This dataset contains the text from Federal Reserve FOMC (Federal Open Market Committee) meeting minutes and statements, collected by scraping the Federal Reserve's website. The data spans a specific period of time, providing insights into the central bank's monetary policy decisions and discussions.

Content

The dataset consists of the following columns:

• Date: The date of the FOMC meeting or statement release in the format YYYYMMDD.
• Type: Indicator for the type of document. 0 represents a statement, while 1 represents meeting minutes.
• Text: The text content of each paragraph in the meeting minutes or statements.

Acknowledgements

The data is collected from the official Federal Reserve website (https://www.federalreserve.gov) using a custom Python scraper built with BeautifulSoup.

Inspiration

This dataset can be used for various purposes, such as:

1. Analyzing the sentiment and tone of FOMC meeting minutes and statements over time.
2. Identifying key phrases and words that indicate changes in monetary policy.
3. Developing natural language processing models to predict future policy decisions based on historical data.
4. Investigating the relationship between FOMC meeting minutes/statements and financial market reactions.

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.

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.

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.

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.