yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2018-03-21] Consumer credit grew at a solid pace in January following a rapid expansion in the fourth quarter. Aggregate credit card balances continued to expand steadily in January. Nonetheless, for subprime bor
[2018-03-21] "Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate.
[2018-03-21] 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
[2018-03-21] In their discussion of developments in financial markets, some participants observed that financial conditions remained accommodative despite the rise in market volatility and repricing of assets that
[2018-03-21] 3. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2018-03-21] Broad equity price indexes decreased over the intermeeting period. Market participants pointed to a larger-than-expected increase in average hourly earnings in the January employment report as a facto
[2018-03-21] Antulio N. Bomfim, Special Adviser to the Chairman, Office of Board Members, Board of Governors
[2018-03-21] Foreign economic activity expanded at a moderate pace in the fourth quarter. Real GDP growth picked up in Mexico but slowed a bit in some advanced foreign economies (AFEs) and in emerging Asia. Recent
[2018-03-21] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives
[2018-03-21] Most members noted that recent readings on inflation, along with the strengthening of the economic outlook, provided support for the view that inflation on a 12-month basis would likely move up in com
[2018-03-21] Tax changes enacted late last year and the recent federal budget agreement, taken together, were expected to provide a significant boost to output over the next few years. However, participants genera
[2018-03-21] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in January indicated that the labor market had con
[2018-03-21] Many participants reported considerable optimism among the business contacts in their Districts, consistent with a firming in business expenditures. Respondents to District surveys in both the manufac
[2018-03-21] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members voted to raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent.
[2018-03-21] Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. J
[2018-03-21] In some Districts, reports from business contacts or evidence from surveys pointed to a pickup in wages, particularly for unskilled or entry-level workers. However, business contacts or national surve
[2018-03-21] Kurt F. Lewis, Principal Economist, Division of Monetary Affairs, Board of Governors
[2018-03-21] Valerie Hinojosa, Information Manager, Division of Monetary Affairs, Board of Governors
[2018-03-21] In their discussion of economic conditions and the outlook, meeting participants agreed that information received since the FOMC met in January indicated that economic activity had been rising at a mo
[2018-03-21] Etienne Gagnon, Section Chief, Division of Monetary Affairs, Board of Governors
[2018-03-21] Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessments of realized and expected economic conditions relative to
[2018-03-21] 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. The staff saw the risks to the forecas
[2018-03-21] Voting for the FOMC monetary policy action were Jerome H. Powell, Chairman; William C. Dudley, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Loretta J. Mester; Randal K. Quarles;
[2018-03-21] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2018-03-21] Real residential investment looked to be slowing in the first quarter after rising briskly in the fourth quarter. Starts of new single-family homes increased in January and February, al­though buildin
[2018-03-21] 4. 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, St. Louis, Kans
[2018-03-21] Minutes of the Federal Open Market Committee March 20-21, 2018 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the
[2018-03-21] 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 1-1/2 to 1-3/4 percent. The stance of monetary pol
[2018-03-21] Monetary policy communications over the intermeeting period--including the January FOMC statement, the minutes of the January FOMC meeting, and the Chairman's semiannual testimony to the Congress--wer
[2018-03-21] Voting for this action: Jerome H. Powell, William C. Dudley, Thomas I. Barkin, Raphael W. Bostic, Lael Brainard, Loretta J. Mester, Randal K. Quarles, and John C. Williams.
[2018-03-21] 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
[2018-03-21] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, May 1-2, 2018. The meeting adjourned at 9:55 a.m. on March 21, 2018.
[2018-03-21] Total industrial production expanded, on net, in January and February, with gains in both manufacturing and mining. Automakers' schedules indicated that assemblies of light motor vehicles would likely
[2018-03-21] Penelope A. Beattie,2 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2018-03-21] 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 March that exceeds $12 bi
[2018-03-21] David Andolfatto, Jonathan P. McCarthy, Giovanni Olivei, and Jonathan L. Willis, Vice Presidents, Federal Reserve Banks of St. Louis, New York, Boston, and Kansas City, respectively
[2018-03-21] Joseph W. Gruber and John M. Roberts,2 Special Advisers to the Board, Office of Board Members, Board of Governors
[2018-03-21] David Altig, Kartik B. Athreya, Thomas A. Connors, Trevor A. Reeve, Ellis W. Tallman, and William Wascher, Associate Economists
[2018-03-21] Total real government purchases seemed to be flattening out, on balance, in the first quarter after rising solidly in the fourth quarter. Nominal defense spending in January and February was consisten
[2018-03-21] In their consideration of monetary policy, participants discussed the implications of recent economic and financial developments for the appropriate path of the federal funds rate. All participants ag
[2018-03-21] Staff Review of the Economic Situation The information reviewed for the March 20-21 meeting indicated that labor market conditions continued to strengthen through February and suggested that real gros
[2018-03-21] Eric C. Engstrom, Adviser, Division of Monetary Affairs, and Adviser, Division of Research and Statistics, Board of Governors
[2018-03-21] 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
[2018-03-21] 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
[2018-03-21] Staff Review of the Financial Situation Financial markets were turbulent over the intermeeting period, and market volatility increased notably. On net, U.S. equity prices declined, corporate bond spre
[2018-03-21] Since the January FOMC meeting, foreign equity prices moved notably lower, on net, and generally declined more in the AFEs than in the United States. Longer-term yields on sovereign debt in AFEs eithe
[2018-03-21] Stacey Tevlin, Associate Director, Division of Research and Statistics, Board of Governors
[2018-03-21] Total U.S. consumer prices, as measured by the PCE price index, increased 1-3/4 percent over the 12 months ending in January. Core PCE price inflation, which excludes changes in consumer food and ener
[2018-03-21] Marc Giannoni, Luke Woodward, and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of Dallas, Kansas City, and Minneapolis, respectively
[2018-03-21] Most participants described labor market conditions as strong, noting that payroll gains had remained well above the pace regarded as consistent with absorbing new labor force entrants over time, the
[2018-03-21] Meredith Black, First Vice President, Federal Reserve Bank of Dallas
[2018-03-21] Jerome H. Powell, Chairman William C. Dudley, Vice Chairman Thomas I. Barkin Raphael W. Bostic Lael Brainard Loretta J. Mester Randal K. Quarles John C. Williams
[2018-03-21] Michael Dotsey, Glenn D. Rudebusch, and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Philadelphia, San Francisco, and Chicago, respectively
[2018-03-21] The change in net exports was a significant drag on real GDP growth in the fourth quarter of 2017, as imports grew rapidly. The nominal U.S. international trade deficit widened in January; exports dec
[2018-03-21] Glenn Follette and Karen M. Pence,2 Assistant Directors, Division of Research and Statistics, Board of Governors
[2018-03-21] All members viewed the recent data and other developments bearing on real economic activity as suggesting that the outlook for the economy beyond the current quarter had strengthened in recent months.
[2018-03-21] On net, the nominal Treasury yield curve shifted up and flattened a bit. Monetary policy communications, higher-than-expected domestic price data, and expectations for increases in the supply of Treas
[2018-03-21] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-03-21] Developments in Financial Markets and Open Market Operations The deputy manager of the System Open Market Account (SOMA) provided a summary of developments in domestic and global financial markets ove
[2018-03-21] Ellen E. Meade, Stephen A. Meyer, Edward Nelson, and Robert J. Tetlow, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2018-03-21] Growth in real private expenditures for business equipment and intellectual property appeared to be moderating in the first quarter after increasing at a solid pace in the preceding quarter. Nominal s
[2018-03-21] Matthew J. Eichner,3 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors; And
[2018-03-22] The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of Chicago and Minneapolis, increasing the discount rate (the primary credit rate) at
[2018-04-11] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2018-04-11] The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Re
[2018-04-11] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 20-21, 2018. A summary of economic projections made by
[2018-04-11] Minutes of the Federal Open Market Committee March 20-21, 2018: HTML | PDF
[2018-04-17] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 26 through March 21, 2018.
[2018-05-02] Commercial real estate (CRE) financing conditions remained accommodative over the intermeeting period. CRE loan growth at banks strengthened in March but edged down in the first half of April. Spreads
[2018-05-02] Growth in banks' commercial and industrial (C&I) loans strengthened in March and the first half of April following relatively weak growth in January and February. Respondents to the April Senior Loan
[2018-05-02] The Committee directs the Desk to continue rolling over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that
[2018-05-02] Staff Economic Outlook The staff projection for U.S. economic activity prepared for the May FOMC meeting continued to suggest that the economy was expanding at an above-trend pace. Real GDP growth, wh
[2018-05-02] Notation Vote By notation vote completed on April 10, 2018, the Committee unanimously approved the minutes of the Committee meeting held on March 20-21, 2018.
[2018-05-02] Participants commented on how the Committee's communications in its postmeeting statement might need to be revised in coming meetings if the economy evolved broadly as expected. A few participants not
[2018-05-02] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with further gradual adjustments in the stance of monetary poli
[2018-05-02] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in March indicated that the labor market had conti
[2018-05-02] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) provided a summary of domestic and global financial developments over the intermeeting
[2018-05-02] George A. Kahn, Vice President, Federal Reserve Bank of Kansas City
[2018-05-02] Total nonfarm payroll employment rose less in March than in the previous two months, but the increase for the first quarter as a whole was solid. The labor force participation rate edged down in March
[2018-05-02] All members viewed the recent data as indicating that the outlook for the economy had changed little since the previous meeting. In addition, financial conditions, al­though somewhat tighter than at t
[2018-05-02] Eric C. Engstrom, Adviser, Division of Monetary Affairs, and Adviser, Division of Research and Statistics, Board of Governors
[2018-05-02] Eric M. Engen and Joshua Gallin, Senior Associate Directors, Division of Research and Statistics, Board of Governors
[2018-05-02] "Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Jo
[2018-05-02] The deputy manager followed with a briefing focused on recent developments in the federal funds market, noting that the effective federal funds rate had increased in recent weeks and had moved toward
[2018-05-02] In their discussion of this issue, participants generally agreed that it could become appropriate to make a small technical adjustment in the Federal Reserve's approach to implementing monetary policy
[2018-05-02] Marcelo Rezende, Principal Economist, Division of Monetary Affairs, Board of Governors
[2018-05-02] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-05-02] Kartik B. Athreya, Thomas A. Connors, Mary Daly, Trevor A. Reeve, Ellis W. Tallman, William Wascher, and Beth Anne Wilson, Associate Economists
[2018-05-02] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2018-05-02] Staff Review of the Economic Situation The information reviewed for the May 1-2 meeting indicated that labor market conditions continued to strengthen in the first quarter, while real gross domestic p
[2018-05-02] Penelope A. Beattie,4 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2018-05-02] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2018-05-02] Participants viewed recent readings on spending, employment, and inflation as suggesting little change, on balance, in their assessments of the economic outlook. Real GDP growth slowed somewhat less i
[2018-05-02] Meeting participants also discussed the recent flatter profile of the term structure of interest rates. Participants pointed to a number of factors contributing to the flattening of the yield curve, i
[2018-05-02] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, June 12-13, 2018. The meeting adjourned at 10:00 a.m. on May 2, 2018.
[2018-05-02] The 12-month changes in overall and core PCE prices moved up in March, to 2 percent and 1.9 percent, respectively. Most participants viewed the recent firming in inflation as providing some reassuranc
[2018-05-02] The near-term projection for consumer price inflation was revised up slightly in response to incoming data on prices. Beyond the near term, the forecast for inflation was a bit lower than in the previ
[2018-05-02] In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. The stance of monetary
[2018-05-02] The S&P 500 index decreased over the period on net. Equity prices declined early in the intermeeting period, reportedly in response to trade tensions between the United States and China as well as neg
[2018-05-02] Ron Feldman, First Vice President, Federal Reserve Bank of Minneapolis
[2018-05-02] Anthony Murphy, Senior Economic Policy Advisor, Federal Reserve Bank of Dallas
[2018-05-02] Participants commented on a number of risks and uncertainties associated with their expectations for economic activity, the labor market, and inflation over the medium term. Some participants saw a ri
[2018-05-02] Incoming data suggested that foreign economic activity continued to expand at a solid pace. Real GDP growth picked up in the first quarter in several emerging market economies (EMEs), including Mexico
[2018-05-02] Consumer expenditures rose at a modest pace in the first quarter following a strong gain in the preceding quarter. Monthly data pointed to some improvement toward the end of the quarter, as real PCE m
[2018-05-02] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants agreed that information received since the FOMC m
[2018-05-02] The nominal U.S. international trade deficit widened in February as imports rose briskly, outpacing the increase in exports. Preliminary data on trade in goods suggested that the trade deficit narrowe
[2018-05-02] Jane E. Ihrig and David López-Salido, Associate Directors, Division of Monetary Affairs, Board of Governors
[2018-05-02] Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessments of realized and expected economic conditions relative to
[2018-05-02] Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job
[2018-05-02] Michael Dotsey, Geoffrey Tootell, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Philadelphia, Boston, and St. Louis, respectively
[2018-05-02] Jerome H. Powell, Chairman William C. Dudley, Vice Chairman Thomas I. Barkin Raphael W. Bostic Lael Brainard Loretta J. Mester Randal K. Quarles John C. Williams
[2018-05-02] FOMC communications over the intermeeting period were generally viewed by market participants as reflecting an upbeat outlook for economic growth and as consistent with a continued gradual removal of
[2018-05-02] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives
[2018-05-02] Participants generally reported that their business contacts were optimistic about the economic outlook. However, in a number of Districts, contacts expressed concern about the possible adverse effect
[2018-05-02] Staff Review of the Financial Situation Early in the intermeeting period, uncertainty over trade policy and negative news about the technology sector reportedly contributed to lower prices for risky a
[2018-05-02] Foreign equity markets were mixed over the intermeeting period, with investors attuned to developments related to U.S. and Chinese trade policies and to news about the U.S. technology sector. Broad Ja
[2018-05-02] 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
[2018-05-02] Total real government purchases rose at a slower rate in the first quarter than in the fourth quarter. Real federal purchases increased in the first quarter, with gains in both defense and nondefense
[2018-05-02] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors; Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board of Governors; Michael T. Kiley, Deput
[2018-05-02] 5. The second vote of the Board also encompassed approval of the establishment of the interest rates for secondary and seasonal credit under the existing formulas for computing such rates. Return to t
[2018-05-02] The manager discussed the role of standing liquidity swap lines in supporting financial stability and recommended that these swap lines be renewed at this meeting following the usual annual schedule.
[2018-05-02] Total U.S. consumer prices, as measured by the PCE price index, increased 2 percent over the 12 months ending in March. Core PCE price inflation, which excludes changes in consumer food and energy pri
[2018-05-02] The deputy manager then discussed the possibility of a small technical realignment of the IOER rate relative to the top of the target range for the federal funds rate. Since the target range was estab
[2018-05-02] The nominal Treasury yield curve continued to flatten over the intermeeting period, with yields on 2-year and 10-year Treasury securities up 17 basis points and 7 basis points, respectively. Measures
[2018-05-02] Real residential investment was unchanged in the first quarter after a strong increase in the fourth quarter. Starts for new single-family homes decreased in March, but the average pace in the first q
[2018-05-02] 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. The staff saw the risks to the forecas
[2018-05-02] Financial conditions tightened somewhat over the intermeeting period but remained accommodative overall. The foreign exchange value of the dollar rose modestly, but this move retraced only a bit of th
[2018-05-02] "Effective May 3, 2018, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 1-1/2 to 1-3/4 perce
[2018-05-02] In their consideration of monetary policy over the near term, participants discussed the implications of recent economic and financial developments for the outlook for economic growth, labor market co
[2018-05-02] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members agreed to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 perc