] 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
[2021-04-13] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 8 through March 17, 2021.
[2021-04-28] Fatih Karahan and Jenny Tang, Senior Economists, Federal Reserve Banks of New York and Boston, respectively
[2021-04-28] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2021-04-28] Ricardo Correa2 and Stephanie E. Curcuru,2 Deputy Associate Director, Division of International Finance, Board of Governors; Eric C. Engstrom, Deputy Associate Director, Division of Monetary Affairs,
[2021-04-28] "Effective April 29, 2021, the Federal Open Market Committee directs the Desk to:
[2021-04-28] In their discussion of the Federal Reserve's asset purchases, various participants noted that it would likely be some time until the economy had made substantial further progress toward the Committee'
[2021-04-28] Participants noted that it would be important to carefully consider key design elements of a potential standing repo facility, including the pricing structure, counterparties, and range of collateral
[2021-04-28] Mark Choi2 and Ellen Correia-Golay,2 Markets Officers, Federal Reserve Banks of New York and New York, respectively
[2021-04-28] With respect to the business sector, participants noted that business equipment investment continued to rise at a robust pace and manufacturing activity was expanding at a strong clip. That said, many
[2021-04-28] Randall A. Williams, Lead Information Manager, Division of Monetary Affairs, Board of Governors
[2021-04-28] Available indicators suggested that equipment and intangibles investment had increased in the first quarter of 2021, though at a slower pace than that seen in the fourth quarter of 2020. Likewise, dri
[2021-04-28] William F. Bassett, Antulio N. Bomfim, Wendy E. Dunn, Burcu Duygan-Bump, Jane E. Ihrig, Kurt F. Lewis, and Chiara Scotti, Special Advisers to the Board, Division of Board Members, Board of Governors
[2021-04-28] The path of the economy will depend significantly on the course of the virus, including progress on vaccinations. The ongoing public health crisis continues to weigh on the economy, and risks to the e
[2021-04-28] ï»¿ The Fed - Monetary Policy: Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs to an official government
[2021-04-28] James Bullard, Esther L. George, Naureen Hassan, Loretta J. Mester, and Eric Rosengren, Alternate Members of the Federal Open Market Committee
[2021-04-28] Domestic short-term funding markets remained stable. Funding rates stayed very low against the backdrop of continued paydowns in Treasury bills and substantial increases in reserve balances stemming f
[2021-04-28] Joshua Gallin, Special Adviser to the Chair, Division of Board Members, Board of Governors
[2021-04-28] Anthony Sarver,2 Senior Financial Institution Policy Analyst, Division of Monetary Affairs, Board of Governors
[2021-04-28] Members agreed that the Federal Reserve was committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum-employment and price-stabilit
[2021-04-28] The effective federal funds rate and the SOFR were little changed, averaging 7 basis points and 1 basis point, respectively, over the intermeeting period. There continued to be no participation in the
[2021-04-28] Minutes of the Federal Open Market Committee April 27â28, 2021 A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, April 27, 2021,
[2021-04-28] David Altig, Kartik B. Athreya, Brian M. Doyle, Rochelle M. Edge, Eric M. Engen, Anna Paulson, and William Wascher, Associate Economists
[2021-04-28] Regarding expectations for the policy outlook, the market- and survey-implied paths of the federal funds rate were both relatively little changed over the intermeeting period, and the modal survey pat
[2021-04-28] Participants observed that economic activity had picked up sharply this year, with robust gains in consumer spending, housing-sector activity, business equipment investment, and manufacturing producti
[2021-04-28] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2021-04-28] Michael Dotsey, Joseph W. Gruber, and Ellis W. Tallman, Executive Vice Presidents, Federal Reserve Banks of Philadelphia, Kansas City, and Cleveland, respectively
[2021-04-28] Data for February showed a wider nominal U.S. international trade deficit than in January. Both imports and exports fell from their January levels, the first nominal decline in each since last May. Go
[2021-04-28] Discussion of Repurchase Agreement Arrangements The staff briefed participants on the Federal Reserve's experience with the daily repo operations with primary dealers that have been in place since Sep
[2021-04-28] Brian J. Bonis, Michiel De Pooter,2 Giovanni Favara, Laura Lipscomb,2 and Zeynep Senyuz, Assistant Directors, Division of Monetary Affairs, Board of Governors; Byron Lutz and Matthias Paustian, Assist
[2021-04-28] Mark A. Carlson,2 Senior Economic Project Manager, Division of Monetary Affairs, Board of Governors
[2021-04-28] Participants' Views on Current Conditions and the Economic Outlook In their discussion of current conditions, participants noted that the COVID-19 pandemic was causing tremendous human and economic ha
[2021-04-28] In their discussion of considerations related to the establishment of a permanent FIMA repo facility, a vast majority of participants saw the potential benefits as outweighing the costs. Participants
[2021-04-28] Notation Vote By notation vote completed on April 6, 2021, the Committee unanimously approved the minutes of the Committee meeting held on March 16–17, 2021.