license: mit
task_categories:
- text-classification
- text-generation
- sentence-similarity
- summarization
language:
- en
tags:
- finance
- FOMC
pretty_name: FOMC Statements
size_categories:
- n<1K
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 Statements
The FOMC first announced the outcome of a meeting in February 1994. After making several further post-meeting statements in 1994, the Committee formally announced in February 1995 that all changes in the stance of monetary policy would be immediately communicated to the public. In January 2000, the Committee announced that it would issue a statement following each regularly scheduled meeting, regardless of whether there had been a change in monetary policy.
Data Description
Each entry in the dataset represents an FOMC policy statement released after a meeting. The dataset includes the following fields:
Date: The date on which the statement was released.
Text: The full text of the policy statement.
Chair: The Chair of the Federal Reserve at the time of the statement.
Source
The data has been sourced from official Federal Reserve publications, specifically from:
The Federal Reserve Board’s website (https://www.federalreserve.gov/)
The FOMC Press Releases and Statements section (https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)
Usage
This dataset can be used for various types of analyses, including but not limited to:
Natural Language Processing (NLP): Sentiment analysis, topic modeling, and text classification.
Financial Market Analysis: Studying the impact of policy statements on financial markets.
Macroeconomic Research: Understanding the evolution of monetary policy decisions over time.
Licensing
This dataset is provided for research and educational purposes. The original statements are publicly available from the Federal Reserve’s website. Users should ensure compliance with any applicable terms of use.