yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2016-09-21] Foreign real GDP growth slowed noticeably in the second quarter, primarily owing to contractions in Canada and Mexico; economic growth in other foreign economies fell only slightly on average. Wildfir
[2016-09-21] Jeffrey M. Lacker, Dennis P. Lockhart, and John C. Williams, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2016-09-21] Staff Review of the Economic Situation The information reviewed for the September 20-21 meeting indicated that labor market conditions strengthened in recent months and that real gross domestic produc
[2016-09-21] Members continued to expect inflation to remain low in the near term, but most anticipated that, with gradual adjustments in the stance of monetary policy, it would rise gradually to the Committee's 2
[2016-09-21] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors
[2016-09-21] Nominal Treasury yields increased moderately, on net, since the July FOMC meeting, reflecting the slight upward revision in the expected path for the federal funds rate and a rise in global bond yield
[2016-09-21] Mark A. Gould, First Vice President, Federal Reserve Bank of San Francisco
[2016-09-21] Developments in Financial Markets and Open Market Operations The manager reported on developments in financial markets during the period since the Committee met on July 26-27, 2016. Over much of the p
[2016-09-21] Total nonfarm payroll employment expanded strongly, on average, in July and August. The unemployment rate remained at 4.9 percent in recent months. Both the labor force participation rate and the empl
[2016-09-21] The forecast for consumer price inflation was essentially unchanged from the previous projection. The staff continued to project that inflation would increase over the next several years, as food and
[2016-09-21] Thomas D. Tallarini, Jr., Assistant Vice President, Federal Reserve Bank of Minneapolis
[2016-09-21] Elizabeth Klee and Jason Wu, Assistant Directors, Division of Monetary Affairs, Board of Governors; Shane M. Sherlund, Assistant Director, Division of Research and Statistics, Board of Governors; Paul
[2016-09-21] Participants discussed reasons for the apparent fall over recent years in the neutral real rate of interest--or r*--including lower productivity growth, demographic shifts, and an excess of saving aro
[2016-09-21] Global risk asset prices broadly increased amid improving sentiment among investors and low volatility. Capital flows to EMEs continued, and sovereign debt spreads in these economies and corporate bon
[2016-09-21] Ms. Mester noted that the economy had made considerable progress on the Committee's statutory goals, the outlook for continued progress had been corroborated by recent economic developments, and risks
[2016-09-21] 4. The approved Foreign Authorization and Foreign Directive are included in these minutes. The approved Rules of Organization and Rules of Procedure, as well as other Committee organizational document
[2016-09-21] 2. Attended through the discussion on financial developments and open market operations. Return to text
[2016-09-21] 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, Septemb
[2016-09-21] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, November 1-2, 2016. The meeting adjourned at 10:45 a.m. on September 21, 2016.
[2016-09-21] 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
[2016-09-21] 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
[2016-09-21] Paul Dozier,2 Senior Financial Analyst, Division of International Finance, Board of Governors
[2016-09-21] The unemployment rates for African Americans and for Hispanics remained above the rate for whites, al­though the differentials in jobless rates across these groups were similar to those before the mos
[2016-09-21] After assessing the outlook for economic activity, the labor market, and inflation, as well as the risks around that outlook, the Committee decided to maintain the target range for the federal funds r
[2016-09-21] Mses. George and Mester and Mr. Rosengren dissented because they preferred to increase the target range for the federal funds rate by 25 basis points at this meeting.
[2016-09-21] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2016-09-21] Robert deV. Frierson, Secretary of the Board, Office of the Secretary, Board of Governors
[2016-09-21] The U.S. international trade deficit widened in June before narrowing substantially in July. Exports increased in both months, with strong growth in July driven by higher agricultural exports. After r
[2016-09-21] "Effective September 22, 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 pe
[2016-09-21] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Michael Held, Deputy General Counsel Richard M. Ashton, As
[2016-09-21] Announcements by foreign central banks garnered investor attention and contributed to somewhat higher asset price volatility later in the period. The European Central Bank left its policy rates and as
[2016-09-21] Minutes of the Federal Open Market Committee September 20-21, 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
[2016-09-21] Comments by a number of Federal Reserve officials over the intermeeting period were interpreted by market participants as raising the odds on policy firming by the end of this year. However, domestic
[2016-09-21] Charles L. Evans, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2016-09-21] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, econ
[2016-09-21] Sophia H. Allison,2 Special Counsel, Legal Division, Board of Governors
[2016-09-21] Gross issuance of municipal bonds in July and August was strong, credit quality remained stable, and yields on municipal bonds edged down. Although Puerto Rico missed a small debt payment due on Augus
[2016-09-21] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Jerome H. Powell; and Daniel K. Tarullo. Votin
[2016-09-21] Staff Review of Financial Situation Domestic financial conditions remained accommodative since the July FOMC meeting. Asset prices moved within a fairly narrow range for much of the intermeeting perio
[2016-09-21] Broad stock price indexes moved down, on net, since the July FOMC meeting. Realized and implied volatilities in various asset markets were relatively low during most of the intermeeting period but inc
[2016-09-21] Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate
[2016-09-21] Eric M. Engen, Joshua Gallin, and Michael G. Palumbo, Senior Associate Directors, Division of Research and Statistics, Board of Governors
[2016-09-21] In their discussion of the economic situation and the outlook, participants agreed that information received over the intermeeting period suggested that the labor market had continued to strengthen an
[2016-09-21] Real private expenditures for business equipment and intellectual property appeared to be rising slowly in the third quarter. Nominal shipments of nondefense capital goods excluding aircraft declined
[2016-09-21] Antulio N. Bomfim, Ellen E. Meade, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors
[2016-09-21] Thomas A. Connors, Troy Davig, Michael P. Leahy, Stephen A. Meyer, Ellis W. Tallman, Geoffrey Tootell, and William Wascher, Associate Economists
[2016-09-21] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors took no action to change the interest rates on reserves or discount rate
[2016-09-21] 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
[2016-09-21] Participants generally expected that, with gradual adjustments in the stance of monetary policy, economic activity would expand at a moderate pace and labor market conditions would strengthen somewhat
[2016-09-21] In their discussion of the outlook, participants considered the likelihood of, and the potential benefits and costs associated with, a more pronounced undershooting of the longer-run normal rate of un
[2016-09-21] Members generally acknowledged that labor market conditions had improved appreciably over the past year, evidenced in particular by the solid pace of monthly payroll employment gains. Some of them not
[2016-09-21] The Committee was also briefed on planned revisions to the policies of the Open Market Desk on counterparties for domestic and foreign open market operations. The proposal was intended in part to crea
[2016-09-21] Voting against this action: Esther L. George, Loretta J. Mester, and Eric Rosengren.
[2016-09-21] 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 risks to the forecast for real GDP
[2016-09-21] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2016-09-21] 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
[2016-09-21] AUTHORIZATION FOR FOREIGN CURRENCY OPERATIONS (As amended effective September 20, 2016)
[2016-09-21] Michael T. Kiley, Senior Associate Director, Division of Financial Stability, and Senior Adviser, Division of Research and Statistics, Board of Governors
[2016-09-21] Notation Vote By notation vote completed on August 16, 2016, the Committee unanimously approved the minutes of the Committee meeting held on July 26-27, 2016.
[2016-09-21] Revisions to Documents Governing Foreign Currency Operations The manager of the System Open Market Account (SOMA) briefed the Committee on a staff proposal to revise the documents governing the System
[2016-09-21] The Committee agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, it would assess realized and expected economic conditions relative t
[2016-09-21] David Andolfatto, Vice President, Federal Reserve Bank of St. Louis
[2016-09-21] Against the backdrop of their economic projections, participants discussed whether available information warranted taking another step to reduce policy accommodation at this meeting. Participants gene
[2016-09-21] James A. Clouse, Deputy Director, Division of Monetary Affairs, Board of Governors; Maryann F. Hunter, Deputy Director, Division of Banking Supervision and Regulation, Board of Governors
[2016-09-21] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2016-09-21] Total industrial production rose slightly, on net, in July and August. The output of the mining sector increased since April after having trended down from late 2014. Manufacturing production was unch
[2016-09-21] RECIPROCAL CURRENCY ARRANGEMENTS, AND STANDING DOLLAR AND FOREIGN CURRENCY LIQUIDITY SWAPS
[2016-09-21] Global financial conditions had improved somewhat in recent months. However, participants noted that economic growth in many foreign economies remained subdued, and inflation rates abroad generally co
[2016-09-21] 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
[2016-09-21] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2016-09-21] Recent readings on headline and core PCE price inflation had come in about as expected, and participants continued to anticipate that headline inflation would rise over the medium term to the Committe
[2016-09-21] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Jerome H. Powell, and Daniel K. Tarullo.
[2016-09-21] Selection of Committee Officer By unanimous vote, the Committee selected Michael Held to serve as deputy general counsel, effective September 20, 2016, until the selection of his successor at the firs
[2016-10-12] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2016-10-12] Minutes of the Federal Open Market Committee September 20-21, 2016: HTML | PDF
[2016-10-12] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 20-21, 2016. A summary of economic projections mad
[2016-10-12] 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
[2016-10-13] 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.
[2016-10-13] 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
[2016-10-13] On October 20, 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
[2016-10-13] Notification Participants will be able to view their awards by accessing the Term Deposit Facility application.
[2016-10-13] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2016-10-13] 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
[2016-10-13] 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
[2016-10-13] The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in October. These operations are aimed at ensuring the operational
[2016-10-13] 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).
[2016-10-13] 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
[2016-10-18] The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for August 29 and September 19, 2016.
[2016-10-20] The awarded deposits will settle on October 20, 2016, and will mature on October 27, 2016. The operation effective rate will apply to all awarded deposits.
[2016-10-20] On October 20, 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
[2016-11-02] In the discussion that followed the staff presentations, policymakers agreed that decisions regarding the long-run implementation framework were not necessary at this time. They indicated that the cur
[2016-11-02] The staff noted that if the long-run implementation framework was such that the supply of reserve balances was quite abundant, then operational tools that help establish a floor under short-term inter
[2016-11-02] Meeting participants commented on the advantages of using an approach to policy implementation in which active management of the supply of reserves would not be required. Such an approach could be com
[2016-11-02] 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
[2016-11-02] Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest
[2016-11-02] Staff Review of the Economic Situation The information reviewed for the November 1-2 meeting indicated that real gross domestic product (GDP) expanded at a faster pace in the third quarter than in the
[2016-11-02] Financing conditions in the residential mortgage market were little changed since the September FOMC meeting, and credit remained readily available for most borrowers. Interest rates on 30-year fixed-
[2016-11-02] Anthony Murphy, Economic Policy Advisor, Federal Reserve Bank of Dallas
[2016-11-02] Long-Run Monetary Policy Implementation Framework Committee participants continued their discussion of potential long-run frameworks for monetary policy implementation, a topic last discussed at the J
[2016-11-02] The near-term forecast for consumer price inflation was somewhat higher than in the previous projection, reflecting incoming data on core prices and energy prices. Beyond the near term, the inflation
[2016-11-02] Notation Vote By notation vote completed on October 11, 2016, the Committee unanimously approved the minutes of the Committee meeting held on September 20-21, 2016.
[2016-11-02] In the municipal bond market, gross issuance of bonds was brisk and yields on general obligation bonds, on balance, edged up. The credit quality of state and local governments was generally stable.
[2016-11-02] The credit quality of nonfinancial corporations, which had deteriorated somewhat over the past few quarters, continued to show signs of stabilization. The volume of bond downgrades only slightly outpa
[2016-11-02] David Altig, Ron Feldman,3 Jeff Fuhrer, Beverly Hirtle, Glenn D. Rudebusch, and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Minneapolis, Boston, New York, San Fran
[2016-11-02] Margie Shanks, Deputy Secretary, Office of the Secretary, Board of Governors
[2016-11-02] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2016-11-02] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Jerome H. Powell; Eric Rosengren; and Daniel K
[2016-11-02] Eric M. Engen and Michael G. Palumbo, Senior Associate Directors, Division of Research and Statistics, Board of Governors; Gretchen C. Weinbach,3 Senior Associate Director, Division of Monetary Affair
[2016-11-02] Participants noted that although real GDP growth in the third quarter was appreciably above the slow pace of the first half, it had been boosted in part by transitory factors, including a surge in agr
[2016-11-02] Nominal Treasury yields edged up, on net, since the September FOMC meeting. Yields declined early in the period following the September FOMC communications and amid concerns about developments potenti
[2016-11-02] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2016-11-02] Readings on headline and core PCE price inflation had come in somewhat higher than expected in recent months. Participants generally regarded this as a positive development, consistent with headline i
[2016-11-02] Ms. George judged that, with the labor market near full employment and inflation approaching the Committee's 2 percent objective, another step in the gradual adjustment of monetary policy was appropri
[2016-11-02] The unemployment rates for African Americans and for Hispanics remained above the rate for whites but were close to the levels seen just prior to the most recent recession. The labor force participati
[2016-11-02] Jane E. Ihrig3 and David López-Salido,3 Associate Directors, Division of Monetary Affairs, Board of Governors; John J. Stevens, Associate Director, Division of Research and Statistics, Board of Govern
[2016-11-02] Charles L. Evans, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2016-11-02] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2016-11-02] James M. Lyon, First Vice President, Federal Reserve Bank of Minneapolis
[2016-11-02] Ms. Mester judged that the economy was essentially at full employment in terms of what can be achieved through monetary policy. The unemployment rate was at her estimate of its longer-run normal level
[2016-11-02] "Effective November 3, 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 perc
[2016-11-02] In connection with the participants' discussion of the long-run monetary policy implementation framework, many participants noted that the Committee's broader monetary policy strategy needed both to b
[2016-11-02] Real private expenditures for business equipment and intellectual property were about flat in the third quarter. New orders for nondefense capital goods excluding aircraft were little changed over Aug
[2016-11-02] In its latest report on potential risks to the stability of the U.S. financial system, the staff continued to judge that overall vulnerabilities remained moderate. Vulnerabilities associated with matu
[2016-11-02] Federal Reserve communications immediately following the September meeting, notably the Summary of Economic Projections, were interpreted by market participants as slightly more accommodative than exp
[2016-11-02] Eric C. Engstrom, Adviser, Division of Monetary Affairs, and Adviser, Division of Research and Statistics, Board of Governors
[2016-11-02] Many participants commented on the rise in the labor force participation rate since late 2015. A few of them noted that the increase had largely reflected a diminution in the flow of individuals leavi
[2016-11-02] 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
[2016-11-02] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2016-11-02] 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
[2016-11-02] Voting against this action: Esther L. George and Loretta J. Mester.
[2016-11-02] Andrew Figura, Joseph W. Gruber, and Ann McKeehan, Special Advisers to the Board, Office of Board Members, Board of Governors
[2016-11-02] Real federal purchases increased in the third quarter, as defense expenditures turned up and nondefense spending continued to rise. Real state and local government purchases decreased, reflecting a de