The benchmark interest rate in the United States was last recorded at 4 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.

FOMC Meeting Statements & Minutes

This repository automatically scrapes and aggregates the Federal Reserve FOMC meeting statements and minutes - creating a dataset that enables tracking US monetary policy changes through time. It works by polling the website of the U.S. Federal Reserve on a periodic basis and scraping the new statements and minutes as they become available. The scraper runs in a scheduled GitHub Actions workflow, which is available here. The dataset begins in the… See the full description on the dataset page: https://huggingface.co/datasets/vtasca/fomc-statements-minutes.

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.

🏛️ Federal Reserve Document Scraper

1. Dataset description

This repository contains code for downloading and organizing Federal Reserve documents from the official Federal Reserve Board website.

These files were used as part of my NLP project. While collecting data, my data collection code is inspired by centralbank_analysis by yukit-k. However, that implementation had some limitations:

❌ Incomplete handling of newer HTML structures on the Fed website

❌ No support for Greenbook/Tealbook files

❌ File naming and folder structure not ideal for downstream processing

❌ No handling of failed downloads or noisy formatting

So I made som key Improvements:

✅ Supports both Greenbook and Minutes. You can choose which type to download

✅ Automatic directory organization. Files are saved using a consistent format as:

FOMC_[document type]_YYYY-MM-DD

✅ Duplicate check & resume support: Prevents redundant downloads and handles broken links gracefully

✅ Modular and extensible codebase Easy to extend for other Fed documents (e.g., SEP, transcripts)

2. Data detail

This repository contains modules for downloading and processing various official publications of the Federal Open Market Committee (FOMC). These documents, produced and released by the Federal Reserve, provide detailed insight into U.S. monetary policy formation, communication, and economic analysis over time.

Below is a reference guide to the major FOMC document types represented in this repository.

📅 FomcAgenda.py – Meeting Agendas

Agendas are created by the FOMC Secretariat in coordination with the Chair and outline the topics of discussion for each meeting, including standard items (e.g., open market operations, economic outlook) and special topics. Participants receive the agenda about one week in advance.

📄 FomcStatement.py – Policy Statements

FOMC statements are brief summaries of monetary policy decisions released immediately after each meeting. These statements have become a key communication tool since 1994 and are now issued after every scheduled meeting, even if policy remains unchanged.

📝 FomcMinutes.py – Meeting Minutes

Minutes provide a concise, narrative summary of policy discussions and rationales. Since 2004, they are released three weeks after each meeting. The minutes include details on voting outcomes and dissenting views, and are eventually included in the Fed’s Annual Report.

🧾 FomcPresConfScript.py – Press Conference Transcripts

Beginning in 2011, the Fed Chair has held press conferences following certain FOMC meetings. These transcripts document the Chair’s remarks and responses to journalists, offering additional context and forward guidance. Released shortly after the meeting.

🗣️ FomcMeetingScript.py – Meeting Transcripts

Verbatim transcripts of FOMC meetings, produced from audio recordings and lightly edited for readability. They are released with a 5-year delay. For meetings prior to 1994, transcripts were reconstructed from raw records and may contain transcription uncertainties.

📚 FomcGreenbook.py – Greenbook (1964–2010)

The Greenbook, officially titled Current Economic and Financial Conditions, was prepared by Board staff and delivered to FOMC members six days before each meeting. It provided forecasts, data analyses, and economic outlooks.

Part 1: Summary and forecast

Part 2: Detailed breakdowns

Supplement: Late-breaking updates

📘 FomcBlueBook.py – Bluebook (1965–2010)

The Bluebook, titled Monetary Policy Alternatives, outlined potential policy options and risks. It was distributed shortly after the Greenbook and informed FOMC decisions. The document evolved from earlier versions like Money Market and Reserve Relationships.

🧠 FomcTealbook.py – Tealbook (2010–Present)

The Tealbook replaced both the Greenbook and Bluebook in June 2010. It is split into two parts:

Tealbook A: Current Situation and Outlook — Forecasts and financial developments

Tealbook B: Strategies and Alternatives — Policy options and simulations

Both are released with a 5-year lag.

📙 FomcBeigeBook.py – Beige Book

The Beige Book, published eight times a year, summarizes anecdotal economic conditions across the 12 Federal Reserve Districts. Based on business surveys, interviews, and internal reports, it is released ~two weeks before each meeting.

🧾 FomcTestimony.py – Testimony before Congress

This includes the Chair’s Semiannual Monetary Policy Report to Congress and other testimonies. These communications explain the Fed’s outlook and policies directly to lawmakers and the public.

📚 References

Federal Reserve – FOMC Archive

Wikipedia – Federal Open Market Committee

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.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 benchmark interest rate in the United Kingdom was last recorded at 4 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Indonesia was last recorded at 4.75 percent. This dataset provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Mexico was last recorded at 7.25 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The data show what are basically frequency distributions of interest rate projections by members of the Federal Open Market Committee (FOMC). The twelve FOMC members vote on (and determine) the federal funds rate, but they also give their projections for future federal funds rates. The projections fall into the ranges given in the first column. Then the projection counts are tallied by current and future FOMC meeting months.

The following is from the Fed FOMC member projections website: https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20230920.htm

Each participant's projections are based on his or her assessment of appropriate monetary policy. Longer-run projections represent each participant's assessment of the rate to which each variable would be expected to converge under appropriate monetary policy and in the absence of further shocks to the economy. The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run.

The benchmark interest rate in Pakistan was last recorded at 11 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Turkey was last recorded at 39.50 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Russia was last recorded at 16.50 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Sweden was last recorded at 1.75 percent. This dataset provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Switzerland was last recorded at 0 percent. This dataset provides - Switzerland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Thailand was last recorded at 1.50 percent. This dataset provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Brazil was last recorded at 15 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.