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.

Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Low (FEDTARRL) from 2025 to 2027 about projection, federal, 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 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.

Dataset Description

This dataset contains the actual and predicted federal funds target rate for the United States from 1990 to 2023. The federal funds target rate is the interest rate at which depository institutions lend their excess reserves to each other overnight. It is set by the Federal Open Market Committee (FOMC) and is a key tool used by the Federal Reserve to influence the economy.

The dataset includes the following five columns:

Release Date: The date on which the data was released by the Federal Reserve. Time: The time of day at which the data was released. Actual: The actual federal funds target rate. Predicted: The predicted federal funds target rate. Forecast: The forecast federal funds target rate.

Data Usage

This dataset can be used for a variety of purposes, including: - Analyzing trends in the federal funds target rate over time. - Forecasting the future path of the federal funds target rate. - Assessing the effectiveness of monetary policy. - Data Quality

The data for this dataset is of high quality. The Federal Reserve is a reputable source of data and the data is updated regularly.

Data Limitations

The data for this dataset is limited to the United States. Additionally, the data does not include information on the factors that influenced the Federal Open Market Committee's decision to set the federal funds target rate.

It is widely acknowledged that the Fed can control the average inflation rate over a period of time reasonably well. Because of this and the Federal Open Market Committee's (FOMC's) long-standing commitment to price stability, the author argues that the FOMC has an implicit long-run inflation objective (LIO) lower and upper bounds to the long-run inflation rate. He shows that the statements made by the FOMC in 2003 clarified the lower bound of its LIO and that the average of long-run inflation expectations responded by rising about 80 basis points. Moreover, consistent with reducing the market's uncertainty about the FOMC's LIO, long-run inflation expectations became more stable. The FOMC has recently been more specific about the upper bound of its LIO as well. The FOMC could eliminate the remaining uncertainty by establishing an explicit, numerical inflation objective.

Abstract (en): This data collection was used in the book, "Committee Decisions on Monetary Policy: Evidence from Historical Records of the Federal Open Market Committee," by Henry Chappell, Rob Roy McGregor, and Todd Vermilyea, which examined the monetary policy preferences of members of the Federal Reserve's Federal Open Market Committee (FOMC) and the process by which its members' preferences were translated into policy decisions. Chapter 4 Data files related to Chapter 4 of the book are contained in: Ch04WebFiles.zip. See the readme file contained within that zip file for documentation. Chapter 5 All data described in Chapter 5 is subsequently employed in Chapters 6-8. Descriptions are provided below in the sections for those chapters. Chapter 6 Data files related to Chapter 6 are contained in Chapter06_Data_for_Web.zip. See the readme file contained within that zip file for documentation. Many data files for Chapter 6 are the same as those used in Chapter 7. More details are provided below for Chapter 7. Chapter 7 Data and programs for this chapter come from the JMCB article from which the chapter is drawn. Data files related to the JMCB article are contained in: ChappellMcGregorVermilyea_Data_011503.zip. See the JMCB.pdf file contained within that zip file for documentation. Section 7.5.2 of this chapter also uses data describing the order of speaking within meetings. We have used this data more extensively in our working paper, "The Persuasive Power of the Chairman: Arthur Burns and the FOMC." Data for that paper is provided in the: WEA_BeforeAfter_Data_Archive.zip. Chapter 8 Much of the data (and methods) used in Chapter 6 are used again in Chapter 8. Relevant data and program files and documentation are provided in: Chapter08_Data_for Web.zip. Funding insitution(s): National Science Foundation (SBR-9423095, 9422850, 9121941). These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

In January 2000, the Federal Open Market Committee (FOMC) instituted the practice of issuing a "balance of risks" statement along with their policy decision immediately following each FOMC meeting. The authors evaluate the use of the balance-of-risks statement and the market's interpretation of it. They find that the balance-of-risks statement is one of the factors that market participants use to determine the likelihood that the FOMC will adjust its target for the federal funds rate at their next meeting. Moreover, they find that, on some occasions, the FOMC behaved in such a way as to encourage the use of the balance-of-risks statement for this purpose. The clarifying statements that sometimes accompany these balance-of-risks statements, as well as general remarks made by the Chairman and other FOMC members, often provide additional useful information.

Graph and download economic data for FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Central Tendency, Low (JCXFECTL) from 2025 to 2027 about core, projection, PCE, consumption expenditures, consumption, personal, inflation, rate, and USA.

Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High (FEDTARCTHLR) from 2015-06-17 to 2025-06-18 about projection, federal, rate, and USA.

Graph and download economic data for FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median (UNRATEMD) from 2025 to 2027 about projection, civilian, median, unemployment, rate, and USA.

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.

Abstract (en): The purpose of the data is to investigate whether and how financial markets have responded to the change in the Federal Open Market Commission (FOMC) disclosure policy, specifically, whether the policy of immediate disclosure has created an announcement effect and whether the policy of immediate disclosure has increased or reduced financial market uncertainty. (1) The files submitted are ND96DATA.DT and ND96PGM.DT, both in ASCII text format. These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

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 Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-08-13 about federal, interest rate, interest, rate, and USA.

This dataset contains cross-sections of the last observed option quote for each strike of 17 underlyings 30 minutes before and after the Federal Open Market Committee (FOMC) announcement at 13:00 Chicago time (CT) on 18 March 2015. It is extracted from the confidential bulk CBOE OPRA data provided by the Options Price Reporting Authority (OPRA) and is employed to estimate the high-frequency risk-neutral density (RND) of the selected underlyings and examine the intraday changes in these RNDs following the FOMC announcement. This dataset underlies the empirical application on RND extraction of Andersen et al. (Journal of Financial Econometrics, 19(1), 128-177, 2021).

Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Low (UNRATECTLLR) from 2009-02-18 to 2025-06-18 about projection, civilian, unemployment, rate, and USA.

For many years prior to the global financial crisis, the Federal Open Market Committee set a target for the federal funds rate and achieved that target through small purchases and sales of securities in the open market. In the aftermath of the financial crisis, with a superabundant level of reserve balances in the banking system having been created as a result of the Federal Reserve's large-scale asset purchase programs, this approach to implementing monetary policy will no longer work. This paper provides a primer on the Fed's implementation of monetary policy. We use the standard textbook model to illustrate why the approach used by the Federal Reserve before the financial crisis to keep the federal funds rate near the Federal Open Market Committee's target will not work in current circumstances, and explain the approach that the Committee intends to use instead when it decides to begin raising short-term interest rates.

Federal Open Market Committee (FOMC) projections are important because they provide information for evaluating current monetary policy intentions and because they indicate what FOMC members think will be the likely consequence of their policies. Knowing the Fed's objectives, their forecasts, and recent deviations of the economy from the forecasts should be sufficient to understand how the Fed is making monetary policy. Results here show that the Blue Chip consensus forecasts are a good proxy for the FOMC views. For example, they match the policymakers' views as closely as do the Board staff forecasts presented at FOMC meetings. Using alternative forms of the Taylor rule, the authors show that the Blue Chip consensus and the Fed policymakers' forecasts have almost identical implications for the monetary policy process.

FED Interest Rate Decision is made on a predetermined date during the vote among the members of the Federal Open Market Committee (FOMC) concerning the Federal Reserve short-term interest rates to be