yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2017-06-14] Recent readings on headline and core PCE price inflation had come in lower than participants had expected. On a 12-month basis, headline PCE price inflation was running somewhat below the Committee's
[2017-06-14] Giovanni Favara and Rebecca Zarutskie, Section Chiefs, Division of Monetary Affairs, Board of Governors
[2017-06-14] Minutes of the Federal Open Market Committee June 13-14, 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 the F
[2017-06-14] 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 over the period sin
[2017-06-14] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell
[2017-06-14] Christopher J. Gust, Assistant Director, Division of Monetary Affairs, Board of Governors; Norman J. Morin and Karen M. Pence, Assistant Directors, Division of Research and Statistics, Board of Govern
[2017-06-14] 2. Attended through the discussion of System Open Market Account reinvestment policy. Return to text
[2017-06-14] Staff Economic Outlook In the U.S. economic projection prepared by the staff for the June FOMC meeting, real GDP growth was forecast to step up to a solid pace in the second quarter following its weak
[2017-06-14] Growth in consumer spending appeared to be rebounding after slowing in the first quarter of this year. Participants generally continued to expect that ongoing job gains, rising household income and we
[2017-06-14] Over the period since the May FOMC meeting, foreign financial markets were influenced by incoming economic data and by political developments both abroad and in the United States. Most AFE and EME equ
[2017-06-14] Marie Gooding, First Vice President, Federal Reserve Bank of Atlanta
[2017-06-14] 4. Four members of the Board of Governors, one fewer than in March 2017, were in office at the time of the June 2017 meeting and submitted economic projections. The office of the president of the Fede
[2017-06-14] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect that, with gradual adjustments in the stance of monetary
[2017-06-14] 5. One participant did not submit longer-run projections for real output growth, the unemployment rate, or the federal funds rate. Return to text
[2017-06-14] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2017-06-14] Growth in auto loans remained solid through the first quarter. Overall delinquency rates on auto loans continued to be relatively low, but the delinquency rate among subprime borrowers remained elevat
[2017-06-14] Labor market conditions continued to strengthen in recent months. The unemployment rate fell from 4.5 percent in March to 4.3 percent in May and was below levels that participants judged likely to be
[2017-06-14] Don Kim, Adviser, Division of Monetary Affairs, Board of Governors
[2017-06-14] Members agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee would assess realized and expected economic conditions relat
[2017-06-14] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Michael Held, Deputy Gen
[2017-06-14] 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 to 1-1/4 percent. The stance of monetary policy
[2017-06-14] The staff's forecast for consumer price inflation, as measured by the change in the PCE price index, was revised down slightly for 2017 because of the weaker-than-expected incoming data for inflation.
[2017-06-14] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2017-06-14] Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors; Stephen A. Meyer, Deputy Director, Division of Monetary Affairs, Board of Governors
[2017-06-14] Roc Armenter and Kathryn B. Chen,3 Vice Presidents, Federal Reserve Banks of Philadelphia and New York, respectively
[2017-06-14] Broad U.S. equity price indexes increased. One-month-ahead option-implied volatility on the S&P 500 index--the VIX--was little changed, on net, and remained near the lower end of its historical range.
[2017-06-14] Min Wei, Deputy Associate Director, Division of Monetary Affairs, Board of Governors
[2017-06-14] Stephen Lin, Principal Economist, Division of International Finance, Board of Governors; Lubomir Petrasek, Principal Economist, Division of Monetary Affairs, Board of Governors
[2017-06-14] Selection of Committee Officer By unanimous vote, the Committee selected Mark L.J. Wright to serve as Associate Economist, effective June 13, 2017, until the selection of his successor at the first re
[2017-06-14] Staff Review of the Economic Situation The information reviewed for the June 13-14 meeting showed that labor market conditions continued to strengthen in recent months and suggested that real gross do
[2017-06-14] Inflation on a 12-month basis had declined recently and was running somewhat below 2 percent. The measure of inflation excluding food and energy prices was likewise running somewhat below 2 percent. M
[2017-06-14] Andrew T. Foerster, Senior Economist, Federal Reserve Bank of Kansas City
[2017-06-14] With respect to the economic outlook and its implications for monetary policy, members continued to expect that, with gradual adjustments in the stance of monetary policy, economic activity would expa
[2017-06-14] "Effective June 15, 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 to 1-1/4 percent
[2017-06-14] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2017-06-14] Penelope A. Beattie, Assistant to the Secretary, Office of the Secretary, Board of Governors
[2017-06-14] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2017-06-14] 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
[2017-06-14] Several participants indicated that the reduction in policy accommodation arising from the commencement of balance sheet normalization was one basis for believing that, if economic conditions evolved
[2017-06-14] The probability of an increase in the target range for the federal funds rate occurring at the June meeting, as implied by quotes on federal funds futures contracts, rose to a high level. However, the
[2017-06-14] Conditions in short-term funding markets were stable over the intermeeting period. Yields on a broad set of money market instruments remained in the ranges observed since the FOMC increased the target
[2017-06-14] 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
[2017-06-14] The deputy manager reviewed survey results on market expectations for SOMA reinvestment policy and for the evolution of the System's balance sheet over coming years. The deputy manager also commented
[2017-06-14] 6. In taking this action, the Board approved requests submitted by the boards of directors of the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, Kansas City, Dal
[2017-06-14] Rochelle M. Edge, Associate Director, Division of Financial Stability, Board of Governors; Jane E. Ihrig, Associate Director, Division of Monetary Affairs, Board of Governors; Stacey Tevlin, Associate
[2017-06-14] Kimberly Bayard, Group Manager, Division of Research and Statistics, Board of Governors
[2017-06-14] Mr. Kashkari dissented because he preferred to maintain the existing target range for the federal funds rate at this meeting. In his view, recent data, while suggesting that the labor market had impro
[2017-06-14] In their discussion of recent developments in financial markets, participants observed that, over the intermeeting period, equity prices rose, longer-term interest rates declined, and volatility in fi
[2017-06-14] Overall, participants continued to see the near-term risks to the economic outlook as roughly balanced. Participants again noted the uncertainty regarding the possible enactment, timing, and nature of
[2017-06-14] The economic expansions in Canada and the euro area as well as in China and many other emerging market economies (EMEs) continued to firm in the first quarter. In contrast, economic growth in the Unit
[2017-06-14] 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
[2017-06-14] Commercial real estate (CRE) loans on banks' books grew robustly in April and May, with nonfarm nonresidential loans leading the expansion. However, recent CRE loan growth was a bit slower than that d
[2017-06-14] System Open Market Account Reinvestment Policy The Chair observed that, starting with the March 2017 FOMC meeting, Committee participants had been discussing approaches to reducing the Federal Reserve
[2017-06-14] Several participants endorsed a policy approach, such as that embedded in many participants' projections, in which the unemployment rate would undershoot their current estimates of the longer-term nor
[2017-06-14] The nominal U.S. international trade deficit widened slightly in March, with a small decline in exports and a small increase in imports. The March data, together with revised estimates for earlier mon
[2017-06-14] Participants noted that, with the process of normalization of the level of the federal funds rate continuing, it would likely become appropriate this year for the Committee to announce and implement a
[2017-06-14] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors
[2017-06-14] Notation Vote By notation vote completed on May 23, 2017, the Committee unanimously approved the minutes of the Committee meeting held on May 2-3, 2017.
[2017-06-14] 1. The Committee's Policy Normalization Principles and Plans were adopted on September 16, 2014, and are available at www.federalreserve.gov/monetarypolicy/files/FOMC_PolicyNormalization.pdf. On March
[2017-06-14] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, July 25-26, 2017. The meeting adjourned at 10:35 a.m. on June 14, 2017.
[2017-06-14] David Bowman, Joseph W. Gruber, David Reifschneider, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2017-06-14] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2017-06-14] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2017-06-15] The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of New York, St. Louis, and Minneapolis, increasing the discount rate (the primary cr
[2017-06-29] The Federal Reserve Board will publish the July 2017 Monetary Policy Report to the Congress at 11 a.m. EDT on July 7, in order to allow members of Congress and the public time to review the report in
[2017-07-05] 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
[2017-07-05] Minutes of the Federal Open Market Committee June 13-14, 2017: HTML | PDF
[2017-07-05] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 13-14, 2017. A summary of economic projections made by
[2017-07-05] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2017-07-11] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from June 5 and June 14, 2017.
[2017-07-26] Several participants noted that the further increases in equity prices, together with continued low longer-term interest rates, had led to an easing of financial conditions. However, different assessm
[2017-07-26] Ann E. Misback,2 Secretary, Office of the Secretary, Board of Governors
[2017-07-26] Participants agreed that the regulatory and supervisory tools developed since the financial crisis had played an important role in fostering financial stability. Changes in regulation had likely helpe
[2017-07-26] Residential investment seemed to have declined in the second quarter. Starts of both new single-family homes and multifamily units rose in June but still decreased for the second quarter as a whole. T
[2017-07-26] Financing for large nonfinancial firms remained readily available, al­though debt issuance moderated. Gross issuance of corporate bonds stepped down in June from a strong pace in May, while issuance o
[2017-07-26] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2017-07-26] Participants also considered equity valuations in their discussion of financial stability. A couple of participants noted that favorable macroeconomic factors provided backing for current equity valua
[2017-07-26] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, September 19-20, 2017. The meeting adjourned at 10:00 a.m. on July 26, 2017.
[2017-07-26] The staff's forecast for consumer price inflation, as measured by the change in the PCE price index, was revised down slightly for 2017 in response to weaker-than-expected incoming data for inflation.
[2017-07-26] Stephanie R. Aaronson and Glenn Follette, Assistant Directors, Division of Research and Statistics, Board of Governors; Elizabeth Klee, Assistant Director, Division of Monetary Affairs, Board of Gover
[2017-07-26] The staff provided its latest report on potential risks to financial stability, indicating that it continued to judge the vulnerabilities of the U.S financial system as moderate on balance. This overa
[2017-07-26] By unanimous vote, the Committee ratified the Open Market Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's accoun
[2017-07-26] Nevertheless, several participants noted that uncertainty about the course of federal government policy, including in the areas of fiscal policy, trade, and health care, was tending to weigh down firm
[2017-07-26] 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 to 1-1/4 percent. The stance of monetary poli
[2017-07-26] Dana L. Burnett, Section Chief, Division of Monetary Affairs, Board of Governors
[2017-07-26] Total nonfarm payroll employment expanded solidly in June, and the average monthly pace of private-sector job gains over the first half of the year was essentially the same as last year. The unemploym
[2017-07-26] Broad U.S. equity price indexes rose. One‑month-ahead option-implied volatility of the S&P 500 index--the VIX--remained at historically low levels. Spreads of yields on investment- and speculative-gra
[2017-07-26] A number of participants noted that much of the analysis of inflation used in policymaking rested on a framework in which, for a given rate of expected inflation, the degree of upward pressures on pri
[2017-07-26] 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 financial market
[2017-07-26] For the time being, the Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed
[2017-07-26] Participants generally saw the incoming information on spending and labor market indicators as consistent, overall, with their expectations and indicated that their views of the outlook for economic g
[2017-07-26] The nominal U.S. international trade deficit narrowed in May, with an increase in exports and a small decline in imports. Export growth was led by consumer goods, automotive products, and services. Th
[2017-07-26] FOMC communications over the intermeeting period were viewed as broadly in line with investors' expectations that the Committee would continue to remove policy accommodation at a gradual pace. Market
[2017-07-26] Since the June FOMC meeting, the broad dollar depreciated 2 percent, weakening more against AFE currencies than against EME currencies. The dollar's depreciation was driven in part by policy communica
[2017-07-26] Joshua Gallin and David E. Lebow, Senior Associate Directors, Division of Research and Statistics, Board of Governors; Fabio M. Natalucci, Senior Associate Director, Division of Monetary Affairs, Boar
[2017-07-26] Margie Shanks,3 Deputy Secretary, Office of the Secretary, Board of Governors
[2017-07-26] Data received over the intermeeting period reinforced earlier indications that real GDP growth had turned up after having been slow in the first quarter of this year. As anticipated, growth in househo
[2017-07-26] Mark Libell,3 Assistant Congressional Liaison, Office of Board Members, Board of Governors
[2017-07-26] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect that, with gradual adjustments in the stance of monetary
[2017-07-26] Incoming data suggested that economic growth continued to firm abroad, especially among advanced foreign economies (AFEs). The pickup in advanced-economy demand also contributed to relatively strong g
[2017-07-26] 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
[2017-07-26] 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
[2017-07-26] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell
[2017-07-26] Reports from District contacts on both manufacturing and services were also generally consistent with moderate growth in economic activity overall. Construction-sector contacts were generally upbeat.
[2017-07-26] Staff Economic Outlook The U.S. economic projection prepared by the staff for the July FOMC meeting was broadly similar to the previous forecast. In particular, real GDP growth, which was modest in th
[2017-07-26] 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 over the period sin
[2017-07-26] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2017-07-26] Penelope A. Beattie,2 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2017-07-26] Linda Robertson,2 Assistant to the Board, Office of Board Members, Board of Governors
[2017-07-26] A number of participants also commented that the appropriate pace of normalization of the federal funds rate would depend on how financial conditions evolved and on the implications of those developme
[2017-07-26] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2017-07-26] Staff Review of the Financial Situation Domestic financial market conditions remained generally accommodative over the intermeeting period. U.S. equity prices rose, longer-term Treasury yields increas
[2017-07-26] Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors; Andreas Lehnert, Director, Division of Financial Stability, Board of Governors
[2017-07-26] "Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this
[2017-07-26] James A. Clouse, Thomas A. Connors, Michael Dotsey, Eric M. Engen, Evan F. Koenig, Beth Anne Wilson, and Mark L.J. Wright, Associate Economists
[2017-07-26] In their discussion of monetary policy, participants reaffirmed their view that a gradual approach to removing policy accommodation was likely to remain appropriate to promote the Committee's objectiv
[2017-07-26] 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
[2017-07-26] The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal payments on all agency debt and agency mortgage-backed securities
[2017-07-26] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent
[2017-07-26] Participants noted that labor market conditions had strengthened further over the intermeeting period. The unemployment rate rose slightly to 4.4 percent in June but remained low by historical standar
[2017-07-26] David Altig, Kartik B. Athreya, Beverly Hirtle, Glenn D. Rudebusch, Ellis W. Tallman, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, New York, San Fr
[2017-07-26] Real private expenditures for business equipment and intellectual property appeared to have increased moderately in the second quarter after a solid gain in the first quarter. Nominal shipments of non
[2017-07-26] Raphael W. Bostic, Loretta J. Mester, Mark L. Mullinix, Michael Strine, and John C. Williams, Alternate Members of the Federal Open Market Committee
[2017-07-26] Minutes of the Federal Open Market Committee July 25-26, 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 the F
[2017-07-26] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2017-07-26] Joseph W. Gruber, David Reifschneider, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2017-07-26] "Effective July 27, 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 to 1-1/4 percent
[2017-07-26] Market expectations for the path of the federal funds rate were little changed. Survey evidence suggested that most market participants now anticipated that the FOMC would announce at its September me
[2017-07-26] Participants also discussed the appropriate time to implement the plan for reducing the Federal Reserve's securities holdings that was announced in June in the Committee's postmeeting statement and it
[2017-07-26] In assessing recent developments in financial market conditions, participants referred to the continued low level of longer-term interest rates, in particular those on U.S Treasury securities. The lev