yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2016-07-27] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that the information received since the Committee met in June indicated that the labor market had st
[2016-07-27] Participants' Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants agreed that the information received over the int
[2016-07-27] Overall financing conditions for nonfinancial firms remained accommodative. Gross issuance of corporate bonds stayed robust in June, particularly in the investment-grade sector. Issuance slowed signif
[2016-07-27] Credit conditions in municipal bond markets remained solid. Gross issuance of municipal bonds in June was strong, credit quality continued to be stable overall, and the ratio of yields on general obli
[2016-07-27] The unemployment rates for African Americans and for Hispanics stayed above the rate for whites, al­though the differentials in jobless rates across the different groups were similar to those before t
[2016-07-27] Financing conditions in consumer credit markets were little changed and remained largely accommodative against a backdrop of stable credit performance across debt categories. Growth of auto loans rema
[2016-07-27] Regarding the outlook for inflation, incoming information appeared to be broadly in line with most participants' earlier expectations that inflation would gradually rise to 2 percent over the medium t
[2016-07-27] 2. Attended the discussions of the long-run monetary policy implementation framework and financial developments. Return to text
[2016-07-27] John J. Stevens, Deputy Associate Director, Division of Research and Statistics, Board of Governors
[2016-07-27] One key consideration discussed by policymakers was the appropriate amount of flexibility that an implementation framework might have--for example, the extent to which a framework could readily enable
[2016-07-27] Charles L. Evans, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2016-07-27] In the days immediately following the Brexit vote, asset prices were volatile, and some financial markets, particularly certain foreign exchange markets, experienced brief periods of strained liquidit
[2016-07-27] Participants generally indicated that their economic forecasts had changed little over the intermeeting period. They continued to anticipate that, with gradual adjustments in the stance of monetary po
[2016-07-27] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2016-07-27] Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were s
[2016-07-27] The labor market report for June appeared to confirm participants' earlier assessments that the small gain in payroll employment in May likely had substantially understated its underlying pace. The sh
[2016-07-27] Total industrial production rose modestly, on net, in May and June, primarily reflecting an increase in the output of utilities in June related to unseasonably warm weather during that month. Manufact
[2016-07-27] In the discussion of developments related to financial stability, it was noted that while the capital and liquidity positions of U.S. banks remained strong, European banks, particularly Italian banks,
[2016-07-27] "Effective July 28, 2016, 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 1/4 to 1/2 percent
[2016-07-27] Long-Run Monetary Policy Implementation Framework The staff provided several briefings that reviewed progress on a long-term effort begun in July 2015 to evaluate potential long-run frameworks for mon
[2016-07-27] Ms. George dissented because she believed that a 25 basis point increase in the target range for the federal funds rate was appropriate at this meeting. Information available since the June FOMC meeti
[2016-07-27] Marie Gooding, First Vice President, Federal Reserve Bank of Atlanta
[2016-07-27] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2016-07-27] Robert deV. Frierson, Secretary of the Board, Office of the Secretary, Board of Governors
[2016-07-27] Members again 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
[2016-07-27] Thomas A. Connors, Troy Davig, Michael P. Leahy, David E. Lebow, Stephen A. Meyer, Ellis W. Tallman, Christopher J. Waller, and William Wascher, Associate Economists
[2016-07-27] 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 securities and of ro
[2016-07-27] Glenn Follette and Steven A. Sharpe, Assistant Directors, Division of Research and Statistics, Board of Governors; Elizabeth Klee,3 Assistant Director, Division of Monetary Affairs, Board of Governors
[2016-07-27] Residential investment posted a strong increase in the first quarter of the year, but data on starts of new single-family homes indicated that outlays likely edged down in the second quarter. Data on
[2016-07-27] The U.S. international trade deficit widened in May, as imports rose and exports declined slightly. The export decline was led by decreased exports of capital goods and automotive products. For import
[2016-07-27] Participants discussed the implications of recent economic and financial developments for the economic outlook and the risks attending the outlook. They indicated that their forecasts for economic gro
[2016-07-27] Financing conditions for commercial real estate (CRE) stayed fairly accommodative, on balance, and bank lending in all major CRE categories was strong through June. Spreads on U.S. commercial mortgage
[2016-07-27] During the intermeeting period, federal funds continued to trade at rates well within the FOMC's 1/4 to 1/2 percent target range. However, the average effective federal funds rate was modestly higher
[2016-07-27] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard James Bullard Stanley Fischer Esther L. George Loretta J. Mester Jerome H. Powell Eric Rosengren Daniel K. Tarullo
[2016-07-27] John Fernald, Senior Research Advisor, Federal Reserve Bank of San Francisco
[2016-07-27] Developments in Financial Markets and Open Market Operations The deputy manager of the System Open Market Account (SOMA) reported on developments in financial markets and open market operations during
[2016-07-27] Federal Reserve communications released in conjunction with the June FOMC meeting were interpreted by market participants as more accommodative than expected. The expected path of the federal funds ra
[2016-07-27] Valerie Hinojosa, Information Manager, Division of Monetary Affairs, Board of Governors
[2016-07-27] Members continued to expect inflation to remain low in the near term, in part because of earlier declines in energy prices, but most anticipated that inflation would rise to 2 percent over the medium
[2016-07-27] 3. Attended the discussion of the long-run monetary policy implementation framework. Return to text
[2016-07-27] Growth in real personal consumption expenditures (PCE) appeared to have picked up in the second quarter. The components of the nominal retail sales data used by the Bureau of Economic Analysis to cons
[2016-07-27] The nominal Treasury yield curve flattened slightly, on net, over the intermeeting period. Longer-term nominal Treasury yields fell sharply in the two weeks following the Brexit vote. Market participa
[2016-07-27] While members judged that near-term risks to the domestic outlook had diminished, some noted that the U.K. vote, along with other developments abroad, still imparted significant uncertainty to the med
[2016-07-27] Against the backdrop of their views of the economic outlook, participants discussed the conditions that could warrant taking another step in removing monetary policy accommodation. With inflation cont
[2016-07-27] Notation Vote By notation vote completed on July 5, 2016, the Committee unanimously approved the minutes of the Committee meeting held on June 14-15, 2016.
[2016-07-27] David Altig and Ron Feldman, Executive Vice Presidents, Federal Reserve Banks of Atlanta and Minneapolis, respectively
[2016-07-27] In the discussion that followed the staff presentations, policymakers agreed that decisions regarding an appropriate long-run implementation framework would not be necessary for some time. Furthermore
[2016-07-27] The pace of foreign real GDP growth appeared to slow in the second quarter, driven in large part by temporary factors such as wildfires in Canada and, to a lesser extent, by a deceleration of activity
[2016-07-27] Andrew Figura, David Reifschneider, and Stacey Tevlin, Special Advisers to the Board, Office of Board Members, Board of Governors
[2016-07-27] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Steven B. Kamin, Economi
[2016-07-27] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Govern
[2016-07-27] Meeting participants commented on several other considerations that they saw as being relevant for evaluating possible implementation frameworks. Other major central banks have successfully employed a
[2016-07-27] Nominal outlays for defense through June pointed to a decline in real federal government purchases in the second quarter. Real state and local government purchases also appeared to have declined. Alth
[2016-07-27] Broad stock price indexes increased, on net, over the intermeeting period. One-month-ahead option-implied volatility on the S&P 500 index--the VIX--fell, returning to the lower end of its distribution
[2016-07-27] 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
[2016-07-27] The staff's forecast for consumer price inflation over the second half of 2016 was a little lower than in the previous projection, as recent declines in crude oil prices were expected to hold down con
[2016-07-27] A second source of near-term uncertainty that members had discussed at the June meeting pertained to the potential economic and financial market consequences of the U.K. referendum on membership in th
[2016-07-27] Elmar Mertens, Principal Economist, Division of Monetary Affairs, Board of Governors
[2016-07-27] Available information on inflation suggested that the change in headline PCE prices for the 12 months ending in June continued to run well below the Committee's longer-run objective and that the 12-mo
[2016-07-27] In discussing the outlook for the labor market, most participants viewed some further strengthening in labor market indicators as consistent with achieving the Committee's maximum-employment objective
[2016-07-27] Participants also discussed recent developments in financial markets and issues related to financial stability. The vote by the United Kingdom to leave the EU led to sharp declines in risk asset price
[2016-07-27] Jeffrey M. Lacker, Dennis P. Lockhart, and John C. Williams, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2016-07-27] Tobias Adrian, Michael Dotsey, Stephanie Heller, Susan McLaughlin,3 Julie Ann Remache,3 and John A. Weinberg, Senior Vice Presidents, Federal Reserve Banks of New York, Philadelphia, New York, New Yor
[2016-07-27] The staff viewed the uncertainty around its July projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for rea
[2016-07-27] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary po
[2016-07-27] 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, July 26
[2016-07-27] 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
[2016-07-27] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2016-07-27] In their discussion of business conditions in their Districts, many participants reported that their contacts anticipated that the U.K. referendum would have little effect on their businesses. Activit
[2016-07-27] Minutes of the Federal Open Market Committee July 26-27, 2016 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
[2016-07-27] Staff Review of the Economic Situation The information reviewed for the July 26-27 meeting indicated that labor market conditions generally improved in June and that growth in real gross domestic prod
[2016-07-27] Antulio N. Bomfim and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Brian M. Doyle,3 Senior Adviser, Division of International Finance, Board of Governors
[2016-07-27] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2016-07-27] 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
[2016-07-27] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2016-07-27] Secretary's note: The following statement regarding the June 14-15, 2016, FOMC meeting was inadvertently omitted from minutes of that meeting: "Consistent with the Committee's decision to leave the ta
[2016-07-27] The Committee also decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities
[2016-07-27] In its latest report on potential risks to the stability of the U.S. financial system, the staff continued to judge that vulnerabilities overall remained at a moderate level and noted that the financi
[2016-07-27] On balance, the credit quality of nonfinancial corporations continued to weaken in recent months, al­though some indicators suggested that the pace of deterioration was subsiding. The net volume of bo
[2016-08-04] Additional information, including the steps that institutions must complete to be eligible to participate in term deposit operations are available at http://www.frbservices.org/centralbank/term_deposi
[2016-08-04] Early Withdrawal The penalty for obtaining a return of funds prior to the maturity date includes the forfeiture of all interest on the term deposit plus an additional fee of 0.75000 percent at an annu
[2016-08-04] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2016-08-04] The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational
[2016-08-04] The operation will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility (http://www.frbservices.org/centralbank/term_deposit_facility
[2016-08-04] Notification Participants will be able to view their awards by accessing the Term Deposit Facility application.
[2016-08-04] On August 11, 2016, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its TDF. The Federal Reserve will offer seven-day term deposits
[2016-08-04] Summary operation results will be published on the Board of Governors' website (http://www.federalreserve.gov/monetarypolicy/tdf.htm) at approximately 3:30 p.m. EDT on the notification date.
[2016-08-04] Submission of Tender Participants must submit tenders by accessing the Term Deposit Facility application (https://www.federalreserve.org/arrow/ARROWWeb/home.do) between the opening time and the closin
[2016-08-04] See the TDF Resource Center for additional details regarding this feature and the terms and conditions for early withdrawal (www.frbservices.org/centralbank/term_deposit_facility.html).
[2016-08-11] On August 11, 2016, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to
[2016-08-11] The awarded deposits will settle on August 11, 2016, and will mature on August 18, 2016.The operation effective rate will apply to all awarded deposits.
[2016-08-17] 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
[2016-08-17] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 26-27, 2016.
[2016-08-17] Minutes of the Federal Open Market Committee July 26-27, 2016: HTML | PDF
[2016-08-17] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2016-08-23] The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on July 25, 2016.
[2016-09-21] David Altig, Kartik B. Athreya, and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, and Chicago, respectively
[2016-09-21] 1 In general, as specified in Article IV, each member of the IMF undertakes to collaborate with the IMF and other members to assure orderly exchange arrangements and to promote a stable system of exch
[2016-09-21] Participants' reports on the manufacturing sector indicated varying conditions across Districts, but, on the whole, manufacturing activity remained flat. The most recent survey evidence was downbeat,
[2016-09-21] Growth in consumer spending appeared to have moderated somewhat in the third quarter from its rapid second-quarter pace, reflecting a softening in retail sales since June. District contacts provided m
[2016-09-21] David López-Salido, Associate Director, Division of Monetary Affairs, Board of Governors
[2016-09-21] 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
[2016-09-21] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2016-09-21] Jonathan E. Goldberg and Francisco Vazquez-Grande, Senior Economists, Division of Monetary Affairs, Board of Governors
[2016-09-21] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2016-09-21] Mary Daly, Evan F. Koenig, Susan McLaughlin,2 and Paolo A. Pesenti, Senior Vice Presidents, Federal Reserve Banks of San Francisco, Dallas, New York, and New York, respectively
[2016-09-21] Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace
[2016-09-21] Ms. George judged that with the unemployment rate and inflation at or near their longer-run levels, removing some accommodation was warranted and would be consistent with the prescriptions of several
[2016-09-21] Financing conditions for households generally continued to be accommodative; however, mortgage markets remained relatively tight for borrowers with low credit scores. Interest rates on 30-year fixed-r
[2016-09-21] Recent information on housing activity suggested that real residential investment spending continued to be soft in the third quarter. Starts for new single-family homes declined, on net, in July and A
[2016-09-21] Financing conditions for nonfinancial firms remained generally accommodative. While outstanding commercial and industrial loans and CP both declined somewhat in August, gross issuance of corporate bon
[2016-09-21] Participants generally agreed that labor market conditions had improved appreciably over the course of the year, with monthly payroll gains averaging about 180,000. Reports from several Districts indi
[2016-09-21] Real personal consumption expenditures (PCE) appeared to be increasing solidly, on net, in the third quarter. Real PCE rose strongly in July, but the components of the nominal retail sales data used b
[2016-09-21] The Committee also decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities
[2016-09-21] 5. One participant did not submit longer-run projections for the change in real GDP, the unemployment rate, or the federal funds rate. Return to text
[2016-09-21] With regard to recent financial developments, it was noted that regulatory changes and impending MMF reforms likely had led to an increase in certain short-term interest rates, but these developments
[2016-09-21] MMF reform continued to affect several short-term funding markets in advance of the October 14, 2016, compliance date. While total assets under the management of MMFs changed little over the intermeet
[2016-09-21] Nominal outlays for defense through August pointed to flat real federal government purchases in the third quarter. Real state and local government purchases also appeared to be little changed, on net,
[2016-09-21] Economic activity in the second half of the year was expected to be buoyed in part by a pickup in business fixed investment and some rebuilding of inventories. A recent increase in oil drilling rigs i
[2016-09-21] 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 securities and of ro
[2016-09-21] Total U.S. consumer prices, as measured by the PCE price index, increased about 3/4 percent over the 12 months ending in July, partly restrained by recent decreases in consumer food prices and earlier
[2016-09-21] PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard James Bullard Stanley Fischer Esther L. George Loretta J. Mester Jerome H. Powell Eric Rosengren Daniel K. Tarullo
[2016-09-21] Mr. Rosengren noted that, since the Committee's most recent policy action in late 2015, significant progress had been made toward the Committee's dual mandate. He believed that with inflation graduall
[2016-09-21] Satyajit Chatterjee, Senior Economic Advisor, Federal Reserve Bank of Philadelphia
[2016-09-21] David Bowman, Andrew Figura, Joseph W. Gruber, Ann McKeehan, and David Reifschneider, Special Advisers to the Board, Office of Board Members, Board of Governors
[2016-09-21] Randall A. Williams, Information Manager, Division of Monetary Affairs, Board of Governors
[2016-09-21] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that the information received since the Committee met in July indicated that the labor market had co
[2016-09-21] Among the participants who supported awaiting further evidence of continued progress toward the Committee's objectives, several stated that the decision at this meeting was a close call. Some particip
[2016-09-21] Staff Economic Outlook In the U.S. economic projection prepared by the staff for the September FOMC meeting, the forecast for real GDP growth in 2016 through 2019 was little changed from the one prese