yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2014-01-01] staff forecasts suggested that inflation, despite recent higher readings, was likely to be consistent with the 2–3 per cent target over the next two years.
[2014-01-01] stronger u.s. demand, as well as the recent depreciation of the canadian dollar, should help to boost exports and, in turn, business confidence and investment.
[2014-01-01] the bank is neutral with respect to the timing and direction of the next change to the policy rate, which will depend on how new information influences the outlook and assessment of risks.
[2014-01-01] a different member emphasized that the bank's expansion of the qqe was necessary as a preemptive action, given that in japan, where inflation expectations had not been anchored, a decline in the actua
[2014-01-01] (5) regarding the national strategic zones project, special zone meetings had been held in the kansai area and fukuoka city, and discussions had progressed with regard to efforts such as drawing up pl
[2014-01-01] for the non-mining sector, the abs survey of firms' capital expenditure intentions had been revised slightly higher and continued to imply modest growth in non-mining business investment over the cour
[2014-01-01] the economic recovery in the united states appears to be on track, despite soft readings in the last few months largely due to unusual weather.
[2014-01-01] still, household imbalances remain elevated and would pose a significant risk should economic conditions deteriorate.
[2014-01-01] against this view, as was the case when the april 2014 outlook report had been discussed, some members held a more cautious view of the outlook for prices compared with the forecasts in the baseline s
[2014-01-01] on this basis, many members expressed the view that, although some indicators -- such as machinery orders for may -- had shown some weakness, firms were maintaining a positive attitude, as the june _t
[2014-01-01] in this situation, the year-on-year rate of increase in the cpi for all items had climbed somewhat, mainly because the year-on-year rate of change in energy prices had turned positive.
[2014-01-01] the first rise in bank rate was fully priced into ois rates by 2015 q2, with economists polled by reuters expecting the first rise in q1, a little earlier than in may.
[2014-01-01] meanwhile, household imbalances continue to evolve constructively and recent data are broadly consistent with a soft landing in canada’s housing market.
[2014-01-01] members noted that australian banks continued to raise funds relatively cheaply, with a recent issue of residential mortgage-backed securities being of record size in the domestic market and occurring
[2014-01-01] A more robust contour for final sales over the forecast horizon would lead to somewhat greater pressure on resource margins, despite the expected strong growth of structural productivity, though the l
[2014-01-01] some members -- while noting the relatively weak developments in consumer confidence since october 2013 -- said that this might be attributable to consumers' awareness of the consumption tax hike, and
[2014-01-01] Monetary policy has a role, and it really is in, you know—our original role was providing liquidity to financial systems when they’re under stress, and that’s—that’s really part of what we did today.
[2014-01-01] as permitted under the bank of england act 1998, as amended by the financial services act 2012, david lees was also present as an observer in his role as a member of the oversight committee of court.
[2014-01-01] Nevertheless, the staff continued to forecast that real GDP growth would pick up only gradually in 2012 and 2013, supported by accommodative monetary policy, easing credit conditions, and improvements
[2014-01-01] members shared the view that the pace of growth in the nies and the asean economies was likely to gradually rise since exports were expected to continue picking up, particularly those to europe and th
[2014-01-01] in april, nominal orders and shipments of nondefense capital goods excluding aircraft decreased a little after rising briskly in march.
[2014-01-01] wage growth in the public sector over 2013 was around its slowest pace since 2000, consistent with ongoing fiscal restraint.
[2014-01-01] global trade growth plunged after 2011, but is poised to recover as global demand strengthens.
[2014-01-01] the global economic expansion is expected to strengthen over the next three years as headwinds that have been restraining activity dissipate.
[2014-01-01] some financial institutions had been making use of this facility close to the maximum amount that could be provided to each of them -- namely, 150 billion yen.
[2014-01-01] a lack of supply would be consistent with the continued rises in house prices.
[2014-01-01] a different member commented that, in a situation where wages rose due to labor shortages, it was necessary for firms to boost their productivity through, for example, fixed investment to promote labo
[2014-01-01] among the other industries cited as relatively strong in recent months were transportation, energy, and services.
[2014-01-01] this view hinges critically on the projected upturn in exports and investment.
[2014-01-01] However, indicators of economic activity in Japan and Brazil remained weak.
[2014-01-01] overall, the balance of risks falls within the zone for which the current stance of monetary policy is appropriate and therefore the target for the overnight rate remains at 1 per cent.
[2014-01-01] [8] in this situation, the amount outstanding of the monetary base had been in the range of 241-254 trillion yen.
[2014-01-01] measures of expected inflation derived from prices in financial markets had fallen fractionally over the month.
[2014-01-01] one member, however, said that wage increases and price rises resulting from supply-side constraints might not be sustainable.
[2014-01-01] during 2014, the sterling index had risen above the top of the range it had previously_ occupied in the period since the financial crisis.
[2014-01-01] real disposable income continued to increase in the first quarter, further gains in house prices likely bolstered household net worth, and consumer sentiment in the thomson reuters/university of michi
[2014-01-01] regarding inflation, members agreed to update the language in the statement to acknowledge that inflation had recently moved somewhat closer to the committee's longer-run objective and to convey their
[2014-01-01] the pick-up in business fixed investment had become increasingly evident as corporate profits had improved.
[2014-01-01] one of these members pointed out that the march _tankan showed that this tendency in firms' outlook for future_ general prices was rather noticeable among small firms, which seemed to face difficulty
[2014-01-01] in their discussion of language for the postmeeting statement, members generally agreed that they should acknowledge the broad improvement in labor market conditions over the intermeeting period as we
[2014-01-01] total cpi inflation has moved up to around the 2 per cent target in recent months, sooner than expected.
[2014-01-01] forecasts of more moderate growth in aggregate demand at a pace around potential output had substantially reduced the odds on rising inflation, the risks still were pointed in that direction on balanc
[2014-01-01] So, you know, I can’t—all I can tell you is, we’ll be looking at weak global growth.
[2014-01-01] Factors pointing to potentially higher inflation included increased pressures on food prices stemming from disappointing harvests in some areas and relatively low grain supplies.
[2014-01-01] staff review of the economic situation the information reviewed for the june 17-18 meeting indicated that real gross domestic product (gdp) had dropped significantly early in the year but that economi
[2014-01-01] total nonfarm payroll employment expanded in april and may at a faster rate than the average monthly pace during the previous two quarters.
[2014-01-01] overall, global growth is expected to pick up to 3.3 per cent in 2014 and increase further to 3.7 per cent in 2015 and 2016 – largely unchanged from the january monetary policy report (mpr).
[2014-01-01] Monetary policy, maximum employment, stable prices—it’s less obvious to me.
[2014-01-01] Several participants stated that such risks should not inhibit the Committee from pursuing its mandated objectives for inflation and employment.
[2014-01-01] meanwhile, recent data have been consistent with the bank’s expectation of a soft landing in the housing market and a stabilization of household indebtedness relative to income.
[2014-01-01] However, in the view of most members, the outlook for both economic activity and price pressures remained very uncertain, and thus the timing and magnitude of future policy actions was quite unclear.
[2014-01-01] the chinese equity market had weakened over the past two months.
[2014-01-01] You’ll never get inflation to 2 percent.” Some of our critics now who say inflation’s too tight—too high were the same ones who were saying, “You’ll never get to 2 percent.” Well, but anyway, that’s w
[2014-01-01] low interest rates were working to support demand, although it was difficult to judge the extent to which this would offset the expected substantial decline in mining investment and the effect of plan
[2014-01-01] members observed that the major currencies had changed little since the previous board meeting.
[2014-01-01] the outlook for the global economy had been little changed, with the growth of australia's major trading partners forecast to be a little above average in 2014 and 2015.
[2014-01-01] results from the desk's july survey of primary dealers, conducted shortly before the july fomc meeting, indicated that market participants' expectations for the timing of the first increase in the fed
[2014-01-01] in turn, this had led to a decline in spreads on term deposit ‘specials’ relative to equivalent term swap rates.
[2014-01-01] as for the outlook, members shared the view that overseas economies -- mainly advanced economies -- would continue to recover moderately.
[2014-01-01] the proposed changes were intended to allow the committee to obtain additional information about the potential usefulness of on rrp operations for affecting market interest rates when that step become
[2014-01-01] meanwhile, the financial stability risks associated with household imbalances are edging higher.
[2014-01-01] as a result, the exchange rate was offering less assistance than would normally be expected in achieving balanced growth in the economy.
[2014-01-01] However, in the view of at least some members, recent developments had reduced the unwelcome prospect of substantial additional disinflation.
[2014-01-01] the pace of growth in production had been slowing on the whole, reflecting weakness mainly in materials and electricity, although machinery had been firm since shipments overseas had been favorable.
[2014-01-01] against this, credit markets in the euro area remained impaired and any additional stimulus to demand from this source was likely to be limited.
[2014-01-01] the number of participants and the total amount awarded increased over the course of the first five operations.
[2014-01-01] total cpi inflation is evolving broadly as expected, as the pickup in core inflation was largely offset by lower energy prices.
[2014-01-01] with regard to the growth strategy, the government intended to submit over 30 related bills to the diet.
[2014-01-01] Consumer spending firmed somewhat during the first quarter despite the rising unemployment rate and significant financial strains.
[2014-01-01] recent developments are in line with the bank’s expectation of a soft landing in the housing market and stabilizing debt-to-income ratios for households.
[2014-01-01] conditions in the labour market had remained subdued, with members noting that the latest vintage of the labour force survey data, which was released by the abs during the meeting, showed a small rise
[2014-01-01] at the end of 2013, the bank and hm treasury had announced that the terms of the fls extension would refocus the scheme towards business lending in 2014.
[2014-01-01] it remained the case, however, that the actual path of bank rate would reflect economic developments.
[2014-01-01] automakers' production schedules indicated that the pace of light motor vehicle assemblies would increase in the second quarter, and broader indicators of manufacturing production, such as the reading
[2014-01-01] in sum, the bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation in canada.
[2014-01-01] the agreement in december to establish a single resolution board and single resolution fund for euro-area banks might also reduce the prospect of adverse feedback to the wider economy from banking sec
[2014-01-01] bond issuance by domestic corporations generally stayed strong, commercial and industrial loans on banks' books increased by a notable amount late in the fourth quarter, and issuance of leveraged loan
[2014-01-01] recent higher inflation is attributable to the temporary effects of higher energy prices, exchange rate pass-through and other sector-specific shocks, rather than to any change in domestic economic fu
[2014-01-01] over the next two years, inflation is projected to fluctuate around 2 per cent as these temporary effects ease and the downward pressure on inflation from economic slack and heightened retail competit
[2014-01-01] many members said that price rises had been observed not only in energy-related goods but also across a wide range of items, as evidenced by the fact that the year-on-year rate of increase in the cpi
[2014-01-01] the australian government's budget had little effect on financial markets, with sales of commonwealth government securities (cgs) continuing to be well received.
[2014-01-01] members noted that these price developments could be largely explained by increases in supply, although easing demand was also a factor.
[2014-01-01] moreover, they were concerned that, despite the improvement in labor market conditions, the new language might be misinterpreted as indicating increased concern about underutilization of labor resourc
[2014-01-01] one of these members added that this point was particularly important because the period around the year-end and early next year was a critical one when firms formulated business plans and conducted w
[2014-01-01] both imports and exports recovered from weak readings in february, with imports of consumer goods, automotive products, and capital goods rising significantly and exports of capital goods and industri
[2014-01-01] as for prices, excluding the direct effects of the consumption tax hike, producer prices were rising moderately relative to three months earlier.
[2014-01-01] Moreover, in light of the anticipated modest pace of economic recovery, the Committee expects that over coming quarters the unemployment rate will decline only gradually toward its mandate-consistent
[2014-01-01] members noted that the strength in the housing market and data on retail sales, for example, indicated that household consumption growth was likely to have picked up a little from the pace recorded in
[2014-01-01] Financial factors also seemed likely on balance to accommodate continuing growth in consumer spending, in particular the marked increases that had occurred in the value of stock holdings and a still-a
[2014-01-01] longer-term interest rates in the united kingdom, the united states and germany had fallen modestly on the month.
[2014-01-01] gdp growth was expected to have slowed from the strong growth recorded in the march quarter, with export volumes declining following the very strong growth in the march quarter.
[2014-01-01] another possibility was that market-based measures might be assigning considerable weight to less favorable outcomes for the u.s. economy in which the federal funds rate would remain low for quite som
[2014-01-01] however, the bank still expects that the lower canadian dollar and a projected strengthening in global demand will lead to a pickup in canadian exports and business investment and, eventually, a more
[2014-01-01] But you didn’t under the merely adverse scenario, which featured an inflation shock followed by a quick rise in short-term rates.
[2014-01-01] although the fundamental drivers of growth and future inflation appear to be strengthening, inflation is expected to remain well below target for some time, and therefore the downside risks to inflati
[2014-01-01] together with a moderation in the growth of household spending, this is expected to gradually return canada’s economy to a more balanced growth path.
[2014-01-01] in response, some members expressed a more cautious view on the outlook for prices.
[2014-01-01] growth of australia's major trading partners remained consistent with the earlier outlook, with growth early in 2014 around its long-run average.
[2014-01-01] real gdp growth is projected to pick up from 1.8 per cent in 2013 to 2.5 per cent in both 2014 and 2015.
[2014-01-01] however, there have been few signs of the anticipated rebalancing towards exports and business investment.
[2014-01-01] Consumer spending was projected to increase at a rate generally in line with the anticipated rise in disposable income; the favorable effects on household wealth of the advance that had occurred in st
[2014-01-01] while no explicit target was set, the ecb's intention appears to be to expand its balance sheet back to its crisis peak, which would be around 1 trillion euros larger than at present, through a combin
[2014-01-01] moreover, it had held the first meeting of the headquarters for overcoming population decline and vitalizing local economy in japan on september 12, and decided on its basic policies.
[2014-01-01] the improving u.s. outlook is affecting global bond, equity, and currency markets.
[2014-01-01] the latest data received on the domestic economy had evolved much as expected, with further indications that growth had picked up a little over the past two quarters.
[2014-01-01] members contrasted these measures with the actions taken by the us federal reserve at its june meeting, when it again reduced its asset purchases by a further us$10 billion to us$35 billion per month,
[2014-01-01] these participants noted the risk that such cautious attitudes toward hiring could slow the pace at which the unemployment rate normalized.
[2014-01-01] the decline in rates coincided with an appreciable increase in the volume of refinancing activity.
[2014-01-01] Now, members of the Committee have different views about why this is likely to be true, that the funds rate—when the labor market is normalized and inflation is back to our objective—they maybe have s
[2014-01-01] members observed that conditions in financial markets continued to be characterised by low volatility, notwithstanding the heightened geopolitical tensions in ukraine and gaza, as well as the ongoing
[2014-01-01] indeed, private demand could turn out to be stronger than anticipated.
[2014-01-01] the path for inflation is now expected to be lower than previously anticipated for most of the projection period.
[2014-01-01] we expect total cpi inflation will remain close to target throughout the projection, even as upward pressure from energy prices dissipates, because the impact of retail competition will gradually fade
[2014-01-01] the timing and direction of the next change to the policy rate will depend on how new information influences the balance of risks.
[2014-01-01] consequently, the economy is expected to reach full capacity around mid-2016, a little later than anticipated in april.
[2014-01-01] So, we are taking account of international developments, including prospects for growth in our trade partners, in making the forecast we have here.
[2014-01-01] mining investment had declined noticeably to be around 15 per cent below its peak in late 2012, and further substantial falls were anticipated over coming quarters.
[2014-01-01] In their consideration of monetary policy at this meeting, participants reaffirmed that the Federal Reserve was committed to using its full range of tools to support the U. S. economy in this challeng
[2014-01-01] although the outlook remains for stronger momentum in the global economy in 2015 and 2016, the profile is weaker than in july and growth prospects are diverging across regions.
[2014-01-01] it had launched the council for promotion of foreign direct investment in japan on april 25, and confirmed such items as the guidelines based on the report on the expert group meeting on foreign direc
[2014-01-01] Several participants raised concerns regarding the longer-run effects of the pandemic, including how it could lead to a restructuring in some sectors of the economy that could slow employment growth o
[2014-01-01] business fixed investment continued to see movements toward a pick-up, particularly in germany.
[2014-01-01] In their comments about the external sector of the economy, members referred to indications of strengthening economic activity abroad that in conjunction with a weaker dollar was fostering some improv
[2014-01-01] competitiveness challenges continue to weigh on canadian exporters’ ability to benefit from stronger growth abroad.
[2014-01-01] at the council on economic and fiscal policy held on may 15, the prime minister had given instructions to the cabinet to set out in the basic policies a policy for further reform from the perspectives
[2014-01-01] the rate of core inflation fell back in may after a large increase in april owing to the rise in the consumption tax rate.
[2014-01-01] in china and other emerging-market economies growth is expected to be solid, although there are growing concerns about financial vulnerabilities.
[2014-01-01] inflation was running below the committee's longer-run objective, but longer-term inflation expectations were stable.
[2014-01-01] analysis by bank staff suggested that the output gap, while continuing to fall, was estimated to be slightly larger in the second half of the year than had been previously expected.
[2014-01-01] the u.s. dollar has strengthened against other major currencies, including the canadian dollar.
[2014-01-01] growth in the far larger part of the services economy, which has led to low unemployment, good job creation, rising wages, that’s kind of the two big pieces of it that you see.
[2014-01-01] europe’s economy is growing modestly, but inflation remains too low and the nascent recovery could be undermined by risks emanating from the russia-ukraine situation.
[2014-01-01] these participants cited, for example, the still-elevated levels of long-term unemployment and workers employed part time for economic reasons as well as low labor force participation.
[2014-01-01] meanwhile, members reaffirmed that (1) it was extremely important to ensure the credibility of fiscal management; and (2) it was for this reason that they expected the government to steadily promote m
[2014-01-01] the committee is prepared to adjust the details of its approach to policy normalization in light of economic and financial developments.
[2014-01-01] members shared the view that the depreciation of the yen would push up private consumption through wealth effects stemming from the rises in stock prices and the value of external assets; it would als
[2014-01-01] the sharp decline in oil prices weighed on inflation compensation and left a mixed imprint on other asset markets.
[2014-01-01] But to the extent that continues to be the case, that should make it easier to restore price stability.
[2014-01-01] First, the projected rates of productivity gains and potential output growth over the medium term were trimmed.
[2014-01-01] for the inflation target to be achieved on a sustained basis in 2016, the economy must reach and remain at full capacity.
[2014-01-01] this was consistent with both the ongoing increase in iron ore supply and further weakening of the chinese property market, which is an important source of demand for steel.
[2014-01-01] the improvement was reflected not only in a pickup in payroll employment gains and a noticeable decline in the overall unemployment rate, but also in reductions in broader measures of underutilization