id
stringlengths 5
8
| query
stringlengths 316
1.35k
| answer
stringclasses 3
values | text
stringlengths 13
1.05k
| choices
stringclasses 1
value | gold
int64 0
2
|
|---|---|---|---|---|---|
fomc139 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Between the end of July and the FOMC's September meeting, we will get two employment and CPI reports with data for July and August.
Answer: | neutral | Between the end of July and the FOMC's September meeting, we will get two employment and CPI reports with data for July and August. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc119 | Scrutinize the sentence provided from a central bank's press release. Determine it as HAWKISH if it proposes a tightening of monetary policy, DOVISH if it discloses an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Both total and core inflation were projected to move up slightly next year, as the low readings early this year were expected to be transitory, but nevertheless to continue to run below 2 percent.
Answer: | dovish | Both total and core inflation were projected to move up slightly next year, as the low readings early this year were expected to be transitory, but nevertheless to continue to run below 2 percent. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc94 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: But, certainly, we’ve had a lot of years in which interest rates have been low.
Answer: | neutral | But, certainly, we’ve had a lot of years in which interest rates have been low. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1092 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: While participants viewed the downside risks to their forecasts of economic activity over the projection period as having diminished, their assessment of the most likely outcomes for economic activity and inflation over the projection period was not greatly changed.
Answer: | neutral | While participants viewed the downside risks to their forecasts of economic activity over the projection period as having diminished, their assessment of the most likely outcomes for economic activity and inflation over the projection period was not greatly changed. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc494 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Major stock price indexes were up a bit over the intermeeting period, as positive first-quarter earnings reports more than offset the negative effects of higher energy prices and rising interest rates.
Answer: | hawkish | Major stock price indexes were up a bit over the intermeeting period, as positive first-quarter earnings reports more than offset the negative effects of higher energy prices and rising interest rates. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc263 | Study the sentence below from a central bank's briefing. Categorize it as HAWKISH if it promotes a tightening of monetary policy, DOVISH if it represents an easing of monetary policy, or NEUTRAL if the stance is nonpartisan. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: However, other participants noted that the continued subdued trend in wages was evidence of an absence of upward pressure on inflation from the current level of resource utilization.
Answer: | dovish | However, other participants noted that the continued subdued trend in wages was evidence of an absence of upward pressure on inflation from the current level of resource utilization. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc385 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Implications of Economic Theory I am going to assert some conclusions based on economic theory that help to understand the potential for monetary policy to achieve these objectives and the consistency among them.
Answer: | neutral | Implications of Economic Theory I am going to assert some conclusions based on economic theory that help to understand the potential for monetary policy to achieve these objectives and the consistency among them. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1007 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: the new statement maintains our definition that the longer-run goal for inflation is 2 percent, it elevates the importance—and the challenge—of keeping inflation expectations well anchored at 2 percent in a world in which an effective-lower-bound constraint is, in downturns, binding on the federal funds rate.
Answer: | neutral | the new statement maintains our definition that the longer-run goal for inflation is 2 percent, it elevates the importance—and the challenge—of keeping inflation expectations well anchored at 2 percent in a world in which an effective-lower-bound constraint is, in downturns, binding on the federal funds rate. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc717 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Prominent among these risks were a possible intensification of strains in the euro zone, with potential spillovers to U. S. financial markets and institutions and thus to the broader U. S. economy; a larger-than-expected U. S. fiscal tightening; and the possibility of a further slowdown in global economic growth.
Answer: | dovish | Prominent among these risks were a possible intensification of strains in the euro zone, with potential spillovers to U. S. financial markets and institutions and thus to the broader U. S. economy; a larger-than-expected U. S. fiscal tightening; and the possibility of a further slowdown in global economic growth. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc163 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: But speculators rarely succeed in dislodging an exchange rate that is firmly rooted in compatible policies and cost structures.
Answer: | neutral | But speculators rarely succeed in dislodging an exchange rate that is firmly rooted in compatible policies and cost structures. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc391 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In their discussion of considerations related to asset purchases, various participants noted that these purchases were an important part of the monetary policy toolkit and a critical aspect of the Federal Reserve's response to the economic effects of the pandemic, supporting smooth financial market functioning and accommodative financial conditions, which aided the flow of credit to households and businesses and supported the recovery.
Answer: | dovish | In their discussion of considerations related to asset purchases, various participants noted that these purchases were an important part of the monetary policy toolkit and a critical aspect of the Federal Reserve's response to the economic effects of the pandemic, supporting smooth financial market functioning and accommodative financial conditions, which aided the flow of credit to households and businesses and supported the recovery. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc308 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: From the end of 2000 to the end of 2003, productivity rose at a 3-1/2 percent annual rate and, even after recent downward revisions to the data, it is estimated to have increased at an average annual rate of 2-1/4 percent since the end of 2003.
Answer: | neutral | From the end of 2000 to the end of 2003, productivity rose at a 3-1/2 percent annual rate and, even after recent downward revisions to the data, it is estimated to have increased at an average annual rate of 2-1/4 percent since the end of 2003. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc764 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Several participants noted the increase in agricultural crop prices over 2020 and the associated improvement in farm revenues.
Answer: | neutral | Several participants noted the increase in agricultural crop prices over 2020 and the associated improvement in farm revenues. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1081 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: While a preemptive tightening move might be warranted in the not-too-distant future to help contain inflationary pressures in the economy, these members believed that a symmetrical directive would best convey the message that no tightening action was contemplated for the weeks immediately ahead.
Answer: | hawkish | While a preemptive tightening move might be warranted in the not-too-distant future to help contain inflationary pressures in the economy, these members believed that a symmetrical directive would best convey the message that no tightening action was contemplated for the weeks immediately ahead. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc737 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Recent increases in house prices and equity prices were positives,
Answer: | neutral | Recent increases in house prices and equity prices were positives, | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc547 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: May 26, 2021 The Economic Outlook and Monetary Policy Vice Chair for Supervision Randal K. Quarles At the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution, Washington, D.C. (via webcast) Share Watch Live Thank you, David, and thank you to Brookings and the Hutchins Center for the opportunity to lead things off and be part of this very distinguished panel.
Answer: | neutral | May 26, 2021 The Economic Outlook and Monetary Policy Vice Chair for Supervision Randal K. Quarles At the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution, Washington, D.C. (via webcast) Share Watch Live Thank you, David, and thank you to Brookings and the Hutchins Center for the opportunity to lead things off and be part of this very distinguished panel. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc117 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Beyond 2017, the forecast for real GDP growth was little revised.
Answer: | neutral | Beyond 2017, the forecast for real GDP growth was little revised. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc841 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Their key finding, illustrated in figure 3, is that Federal Reserve policy rate surprises attributed to stronger U.S. growth generally have only moderate spillovers to EM financial conditions, whereas U.S. policy rate changes attributed to U.S. inflationary pressures trigger more substantial spillovers to EM financial conditions.
Answer: | neutral | Their key finding, illustrated in figure 3, is that Federal Reserve policy rate surprises attributed to stronger U.S. growth generally have only moderate spillovers to EM financial conditions, whereas U.S. policy rate changes attributed to U.S. inflationary pressures trigger more substantial spillovers to EM financial conditions. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc532 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Members agreed that the Federal Reserve was committed to using its full range of tools to support the U. S. economy in this challenging time, thereby promoting its maximum-employment and price-stability goals.
Answer: | dovish | Members agreed that the Federal Reserve was committed to using its full range of tools to support the U. S. economy in this challenging time, thereby promoting its maximum-employment and price-stability goals. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1047 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.
Answer: | neutral | This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc708 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Potentially, waiting could require more disruptive policy tightening actions later and could risk the credibility of the System's anti-inflation policy.
Answer: | hawkish | Potentially, waiting could require more disruptive policy tightening actions later and could risk the credibility of the System's anti-inflation policy. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc434 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In particular, the unemployment rates in the metropolitan areas of South Dakota have consistently been lower than in rural areas, and this relative abundance of job opportunities has tended to encourage migration to areas such as Sioux Falls.
Answer: | neutral | In particular, the unemployment rates in the metropolitan areas of South Dakota have consistently been lower than in rural areas, and this relative abundance of job opportunities has tended to encourage migration to areas such as Sioux Falls. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc856 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Therefore, even in the case of personal computers, where we have made such great strides in measuring quality changes, I suspect that important phenomena still may not be adequately captured by our published price indexes.
Answer: | neutral | Therefore, even in the case of personal computers, where we have made such great strides in measuring quality changes, I suspect that important phenomena still may not be adequately captured by our published price indexes. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc981 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: What implications do these results have for our broader understanding and for the practice of monetary policy?
Answer: | neutral | What implications do these results have for our broader understanding and for the practice of monetary policy? | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc413 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In contrast, in cases in which variations in the demand for reserves or in external factors affecting reserve supply appear likely to be temporary, the Desk typically prefers to conduct open-market operations through short-term or long-term repurchase agreements, known as repos.
Answer: | neutral | In contrast, in cases in which variations in the demand for reserves or in external factors affecting reserve supply appear likely to be temporary, the Desk typically prefers to conduct open-market operations through short-term or long-term repurchase agreements, known as repos. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc15 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: A few participants expressed less confidence in this outlook for inflation and commented that inflation had averaged less than 2 percent over the past several years even as resource utilization had increased, or pointed to downward pressures from global or technology-related factors that could continue to suppress inflation.
Answer: | dovish | A few participants expressed less confidence in this outlook for inflation and commented that inflation had averaged less than 2 percent over the past several years even as resource utilization had increased, or pointed to downward pressures from global or technology-related factors that could continue to suppress inflation. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc248 | Study the sentence below from a central bank's briefing. Categorize it as HAWKISH if it promotes a tightening of monetary policy, DOVISH if it represents an easing of monetary policy, or NEUTRAL if the stance is nonpartisan. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Financial markets are the channel through which our policy affects the economy, and asset prices contain valuable information about investors' expectations for the course of policy, economic activity, and inflation, as well as about the risks around those expectations.
Answer: | neutral | Financial markets are the channel through which our policy affects the economy, and asset prices contain valuable information about investors' expectations for the course of policy, economic activity, and inflation, as well as about the risks around those expectations. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc518 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Market-based measures of inflation compensation remained low
Answer: | dovish | Market-based measures of inflation compensation remained low | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc335 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In general, participants viewed recent consumer price developments as consistent with their expectation that inflation was on a trajectory to achieve the Committee's symmetric 2 percent objective on a sustained basis.
Answer: | neutral | In general, participants viewed recent consumer price developments as consistent with their expectation that inflation was on a trajectory to achieve the Committee's symmetric 2 percent objective on a sustained basis. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc541 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Many potential inflation targeters ask, "Why not zero?"
Answer: | neutral | Many potential inflation targeters ask, "Why not zero?" | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc228 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: So, you know, I can’t—all I can tell you is, we’ll be looking at weak global growth.
Answer: | dovish | So, you know, I can’t—all I can tell you is, we’ll be looking at weak global growth. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc76 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: An environment involving such interest rates could have adverse repercussions on the functioning of some sectors of the money market, but the members agreed that the potential extent of such disruptions would not be sufficient to prevent the Committee from taking advantage of the full scope of conventional easing of the federal funds rate, should that become necessary.
Answer: | dovish | An environment involving such interest rates could have adverse repercussions on the functioning of some sectors of the money market, but the members agreed that the potential extent of such disruptions would not be sufficient to prevent the Committee from taking advantage of the full scope of conventional easing of the federal funds rate, should that become necessary. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc816 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The result could be cross-border spillovers from the increase in U.S. domestic demand, reducing the effect on U.S. real activity and inflation and potentially contributing to external imbalances.
Answer: | neutral | The result could be cross-border spillovers from the increase in U.S. domestic demand, reducing the effect on U.S. real activity and inflation and potentially contributing to external imbalances. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc246 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The central tendency of the unemployment rate projections is slightly lower than in the March projections and now stands at 6.0 to 6.1 percent at the end of this year.
Answer: | dovish | The central tendency of the unemployment rate projections is slightly lower than in the March projections and now stands at 6.0 to 6.1 percent at the end of this year. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1088 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: While more moderate growth in consumer spending for durable goods seemed likely after an extended period of robust expansion, these favorable factors suggested that the risks of a different outcome were tilted in the direction of faster-than-projected expansion.
Answer: | hawkish | While more moderate growth in consumer spending for durable goods seemed likely after an extended period of robust expansion, these favorable factors suggested that the risks of a different outcome were tilted in the direction of faster-than-projected expansion. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc19 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: And in so far as that will affect monetary policy, of course we will have to factor those policies along with many other things, including the global environment and oil prices and other matters.
Answer: | neutral | And in so far as that will affect monetary policy, of course we will have to factor those policies along with many other things, including the global environment and oil prices and other matters. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc276 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: However, the deficit was up appreciably from its average for the first quarter, with the value of imports increasing substantially more than the value of exports.
Answer: | hawkish | However, the deficit was up appreciably from its average for the first quarter, with the value of imports increasing substantially more than the value of exports. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc886 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: This is the scenario from which we draw the lesson that timely, typically preemptive, policy restraint to avoid the excesses of a boom results in longer expansions and avoids unnecessary fluctuations in both output and inflation.
Answer: | hawkish | This is the scenario from which we draw the lesson that timely, typically preemptive, policy restraint to avoid the excesses of a boom results in longer expansions and avoids unnecessary fluctuations in both output and inflation. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc35 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Advances in productivity had boosted profit margins, and high margins were helpful in that they could absorb some portion of any cost increases for a time.
Answer: | neutral | Advances in productivity had boosted profit margins, and high margins were helpful in that they could absorb some portion of any cost increases for a time. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc654 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Over the medium term, participants expected strong growth in employment, driven by continued progress on vaccinations and an associated rebound of economic activity and of consumer and business confidence, as well as accommodative fiscal and monetary policy.
Answer: | dovish | Over the medium term, participants expected strong growth in employment, driven by continued progress on vaccinations and an associated rebound of economic activity and of consumer and business confidence, as well as accommodative fiscal and monetary policy. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc731 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: That's why I said that flexibility is also an important characteristic of monetary policy during a time of financial turmoil.
Answer: | dovish | That's why I said that flexibility is also an important characteristic of monetary policy during a time of financial turmoil. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc906 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Three Asset-Price-Bust Episodes Let us first examine the U.K. recession of 1974.
Answer: | neutral | Three Asset-Price-Bust Episodes Let us first examine the U.K. recession of 1974. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc637 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Our goal of price stability was achieved by most analysts' definition by mid-2003.
Answer: | dovish | Our goal of price stability was achieved by most analysts' definition by mid-2003. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc193 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: So I, you know, I’m—I feel quite comfortable that we can—in particular, that we can raise interest rates at the appropriate time, even if the balance sheet remains large for an extended period.
Answer: | hawkish | So I, you know, I’m—I feel quite comfortable that we can—in particular, that we can raise interest rates at the appropriate time, even if the balance sheet remains large for an extended period. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc762 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The changes to the policy statement that we made over the past few FOMC meetings bring our policy guidance in line with the new framework outlined in the revised Statement on Longer-Run Goals and Monetary Policy Strategy that the Committee approved last August.4 In our new framework, we acknowledge that policy decisions going forward will be based on the FOMC's estimates of "shortfalls [emphasis added] of employment from its maximum level"—not "deviations."
Answer: | dovish | The changes to the policy statement that we made over the past few FOMC meetings bring our policy guidance in line with the new framework outlined in the revised Statement on Longer-Run Goals and Monetary Policy Strategy that the Committee approved last August.4 In our new framework, we acknowledge that policy decisions going forward will be based on the FOMC's estimates of "shortfalls [emphasis added] of employment from its maximum level"—not "deviations." | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1029 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: These participants stated that, in such circumstances, a major challenge facing policymakers—especially in the presence of the effective lower bound on the federal funds rate—was to maintain a policy stance sufficiently accommodative to keep average inflation at 2 percent and thereby bolster the credibility of the Committee's new policy framework, facilitating the achievement of both maximum employment and price stability.
Answer: | dovish | These participants stated that, in such circumstances, a major challenge facing policymakers—especially in the presence of the effective lower bound on the federal funds rate—was to maintain a policy stance sufficiently accommodative to keep average inflation at 2 percent and thereby bolster the credibility of the Committee's new policy framework, facilitating the achievement of both maximum employment and price stability. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc160 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: It will include all data relevant to our dual mandate of stable prices and maximum employment.
Answer: | neutral | It will include all data relevant to our dual mandate of stable prices and maximum employment. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc490 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: M2 growth picked up appreciably during December and January, evidently reflecting extra demands for liquidity and safety during the century-date-change period.
Answer: | dovish | M2 growth picked up appreciably during December and January, evidently reflecting extra demands for liquidity and safety during the century-date-change period. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1009 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The unwinding in the early months of 1997 of special factors that had boosted net exports in the fourth quarter of 1996 was offsetting some of the effects on production of the persisting strength in domestic demand.
Answer: | neutral | The unwinding in the early months of 1997 of special factors that had boosted net exports in the fourth quarter of 1996 was offsetting some of the effects on production of the persisting strength in domestic demand. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc566 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: More recently, with inflation under control, overheating has shown up in the form of financial excess.
Answer: | hawkish | More recently, with inflation under control, overheating has shown up in the form of financial excess. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc112 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: At the same time, the staff viewed the risks around its outlook for the unemployment rate as roughly balanced.
Answer: | neutral | At the same time, the staff viewed the risks around its outlook for the unemployment rate as roughly balanced. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc522 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Japan enjoyed effective price stability through most of the 1980s.
Answer: | neutral | Japan enjoyed effective price stability through most of the 1980s. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc230 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: That is a positive for growth.
Answer: | neutral | That is a positive for growth. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1014 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The vote encompassed approval of the statement below to be released at 2:00 p. m. : "Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions.
Answer: | neutral | The vote encompassed approval of the statement below to be released at 2:00 p. m. : "Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc792 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The guidance indicates an expectation that it will be appropriate to maintain the current target range of the federal funds rate until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.
Answer: | neutral | The guidance indicates an expectation that it will be appropriate to maintain the current target range of the federal funds rate until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc724 | Scrutinize the sentence provided from a central bank's press release. Determine it as HAWKISH if it proposes a tightening of monetary policy, DOVISH if it discloses an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: still outpace that of potential over this period, leading to a decline in the unemployment rate to historically low levels, as monetary policy was assumed to remain highly accommodative.
Answer: | dovish | still outpace that of potential over this period, leading to a decline in the unemployment rate to historically low levels, as monetary policy was assumed to remain highly accommodative. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc358 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In the Committee's discussion of current and prospective economic developments, members referred to the widespread statistical and anecdotal evidence that the surprising strength in economic activity over the closing months of 1996 was persisting in 1997.
Answer: | hawkish | In the Committee's discussion of current and prospective economic developments, members referred to the widespread statistical and anecdotal evidence that the surprising strength in economic activity over the closing months of 1996 was persisting in 1997. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc136 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In addition, the median estimate of the longer-run normal unemployment rate moved down a tenth to 4.6 percent.
Answer: | hawkish | In addition, the median estimate of the longer-run normal unemployment rate moved down a tenth to 4.6 percent. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc832 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
Answer: | dovish | Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc399 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In their discussion of prices, participants indicated that data over the intermeeting period, including measures of inflation expectations, suggested that underlying inflation was not in the process of moving higher.
Answer: | neutral | In their discussion of prices, participants indicated that data over the intermeeting period, including measures of inflation expectations, suggested that underlying inflation was not in the process of moving higher. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc830 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The strong support from monetary policy, together with fiscal stimulus, should turn the K-shaped recovery into a broad-based and inclusive recovery that delivers full employment, as Mike McCracken would have wished.
Answer: | dovish | The strong support from monetary policy, together with fiscal stimulus, should turn the K-shaped recovery into a broad-based and inclusive recovery that delivers full employment, as Mike McCracken would have wished. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc43 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: And we’d like to see that in the form of a series of declining monthly inflation readings—that’s what we’re looking for.
Answer: | hawkish | And we’d like to see that in the form of a series of declining monthly inflation readings—that’s what we’re looking for. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc365 | Scrutinize the sentence provided from a central bank's press release. Determine it as HAWKISH if it proposes a tightening of monetary policy, DOVISH if it discloses an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In the circumstances, most members endorsed a proposal to delete as no longer necessary the previous summary statement relating to the risks to growth and inflation taken together.
Answer: | neutral | In the circumstances, most members endorsed a proposal to delete as no longer necessary the previous summary statement relating to the risks to growth and inflation taken together. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc307 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: What I’m telling you is that the stance of monetary policy we have today, we believe, is appropriate.
Answer: | neutral | What I’m telling you is that the stance of monetary policy we have today, we believe, is appropriate. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc595 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Much of the current spending for equipment and software reportedly represented replacement demand largely associated with the short useful lives of various types of equipment, and there appeared to be little spending that would entail capital deepening.
Answer: | neutral | Much of the current spending for equipment and software reportedly represented replacement demand largely associated with the short useful lives of various types of equipment, and there appeared to be little spending that would entail capital deepening. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc405 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In their review of the outlook for prices, members noted that incoming data over the intermeeting period had shown a slowing in core inflation from the high levels posted earlier in the year, consistent with the Committee's view that a portion of the earlier increase had reflected transitory factors.
Answer: | neutral | In their review of the outlook for prices, members noted that incoming data over the intermeeting period had shown a slowing in core inflation from the high levels posted earlier in the year, consistent with the Committee's view that a portion of the earlier increase had reflected transitory factors. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc732 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Recent data pointed to little change in underlying inflation trends.
Answer: | neutral | Recent data pointed to little change in underlying inflation trends. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc202 | Study the sentence below from a central bank's briefing. Categorize it as HAWKISH if it promotes a tightening of monetary policy, DOVISH if it represents an easing of monetary policy, or NEUTRAL if the stance is nonpartisan. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Financing conditions in capital markets remained broadly accommodative, supported by low interest rates and high equity valuations.
Answer: | dovish | Financing conditions in capital markets remained broadly accommodative, supported by low interest rates and high equity valuations. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc459 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In the productivity boom that followed World War I, a chief technological innovation was the spread of electrification to the factory floor.
Answer: | neutral | In the productivity boom that followed World War I, a chief technological innovation was the spread of electrification to the factory floor. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc142 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: But I have seen little direct evidence on the extent to which globalization may have boosted aggregate productivity growth in the United States in recent years.
Answer: | neutral | But I have seen little direct evidence on the extent to which globalization may have boosted aggregate productivity growth in the United States in recent years. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc578 | Scrutinize the sentence provided from a central bank's press release. Determine it as HAWKISH if it proposes a tightening of monetary policy, DOVISH if it discloses an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Moreover, when some measures of inflation were close to 1 percent in 2003, the Federal Open Market Committee's official statements specifically noted that any further substantial decline in inflation would be unwelcome, mainly because of the risk that a falling price level (which has not occurred since the Great Depression) could cause a significant disruption to economic activity and employment.
Answer: | dovish | Moreover, when some measures of inflation were close to 1 percent in 2003, the Federal Open Market Committee's official statements specifically noted that any further substantial decline in inflation would be unwelcome, mainly because of the risk that a falling price level (which has not occurred since the Great Depression) could cause a significant disruption to economic activity and employment. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc856 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals.
Answer: | neutral | The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc879 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: This effort culminated in 1943 with the publication of Banking and Monetary Statistics, which included annual figures on demand and time deposits from 1892 and on currency from 1860.
Answer: | neutral | This effort culminated in 1943 with the publication of Banking and Monetary Statistics, which included annual figures on demand and time deposits from 1892 and on currency from 1860. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc32 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Accordingly, in the context of the Committee's long-run objectives for price stability and sustainable economic growth, and giving careful consideration to economic, financial, and monetary developments, the Committee decided that a slightly higher federal funds rate might be acceptable or a somewhat lower federal funds rate would be acceptable during the intermeeting period.
Answer: | neutral | Accordingly, in the context of the Committee's long-run objectives for price stability and sustainable economic growth, and giving careful consideration to economic, financial, and monetary developments, the Committee decided that a slightly higher federal funds rate might be acceptable or a somewhat lower federal funds rate would be acceptable during the intermeeting period. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc880 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: This equation relates inflation to, among other factors, lagged inflation, resource utilization, and movements in the relative price of imports excluding energy, semiconductors, and computers.
Answer: | neutral | This equation relates inflation to, among other factors, lagged inflation, resource utilization, and movements in the relative price of imports excluding energy, semiconductors, and computers. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1000 | Study the sentence below from a central bank's briefing. Categorize it as HAWKISH if it promotes a tightening of monetary policy, DOVISH if it represents an easing of monetary policy, or NEUTRAL if the stance is nonpartisan. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The steepening of the yield curve was due mostly to sharply lower short- and intermediate-term forward rates, consistent with investors' apparently more pessimistic outlook for economic growth.
Answer: | dovish | The steepening of the yield curve was due mostly to sharply lower short- and intermediate-term forward rates, consistent with investors' apparently more pessimistic outlook for economic growth. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1114 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: they differed to some extent regarding the prospects for further increases in inflation.
Answer: | neutral | they differed to some extent regarding the prospects for further increases in inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc930 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: To see this, suppose that a speculative bubble has emerged and that a central bank, operating under a conventional strategy, has raised interest rates to keep the projected output gap closed and expected inflation at its desired level before the bubble bursts.
Answer: | hawkish | To see this, suppose that a speculative bubble has emerged and that a central bank, operating under a conventional strategy, has raised interest rates to keep the projected output gap closed and expected inflation at its desired level before the bubble bursts. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc294 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: For inflation, we can use the 12-month change in core PCE prices, a measure of the current underlying rate of inflation.
Answer: | neutral | For inflation, we can use the 12-month change in core PCE prices, a measure of the current underlying rate of inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc251 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The housing sector has fully recovered from the downturn, supported in part by low mortgage interest rates.
Answer: | dovish | The housing sector has fully recovered from the downturn, supported in part by low mortgage interest rates. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc146 | Examine the excerpt from a central bank's release below. Classify it as HAWKISH if it advocates for a tightening of monetary policy, DOVISH if it suggests an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: But because the United States has run persistent and sizable primary trade deficits since 1990, the net external debt is now 25 percent of GDP and rising sharply.
Answer: | hawkish | But because the United States has run persistent and sizable primary trade deficits since 1990, the net external debt is now 25 percent of GDP and rising sharply. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc475 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Indeed, an oft-quoted quip by economist Robert Solow held that, as of the late 1980s, "computers are everywhere except in the productivity statistics."
Answer: | neutral | Indeed, an oft-quoted quip by economist Robert Solow held that, as of the late 1980s, "computers are everywhere except in the productivity statistics." | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc484 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Indeed, scattered evidence dating back to ancient Rome and before reflects the same order of interest rate magnitude, not a one percent interest rate nor 200 percent.
Answer: | neutral | Indeed, scattered evidence dating back to ancient Rome and before reflects the same order of interest rate magnitude, not a one percent interest rate nor 200 percent. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc731 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Recent data on core consumer prices led the staff to mark down slightly its forecast for core PCE inflation.
Answer: | dovish | Recent data on core consumer prices led the staff to mark down slightly its forecast for core PCE inflation. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc268 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: However, reports from business contacts in several Districts indicated that employers in labor markets in which demand was high or in which workers in some occupations were in short supply were raising wages noticeably to compete for workers and limit turnover.
Answer: | hawkish | However, reports from business contacts in several Districts indicated that employers in labor markets in which demand was high or in which workers in some occupations were in short supply were raising wages noticeably to compete for workers and limit turnover. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc635 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Other economies, such as Argentina and Hong Kong, have fixed their exchange rates essentially through currency boards.
Answer: | neutral | Other economies, such as Argentina and Hong Kong, have fixed their exchange rates essentially through currency boards. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc568 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: More subtly, my conclusion that the effects on inflation of transitory changes in commodity prices or in the value of the dollar tend to dissipate in the longer run depends on the assumption that the public's inflation expectations are well anchored.
Answer: | neutral | More subtly, my conclusion that the effects on inflation of transitory changes in commodity prices or in the value of the dollar tend to dissipate in the longer run depends on the assumption that the public's inflation expectations are well anchored. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc647 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: another indicated that the Committee could provide guidance stating that it would not raise its target for the federal funds rate if the inflation rate was expected to run below a given level at a specific horizon.
Answer: | dovish | another indicated that the Committee could provide guidance stating that it would not raise its target for the federal funds rate if the inflation rate was expected to run below a given level at a specific horizon. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc201 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Consider our estimates of real economic activity.
Answer: | neutral | Consider our estimates of real economic activity. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc176 | Review the sentence from a central bank's communiqué. Designate it as HAWKISH if it expresses a tightening of monetary policy, DOVISH if it reveals an easing of monetary policy, or NEUTRAL if the stance is detached. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Now, we’ve long expected, as most analysts have, to see some slowing in Chinese growth over time as they rebalance their economy.
Answer: | dovish | Now, we’ve long expected, as most analysts have, to see some slowing in Chinese growth over time as they rebalance their economy. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc393 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In their discussion of forward guidance about the target federal funds rate, a few members suggested that lowering the unemployment threshold to 6 percent could effectively convey the Committee's intention to keep the target federal funds rate low for an extended period.
Answer: | dovish | In their discussion of forward guidance about the target federal funds rate, a few members suggested that lowering the unemployment threshold to 6 percent could effectively convey the Committee's intention to keep the target federal funds rate low for an extended period. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc252 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: First, insofar as recent productivity growth is concerned, I have a serious question about the quality of the data that we employ to measure output in today's economy.
Answer: | neutral | First, insofar as recent productivity growth is concerned, I have a serious question about the quality of the data that we employ to measure output in today's economy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc271 | Consider the below statement from a central bank's bulletin. Identify it as HAWKISH if it supports a tightening of monetary policy, DOVISH if it hints at an easing of monetary policy, or NEUTRAL if the stance is balanced. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: However, some others emphasized that deferring the decision until later in the year would permit additional time to assess the outlook for economic activity and inflation.
Answer: | neutral | However, some others emphasized that deferring the decision until later in the year would permit additional time to assess the outlook for economic activity and inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc84 | Scrutinize the sentence provided from a central bank's press release. Determine it as HAWKISH if it proposes a tightening of monetary policy, DOVISH if it discloses an easing of monetary policy, or NEUTRAL if the stance is unbiased. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: As Chair Powell indicated in his Jackson Hole remarks, we think of our new framework as an evolution from "flexible inflation targeting" to a "flexible form of average inflation targeting.
Answer: | hawkish | As Chair Powell indicated in his Jackson Hole remarks, we think of our new framework as an evolution from "flexible inflation targeting" to a "flexible form of average inflation targeting. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc298 | Dissect the given sentence from a central bank's transcript. Tag it as HAWKISH if it denotes a tightening of monetary policy, DOVISH if it implies an easing of monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In July, the range for M3 had been raised by two percentage points to reflect developments that seemed to be fostering a return to the historical pattern of somewhat faster growth in M3 than in M2.
Answer: | dovish | In July, the range for M3 had been raised by two percentage points to reflect developments that seemed to be fostering a return to the historical pattern of somewhat faster growth in M3 than in M2. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc752 | Reflect on the given sentence from a central bank's announcement. Assign it as HAWKISH if it endorses a tightening of the monetary policy, DOVISH if it indicates an easing of the monetary policy, or NEUTRAL if the stance is even-handed. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Setting the interest rate paid on required and excess reserve balances 15 basis points below the top of the target range for the federal funds rate was intended to foster trading in the federal funds market at rates well within the FOMC's target range.
Answer: | neutral | Setting the interest rate paid on required and excess reserve balances 15 basis points below the top of the target range for the federal funds rate was intended to foster trading in the federal funds market at rates well within the FOMC's target range. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc149 | Evaluate the provided sentence from a central bank's statement. Mark it as HAWKISH if it signifies a tightening of monetary policy, DOVISH if it points towards an easing of monetary policy, or NEUTRAL if the stance is equanimous. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: Consumer credit continued to increase at a steady pace, with similar growth rates across credit card, automobile, and student loans.
Answer: | hawkish | Consumer credit continued to increase at a steady pace, with similar growth rates across credit card, automobile, and student loans. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc1093 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: While prices in equity markets had turned up from their recent lows, the cumulative losses in financial wealth incurred since early 2000 clearly were having an adverse impact on expenditures by households and the higher cost of equity capital was inhibiting business investment.
Answer: | dovish | While prices in equity markets had turned up from their recent lows, the cumulative losses in financial wealth incurred since early 2000 clearly were having an adverse impact on expenditures by households and the higher cost of equity capital was inhibiting business investment. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc237 | Analyse the following sentence from a central bank's report. Tag it as HAWKISH if it alludes to a tightening of the monetary policy, DOVISH if it implies an easing of the monetary policy, or NEUTRAL if the stance is impartial. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: The American economy is very strong and well positioned to handle tighter monetary policy.
Answer: | hawkish | The American economy is very strong and well positioned to handle tighter monetary policy. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc415 | Assess the following statement from a central bank's circular. Indicate it as HAWKISH if it conveys a tightening of monetary policy, DOVISH if it insinuates an easing of monetary policy, or NEUTRAL if the stance is dispassionate. Your response should return only HAWKISH, DOVISH, or NEUTRAL.
Text: In contrast, the rise in oil prices during the 1970s was probably seen at the time as largely reflecting a permanent shift in global demand/supply balances.
Answer: | hawkish | In contrast, the rise in oil prices during the 1970s was probably seen at the time as largely reflecting a permanent shift in global demand/supply balances. | ['dovish' 'hawkish' 'neutral'] | 1 |