TextCEsInFinance/fomc-communication · Datasets at Hugging Face

index int64 0 1.98k	text stringlengths 13 1.05k	year int64 2k 2.02k	label int64 0 2	text_label stringclasses 3 values
1,959	More broadly, post-crisis monetary policy supported asset values, reduced interest payments, and increased both employment and income.	1,997	0	dovish
1,960	While liquid deposits continued to grow slowly, heightened demand for safety and liquidity appeared to boost holdings of retail money market mutual funds.	2,002	1	hawkish
1,961	For the twelve months ended in September, prices of consumer items other than food and energy increased by a considerably smaller amount than in the year- earlier period.	2,007	2	neutral
1,962	In contrast, blue-collar employment fell sharply in most of the other countries.	2,007	0	dovish
1,963	In the context of the Committee's long-run objectives for price stability and sustainable economic growth, and giving careful consider- ation to economic, financial, and monetary developments, a somewhat higher federal funds rate would or a slightly lower federal funds rate might be acceptable in the intermeeting period.	1,996	2	neutral
1,964	Recent data, supported by anecdotal reports from several though not all parts of the country, suggested that residential building activity was slowing somewhat, apparently in lagged response to earlier increases in mortgage interest rates.	2,007	1	hawkish
1,965	A second question is whether moving in this direction would matter much for the conduct of monetary policy in the United States.	2,005	2	neutral
1,966	Moreover, anecdotal evidence suggested that most firms had little ability to raise their prices in the current economic environment.	2,003	1	hawkish
1,967	Many of them expected that inflation was likely to rise gradually over the medium term, as resource slack diminished and inflation expectations remained stable.	2,002	2	neutral
1,968	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 levels.	2,014	0	dovish
1,969	However, core inflation had been subdued in recent months and longer-run inflation expectations remained contained.	1,998	0	dovish
1,970	Employment had risen a little,	2,005	0	dovish
1,971	In the staff forecast prepared for this meeting, the economy was seen as likely to expand at a pace a little above that of its longer-run potential over this year and next, while hiring was expected to firm some more, resulting in a further decrease in the unemployment rate.	1,996	1	hawkish
1,972	Several participants discussed the possible complications that additional purchases could cause for the eventual withdrawal of policy accommodation, a few mentioned the prospect of inflationary risks, and some noted that further asset purchases could foster market behavior that could undermine financial stability.	2,010	1	hawkish
1,973	In their discussion of inflation developments, participants noted that readings on overall and core PCE inflation, measured on a 12-month change basis, had continued to run below the Committee's symmetric 2 percent objective.	2,021	0	dovish
1,974	It will likely take even longer than that for the unemployment rate to return to a level consistent with our maximum-employment mandate.	2,000	0	dovish
1,975	And, and some of the answer to that may be price.	2,015	2	neutral
1,976	A couple of participants thought it premature to focus on this latter eventuality, observing that the purchase program had been effective and that more time was needed to assess the outlook for the labor market and inflation; moreover, international comparisons suggested that the Federal Reserve's balance sheet retained ample capacity relative to the scale of the U. S. economy.	2,019	2	neutral
1,977	A more-timely data source, average hourly earnings, decelerated slightly to a 4.4 percent annual rate over the third quarter, down from 4.6 percent annual growth in the second quarter.	2,004	2	neutral
1,978	The recent rebound in oil prices contributed to a strong appreciation of the Canadian dollar, the Brazilian real, and the Mexican peso.	2,019	1	hawkish
1,979	Consumer price inflation, as measured by the 12-month percentage change in the price index for personal consumption expenditures (PCE), was below 2 percent in July.	2,012	0	dovish
1,980	We said that we expect to maintain an accommodative stance of monetary policy until these outcomesâ€”as well as our maximum-employment mandateâ€”are achieved, and also that we expect it will be appropriate to maintain the current 0 to 1/4 percent target range for the federal funds rate until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment, until inflation has risen to 2 percent, and until inflation is on track to moderately exceed 2 percent for some time.	2,003	0	dovish
1,981	Increased rates and a smaller balance sheet raise the cost of borrowing and thus reduce household and business demand.	2,019	2	neutral
1,982	Participants judged that an appropriate firming of the stance of monetary policy, along with an eventual waning of supply–demand imbalances, would help to keep longer-term inflation expectations anchored and bring inflation down over time to levels consistent with the Committee's 2 percent longer-run goal.	2,011	1	hawkish
1,983	However, investor demand for high-quality commercial mortgage-backed securities (CMBS) reportedly was robust, although issuance of CMBS remained muted.	2,014	1	hawkish

1,959

More broadly, post-crisis monetary policy supported asset values, reduced interest payments, and increased both employment and income.

1,997

0

dovish

1,960

While liquid deposits continued to grow slowly, heightened demand for safety and liquidity appeared to boost holdings of retail money market mutual funds.

2,002

1

hawkish

1,961

For the twelve months ended in September, prices of consumer items other than food and energy increased by a considerably smaller amount than in the year- earlier period.

2,007

2

neutral

1,962

In contrast, blue-collar employment fell sharply in most of the other countries.

2,007

0

dovish

1,963

In the context of the Committee's long-run objectives for price stability and sustainable economic growth, and giving careful consider- ation to economic, financial, and monetary developments, a somewhat higher federal funds rate would or a slightly lower federal funds rate might be acceptable in the intermeeting period.

1,996

2

neutral

1,964

Recent data, supported by anecdotal reports from several though not all parts of the country, suggested that residential building activity was slowing somewhat, apparently in lagged response to earlier increases in mortgage interest rates.

2,007

1

hawkish

1,965

A second question is whether moving in this direction would matter much for the conduct of monetary policy in the United States.

2,005

2

neutral

1,966

Moreover, anecdotal evidence suggested that most firms had little ability to raise their prices in the current economic environment.

2,003

1

hawkish

1,967

Many of them expected that inflation was likely to rise gradually over the medium term, as resource slack diminished and inflation expectations remained stable.

2,002

2

neutral

1,968

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 levels.

2,014

0

dovish

1,969

However, core inflation had been subdued in recent months and longer-run inflation expectations remained contained.

1,998

0

dovish

1,970

Employment had risen a little,

2,005

0

dovish

1,971

In the staff forecast prepared for this meeting, the economy was seen as likely to expand at a pace a little above that of its longer-run potential over this year and next, while hiring was expected to firm some more, resulting in a further decrease in the unemployment rate.

1,996

1

hawkish

1,972

Several participants discussed the possible complications that additional purchases could cause for the eventual withdrawal of policy accommodation, a few mentioned the prospect of inflationary risks, and some noted that further asset purchases could foster market behavior that could undermine financial stability.

2,010

1

hawkish

1,973

In their discussion of inflation developments, participants noted that readings on overall and core PCE inflation, measured on a 12-month change basis, had continued to run below the Committee's symmetric 2 percent objective.

2,021

0

dovish

1,974

It will likely take even longer than that for the unemployment rate to return to a level consistent with our maximum-employment mandate.

2,000

0

dovish

1,975

And, and some of the answer to that may be price.

2,015

2

neutral

1,976

A couple of participants thought it premature to focus on this latter eventuality, observing that the purchase program had been effective and that more time was needed to assess the outlook for the labor market and inflation; moreover, international comparisons suggested that the Federal Reserve's balance sheet retained ample capacity relative to the scale of the U. S. economy.

2,019

2

neutral

1,977

A more-timely data source, average hourly earnings, decelerated slightly to a 4.4 percent annual rate over the third quarter, down from 4.6 percent annual growth in the second quarter.

2,004

2

neutral

1,978

The recent rebound in oil prices contributed to a strong appreciation of the Canadian dollar, the Brazilian real, and the Mexican peso.

2,019

1

hawkish

1,979

Consumer price inflation, as measured by the 12-month percentage change in the price index for personal consumption expenditures (PCE), was below 2 percent in July.

2,012

0

dovish

1,980

We said that we expect to maintain an accommodative stance of monetary policy until these outcomesâ€”as well as our maximum-employment mandateâ€”are achieved, and also that we expect it will be appropriate to maintain the current 0 to 1/4 percent target range for the federal funds rate until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment, until inflation has risen to 2 percent, and until inflation is on track to moderately exceed 2 percent for some time.

2,003

0

dovish

1,981

Increased rates and a smaller balance sheet raise the cost of borrowing and thus reduce household and business demand.

2,019

2

neutral

1,982

Participants judged that an appropriate firming of the stance of monetary policy, along with an eventual waning of supply–demand imbalances, would help to keep longer-term inflation expectations anchored and bring inflation down over time to levels consistent with the Committee's 2 percent longer-run goal.

2,011

1

hawkish

1,983

However, investor demand for high-quality commercial mortgage-backed securities (CMBS) reportedly was robust, although issuance of CMBS remained muted.

2,014

1

hawkish