This dataset contains the textual data of Federal Reserve FOMC meetings statements and minutes.

Column description

• Date - Date of the FOMC meeting.
• Release Date - Release date of the statement/minutes. Note that minutes are usually released with a ~3 week lag from the meeting date.
• Type - Communication type, either a statement or minutes.
• Text - The text content of each communication release.

Update schedule

This dataset is updated on a weekly basis with new data sourced from the Federal Reserve website.

The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Median (FEDTARMD) from 2025 to 2027 about projection, federal, median, rate, and USA.

Graph and download economic data for Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-07-31 about federal, interest rate, interest, rate, and USA.

The inflation rate in the United States declined significantly between June 2022 and May 2025, despite rising inflationary pressures towards the end of 2024. The peak inflation rate was recorded in June 2022, at *** percent. In August 2023, the Federal Reserve's interest rate hit its highest level during the observed period, at **** percent, and remained unchanged until September 2024, when the Federal Reserve implemented its first rate cut since September 2021. By January 2025, the rate dropped to **** percent, signalling a shift in monetary policy. What is the Federal Reserve interest rate? The Federal Reserve interest rate, or the federal funds rate, is the rate at which banks and credit unions lend to and borrow from each other. It is one of the Federal Reserve's key tools for maintaining strong employment rates, stable prices, and reasonable interest rates. The rate is determined by the Federal Reserve and adjusted eight times a year, though it can be changed through emergency meetings during times of crisis. The Fed doesn't directly control the interest rate but sets a target rate. It then uses open market operations to influence rates toward this target. Ways of measuring inflation Inflation is typically measured using several methods, with the most common being the Consumer Price Index (CPI). The CPI tracks the price of a fixed basket of goods and services over time, providing a measure of the price changes consumers face. At the end of 2023, the CPI in the United States was ****** percent, up from ****** a year earlier. A more business-focused measure is the producer price index (PPI), which represents the costs of firms.

FOMC Meeting Policy Statements Dataset (Year 2000+, updated monthly)

  Overview

This dataset contains the policy statements released by the Federal Open Market Committee (FOMC) following each of its meetings from year 2000 onwords. The FOMC, a component of the U.S. Federal Reserve System, determines monetary policy in the United States. The statements provide insights into the committee’s policy decisions, economic outlook, and forward guidance.

  Background on Policy… See the full description on the dataset page: https://huggingface.co/datasets/Coding-Fish/fomc-statements.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at **** percent at the end of 2023, the European Central Bank deposit rate at **** percent, and the Swiss National Bank policy rate at **** percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to *** percent, the ECB refi rate to **** percent, the Bank of England bank rate to **** percent, and the Swiss National Bank policy rate to **** percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

ECB and FED Speeches

This data contains speeches from European Central Bank (ECB) and Federal Reserve (FED) executives, from 1996 to 2025.

  Mistral OCR

In addition to the text provided by the Bank of International Settlements (BIS), we also added a new textual column derived extracting information from the source PDF files using Mistral's OCR API. Page breaks are identified with the

---[PAGE_BREAK]---

string.

The Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) surveys up to 80 large domestic banks and 24 U.S. branches and agencies of foreign banks. The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee (FOMC). The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on other topics of current interest. The survey results are released on Mondays after the FOMC meeting.

The meeting calendar of the Federal Prevailing Rate Advisory Committee (FPRAC), which studies the prevailing (market) rate system for wages and other matters pertinent to the establishment of prevailing rates. These dates are also announced in the Federal Register.

United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint was 3.25% in January of 2027, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint reached a record high of 5.40 in January of 2023 and a record low of 0.10 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint - last updated from the United States Federal Reserve on July of 2025.

Label Interpretation

LABEL_2: NeutralLABEL_1: HawkishLABEL_0: Dovish

  Citation and Contact Information





  Cite

Please cite our paper if you use any code, data, or models. @inproceedings{shah-etal-2023-trillion, title = "Trillion Dollar Words: A New Financial Dataset, Task {&} Market Analysis", author = "Shah, Agam and Paturi, Suvan and Chava, Sudheer", booktitle = "Proceedings of the 61st Annual Meeting of the Association for… See the full description on the dataset page: https://huggingface.co/datasets/gtfintechlab/fomc_communication.

Textual Time Series Dataset for finetuning / pretraining. Json version of original dataset. Original Dataset : https://www.kaggle.com/datasets/vladtasca/fomc-meeting-statements-and-minutes

United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Meeting, convention, and event planners occupations: 16 years and over was 1170.00000 $ in January of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Meeting, convention, and event planners occupations: 16 years and over reached a record high of 1234.00000 in January of 2023 and a record low of 819.00000 in January of 2012. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Meeting, convention, and event planners occupations: 16 years and over - last updated from the United States Federal Reserve on July of 2025.

Report on operations of the Board during the year. Provides minutes of Federal Open Market Committee meetings, financial statements of the Board and combined financial statements of the Reserve Banks, financial statements for Federal Reserve priced services, information on other services provided by the Reserve Banks, directories of Federal Reserve officials and advisory committees, statistical tables, and maps showing the System's District and Branch boundaries. Also known as Policy Action Summaries.

This package replicates the analysis in the paper "Jumps and Post-FOMC Announcement Returns in Currency Markets" by Suzanne Lee and Minho Wang

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Dataset adapted from original work by Shah et al.

  About Dataset

The dataset is a collection of sentences from FOMC speeches, meeting minutes and press releases (see corresponding paper). A subset of the data has been manually annotated as hawkish, dovish, or neutral.

  Label mapping

LABEL 2: Neutral LABEL 1: Hawkish LABEL 0: Dovish

  Counterfactual generation split

Additionally, for counterfactual generation tasks, we add a custom split with target classes in… See the full description on the dataset page: https://huggingface.co/datasets/TextCEsInFinance/fomc-communication-counterfactual.

The benchmark interest rate in Mexico was last recorded at 8 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hydrographic and Impairment Statistics (HIS) is a National Park Service (NPS) Water Resources Division (WRD) project established to track certain goals created in response to the Government Performance and Results Act of 1993 (GPRA). One water resources management goal established by the Department of the Interior under GRPA requires NPS to track the percent of its managed surface waters that are meeting Clean Water Act (CWA) water quality standards. This goal requires an accurate inventory that spatially quantifies the surface water hydrography that each bureau manages and a procedure to determine and track which waterbodies are or are not meeting water quality standards as outlined by Section 303(d) of the CWA. This project helps meet this DOI GRPA goal by inventorying and monitoring in a geographic information system for the NPS: (1) CWA 303(d) quality impaired waters and causes; and (2) hydrographic statistics based on the United States Geological Survey (USGS) National Hydrography Dataset (NHD). Hydrographic and 303(d) impairment statistics were evaluated based on a combination of 1:24,000 (NHD) and finer scale data (frequently provided by state GIS layers).