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fomc1094 | 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 recognizing the improvement in a number of indicators of economic activity and labor market conditions since the fall, many members indicated that further improvement in the outlook for the labor market would be required before it would be appropriate to slow the pace of asset purchases.
Answer: | dovish | While recognizing the improvement in a number of indicators of economic activity and labor market conditions since the fall, many members indicated that further improvement in the outlook for the labor market would be required before it would be appropriate to slow the pace of asset purchases. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1129 | 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: Yields on nominal Treasury coupon securities declined over the intermeeting period while yields on inflation-indexed Treasury securities were roughly unchanged, which left inflation compensation noticeably lower.
Answer: | dovish | Yields on nominal Treasury coupon securities declined over the intermeeting period while yields on inflation-indexed Treasury securities were roughly unchanged, which left inflation compensation noticeably lower. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc357 | 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 Committee's discussion of current and prospective economic developments, members commented that the statistical and anecdotal information that had become available since the October meeting continued to point to robust growth in overall economic activity, despite some indications of softening in interest-sensitive sectors of the economy.
Answer: | hawkish | In the Committee's discussion of current and prospective economic developments, members commented that the statistical and anecdotal information that had become available since the October meeting continued to point to robust growth in overall economic activity, despite some indications of softening in interest-sensitive sectors of the economy. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc706 | 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: Stimulus checks put money in people's pockets, and when they spend it, there will be upward pressure on prices.
Answer: | hawkish | Stimulus checks put money in people's pockets, and when they spend it, there will be upward pressure on prices. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc309 | 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: In any case, however, the assessment of the adverse effects of the increase in longer-term rates on financial conditions and ultimately on economic activity would depend importantly upon the extent to which rates stabilized at current levels or instead continued to rise.
Answer: | neutral | In any case, however, the assessment of the adverse effects of the increase in longer-term rates on financial conditions and ultimately on economic activity would depend importantly upon the extent to which rates stabilized at current levels or instead continued to rise. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc987 | 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: When interest rates increase, prices will undoubtedly adjust to some extent--in some cases simply by rising less rapidly than they would otherwise--and debt-service obligations will move up.
Answer: | hawkish | When interest rates increase, prices will undoubtedly adjust to some extent--in some cases simply by rising less rapidly than they would otherwise--and debt-service obligations will move up. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc695 | 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: Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, meeting participants--the 7 members of the Board of Governors and the presidents of the 12 Federal Reserve Banks, all of whom participate in the deliberations of the FOMC--submitted their assessments of real output growth, the unemployment rate, inflation, and the target federal funds rate for each year from 2013 through 2015 and over the longer run, under each participant's judgment of appropriate monetary policy.
Answer: | neutral | Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, meeting participants--the 7 members of the Board of Governors and the presidents of the 12 Federal Reserve Banks, all of whom participate in the deliberations of the FOMC--submitted their assessments of real output growth, the unemployment rate, inflation, and the target federal funds rate for each year from 2013 through 2015 and over the longer run, under each participant's judgment of appropriate monetary policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc137 | 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: Besides influencing the near-term course of important economic variables, such as gross domestic product growth, inflation, and profits, productivity largely determines our society's long-term economic welfare.
Answer: | neutral | Besides influencing the near-term course of important economic variables, such as gross domestic product growth, inflation, and profits, productivity largely determines our society's long-term economic welfare. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc521 | 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: January 13, 2021 Full Employment in the New Monetary Policy Framework Governor Lael Brainard At the Inaugural Mike McCracken Lecture on Full Employment Sponsored by the Canadian Association for Business Economics (via webcast) Share I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan.
Answer: | neutral | January 13, 2021 Full Employment in the New Monetary Policy Framework Governor Lael Brainard At the Inaugural Mike McCracken Lecture on Full Employment Sponsored by the Canadian Association for Business Economics (via webcast) Share I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc858 | 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: also by views about how fiscal policy might adjust to monetary policy.
Answer: | neutral | also by views about how fiscal policy might adjust to monetary policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc42 | 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: All members agreed that the FOMC statement for this meeting should again indicate that policy accommodation could be removed at a pace that was likely to be measured but that the Committee would respond to changes in economic prospects as needed to maintain price stability.
Answer: | hawkish | All members agreed that the FOMC statement for this meeting should again indicate that policy accommodation could be removed at a pace that was likely to be measured but that the Committee would respond to changes in economic prospects as needed to maintain price stability. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc1037 | 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: They continued to expect that inflation would move up toward the Committee's 2 percent objective over the medium term as the effects of these transitory factors waned and conditions in the labor market improved further.
Answer: | neutral | They continued to expect that inflation would move up toward the Committee's 2 percent objective over the medium term as the effects of these transitory factors waned and conditions in the labor market improved further. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc628 | 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: One of Dick Porter's many contributions was to develop a monetary approach to forecasting inflation at medium-term horizons.
Answer: | neutral | One of Dick Porter's many contributions was to develop a monetary approach to forecasting inflation at medium-term horizons. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc605 | 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: Now suppose that, in an economy experiencing a stable deflation, the central bank leadership announces a fixed inflation target but then makes no progress toward that target during a given period.
Answer: | neutral | Now suppose that, in an economy experiencing a stable deflation, the central bank leadership announces a fixed inflation target but then makes no progress toward that target during a given period. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1100 | 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: With appropriate firming in the stance of monetary policy, participants expected inflation to return to the Committee's 2 percent objective over time and the labor market to remain strong.
Answer: | hawkish | With appropriate firming in the stance of monetary policy, participants expected inflation to return to the Committee's 2 percent objective over time and the labor market to remain strong. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc118 | 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: Both of these views would suggest a lower level of potential output and thus reduced scope for combating unemployment with additional monetary policy stimulus.
Answer: | dovish | Both of these views would suggest a lower level of potential output and thus reduced scope for combating unemployment with additional monetary policy stimulus. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc62 | 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: As I mentioned, once you—once you’re, broadly speaking, in the range of neutral, I think it’s appropriate to be putting aside individual estimates of that and be looking at what the incoming data are telling you about the outlook, updating your estimates of what neutral might be, of what the natural rate of unemployment might be, of the state of the economy, so—and letting that lead you to adjust your outlook and, therefore, your appropriate path for policy.
Answer: | neutral | As I mentioned, once you—once you’re, broadly speaking, in the range of neutral, I think it’s appropriate to be putting aside individual estimates of that and be looking at what the incoming data are telling you about the outlook, updating your estimates of what neutral might be, of what the natural rate of unemployment might be, of the state of the economy, so—and letting that lead you to adjust your outlook and, therefore, your appropriate path for policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc109 | 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: with a healthy job market, rising incomes, and upbeat consumer confidence, the fundamentals supporting household spending are solid.
Answer: | neutral | with a healthy job market, rising incomes, and upbeat consumer confidence, the fundamentals supporting household spending are solid. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc444 | 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: the prices of some key commodities had increased recently.
Answer: | hawkish | the prices of some key commodities had increased recently. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc320 | 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: Going forward, the question is not only whether inflation will fall in the coming months,
Answer: | neutral | Going forward, the question is not only whether inflation will fall in the coming months, | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc331 | 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: His conclusion is that only by far-reaching decentralization in a market system with competition and free price-fixing is it possible to make full use of knowledge and information.
Answer: | neutral | His conclusion is that only by far-reaching decentralization in a market system with competition and free price-fixing is it possible to make full use of knowledge and information. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc151 | 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: Consumer food prices were little changed in August.
Answer: | neutral | Consumer food prices were little changed in August. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc870 | 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 U. S. international trade deficit declined somewhat in May after reaching a record high in April.
Answer: | neutral | The U. S. international trade deficit declined somewhat in May after reaching a record high in April. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc668 | 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: Participants commented on the continued improvement in labor market conditions in recent months driven by strong demand for workers.
Answer: | neutral | Participants commented on the continued improvement in labor market conditions in recent months driven by strong demand for workers. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc370 | 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: In the days immediately following the Brexit vote, asset prices were volatile, and some financial markets, particularly certain foreign exchange markets, experienced brief periods of strained liquidity.
Answer: | neutral | In the days immediately following the Brexit vote, asset prices were volatile, and some financial markets, particularly certain foreign exchange markets, experienced brief periods of strained liquidity. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc860 | 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 Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments. "
Answer: | neutral | The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments. " | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc611 | 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: first, please allow me to offer a few remarks on the economic outlook, Federal Reserve monetary policy, and some of the initiatives we have announced to support the flow of credit to households and firms during these challenging times.
Answer: | dovish | first, please allow me to offer a few remarks on the economic outlook, Federal Reserve monetary policy, and some of the initiatives we have announced to support the flow of credit to households and firms during these challenging times. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc39 | 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: And then we’ll look to have that just running in the background and have—and have the interest rates, again, be the active tool of monetary policy.
Answer: | neutral | And then we’ll look to have that just running in the background and have—and have the interest rates, again, be the active tool of monetary policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc437 | 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: In practice, the Fed operates through a committee structure and considers the recommendations of a variety of monetary rules as we make monetary policy decisions.
Answer: | neutral | In practice, the Fed operates through a committee structure and considers the recommendations of a variety of monetary rules as we make monetary policy decisions. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc375 | 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 household sector, the rise in home mortgage debt likely slowed a bit further in the first quarter, as home-price appreciation appeared to have remained sluggish.
Answer: | neutral | In the household sector, the rise in home mortgage debt likely slowed a bit further in the first quarter, as home-price appreciation appeared to have remained sluggish. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc174 | 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: Data received over the intermeeting period reinforced earlier indications that real GDP growth had turned up after having been slow in the first quarter of this year.
Answer: | neutral | Data received over the intermeeting period reinforced earlier indications that real GDP growth had turned up after having been slow in the first quarter of this year. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1028 | 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: 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 |
fomc1046 | 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: This action was taken against the backdrop of heightened concerns and uncertainty created by the recent terrorist attacks and their potentially adverse effects on asset prices and the performance of the economy.
Answer: | dovish | This action was taken against the backdrop of heightened concerns and uncertainty created by the recent terrorist attacks and their potentially adverse effects on asset prices and the performance of the economy. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc21 | 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: A majority of FOMC participants indicated that they expect core inflation to remain below our 2 percent objective and employment to fall short of its maximum level at least through the end of 2022.
Answer: | dovish | A majority of FOMC participants indicated that they expect core inflation to remain below our 2 percent objective and employment to fall short of its maximum level at least through the end of 2022. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc813 | 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 reduced-form price equations we so often use for inflation prediction bypass direct contact with labor compensation issues.
Answer: | neutral | The reduced-form price equations we so often use for inflation prediction bypass direct contact with labor compensation issues. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc908 | 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: Through our business contacts, we continue to hear stories about bottlenecks at almost every stage of production and distribution—for example, plants that shut down because of a shortage of one or more crucial inputs; a poor cotton crop in the United States due to weather, which is driving up prices; and clogged ports and trucker shortages.
Answer: | hawkish | Through our business contacts, we continue to hear stories about bottlenecks at almost every stage of production and distribution—for example, plants that shut down because of a shortage of one or more crucial inputs; a poor cotton crop in the United States due to weather, which is driving up prices; and clogged ports and trucker shortages. | ['dovish' 'hawkish' 'neutral'] | 1 |
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: Stock prices and existing home sales are somewhat correlated, a not altogether unexpected result, because each is affected by interest rates and presumably the gains from each help finance the other.
Answer: | neutral | Stock prices and existing home sales are somewhat correlated, a not altogether unexpected result, because each is affected by interest rates and presumably the gains from each help finance the other. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc770 | 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 distortions in the markets I have reviewed do not appear all that large, given the stance of monetary policy, and should we experience much higher interest rates and softer asset prices our resilient markets and flexible economy probably could absorb such a shock.
Answer: | hawkish | The distortions in the markets I have reviewed do not appear all that large, given the stance of monetary policy, and should we experience much higher interest rates and softer asset prices our resilient markets and flexible economy probably could absorb such a shock. | ['dovish' 'hawkish' 'neutral'] | 1 |
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: Consumer sentiment was at or close to historically high levels according to recent surveys, evidently reflecting the strong uptrend in employment and income and to some extent the very large cumulative increase in stock market wealth over the course of recent years.
Answer: | hawkish | Consumer sentiment was at or close to historically high levels according to recent surveys, evidently reflecting the strong uptrend in employment and income and to some extent the very large cumulative increase in stock market wealth over the course of recent years. | ['dovish' 'hawkish' 'neutral'] | 1 |
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: Members commented that added fiscal stimulus might prove to be a useful complement to an accommodative monetary policy in the period immediately ahead when economic activity was likely to remain below the economy's potential.
Answer: | dovish | Members commented that added fiscal stimulus might prove to be a useful complement to an accommodative monetary policy in the period immediately ahead when economic activity was likely to remain below the economy's potential. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc665 | 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: Prospects for ProductivityLet me close with some comments on the outlook for productivity.
Answer: | neutral | Prospects for ProductivityLet me close with some comments on the outlook for productivity. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc92 | 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: As a result, consistent with the policy implication of Bill's 1970 model, the Federal Reserve (like most other central banks) today uses the overnight interbank rate as the principal operating target of monetary policy.
Answer: | neutral | As a result, consistent with the policy implication of Bill's 1970 model, the Federal Reserve (like most other central banks) today uses the overnight interbank rate as the principal operating target of monetary policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc102 | 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: During this time of reopening, we are likely to see some upward pressure on prices, and I’ll discuss why.
Answer: | dovish | During this time of reopening, we are likely to see some upward pressure on prices, and I’ll discuss why. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc211 | 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: For now, the Committee should remain particularly vigilant to incoming information bearing on the outlook for inflation.
Answer: | neutral | For now, the Committee should remain particularly vigilant to incoming information bearing on the outlook for inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1021 | 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: Without the oil shock, policymakers beginning from a period of low interest rates would try to keep the economy on an even growth path as they gradually raised nominal interest rates.
Answer: | hawkish | Without the oil shock, policymakers beginning from a period of low interest rates would try to keep the economy on an even growth path as they gradually raised nominal interest rates. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc282 | 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: For example, households have been able with increasing ease to extract equity from their homes, and this doubtless has helped support consumer spending in recent years, complementing the traditional effects of monetary policy.
Answer: | neutral | For example, households have been able with increasing ease to extract equity from their homes, and this doubtless has helped support consumer spending in recent years, complementing the traditional effects of monetary policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc950 | 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: Under pure monetary targeting, interest rates would fluctuate with shocks in spending.
Answer: | neutral | Under pure monetary targeting, interest rates would fluctuate with shocks in spending. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc992 | 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 staff viewed the uncertainty around the forecast for economic activity as similar to its normal level over the past 20 years.
Answer: | neutral | The staff viewed the uncertainty around the forecast for economic activity as similar to its normal level over the past 20 years. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc342 | 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: However, in this framework, the current period appears to be an outlier.4 That is, even after factoring in the current-cycle dynamics of strong profit growth and relatively modest investment, a good part of the rise in liquid assets remains unaccounted for--as much as one half of the total rise in cash-to-assets--according to Federal Reserve staff estimates.
Answer: | neutral | However, in this framework, the current period appears to be an outlier.4 That is, even after factoring in the current-cycle dynamics of strong profit growth and relatively modest investment, a good part of the rise in liquid assets remains unaccounted for--as much as one half of the total rise in cash-to-assets--according to Federal Reserve staff estimates. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc350 | 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, we also believe now is a good time to step back and assess whether, and in what possible ways, we can refine our strategy, tools, and communication practices to achieve and maintain our goals as consistently and robustly as possible.2 With the U.S. economy operating at or close to maximum employment and price stability, now is an especially opportune time to conduct this review.
Answer: | neutral | However, we also believe now is a good time to step back and assess whether, and in what possible ways, we can refine our strategy, tools, and communication practices to achieve and maintain our goals as consistently and robustly as possible.2 With the U.S. economy operating at or close to maximum employment and price stability, now is an especially opportune time to conduct this review. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc699 | 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: Some evidence exists that quantitative easing can stimulate the economy even when interest rates are near zero; see, for example, Christina Romer's (1992) discussion of the effects of increases in the money supply during the Great Depression in the United States.
Answer: | dovish | Some evidence exists that quantitative easing can stimulate the economy even when interest rates are near zero; see, for example, Christina Romer's (1992) discussion of the effects of increases in the money supply during the Great Depression in the United States. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc223 | 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: So, as you know, the ultimate focus that we have is on the real economy: maximum employment and price stability.
Answer: | neutral | So, as you know, the ultimate focus that we have is on the real economy: maximum employment and price stability. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc58 | 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: And, you know, we do want inflation to run moderately above 2 percent.
Answer: | dovish | And, you know, we do want inflation to run moderately above 2 percent. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc899 | 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 explanations included a decline in inflation risk premiums, possibly reflecting a lower perceived probability of higher inflation outcomes
Answer: | neutral | The explanations included a decline in inflation risk premiums, possibly reflecting a lower perceived probability of higher inflation outcomes | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc554 | 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: More broadly, signs of a pickup in growth in economic activity in some AFEs and emerging Asian economies other than China also appeared to contribute to the improvement in sentiment in financial markets.
Answer: | neutral | More broadly, signs of a pickup in growth in economic activity in some AFEs and emerging Asian economies other than China also appeared to contribute to the improvement in sentiment in financial markets. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc188 | 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: Same thing with economic activity.
Answer: | neutral | Same thing with economic activity. | ['dovish' 'hawkish' 'neutral'] | 2 |
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: Well, if the economy worsens and inflation remains relatively low, then we wouldn’t begin to exit, and, therefore, we wouldn’t change the language.
Answer: | dovish | Well, if the economy worsens and inflation remains relatively low, then we wouldn’t begin to exit, and, therefore, we wouldn’t change the language. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc710 | 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: inflation was projected to pick up gradually in association with a partial reversal of the decline in energy prices this year.
Answer: | neutral | inflation was projected to pick up gradually in association with a partial reversal of the decline in energy prices this year. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc725 | 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 is, monetary policy responds to changes in fiscal policy in much the same way that it responds to other influences on the economy, such as equity prices, exchange rates, or the demand for U.S. exports due to changed growth prospects abroad.
Answer: | neutral | That is, monetary policy responds to changes in fiscal policy in much the same way that it responds to other influences on the economy, such as equity prices, exchange rates, or the demand for U.S. exports due to changed growth prospects abroad. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc185 | 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: Central banks generally appear to have embraced a common model of the channels through which monetary policy functions, although the specifics and emphasis given to those channels vary according to our particular circumstances.
Answer: | neutral | Central banks generally appear to have embraced a common model of the channels through which monetary policy functions, although the specifics and emphasis given to those channels vary according to our particular circumstances. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc125 | 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: I would further say that I think it’s important to emphasize that we’re not going to mechanically take the interest rate projections that participants provide and just build policy off of that.
Answer: | neutral | I would further say that I think it’s important to emphasize that we’re not going to mechanically take the interest rate projections that participants provide and just build policy off of that. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc574 | 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, the variance of GDP growth markedly lessened as inflation tumbled from its double-digit high in the early 1980s.
Answer: | neutral | Moreover, the variance of GDP growth markedly lessened as inflation tumbled from its double-digit high in the early 1980s. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc857 | 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 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 |
fomc144 | 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 terms of the, you know, inflation, a couple things—your second question.
Answer: | neutral | In terms of the, you know, inflation, a couple things—your second question. | ['dovish' 'hawkish' 'neutral'] | 2 |
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: On the more positive side, there were no signs that the pace of productivity gains was currently leveling out and no evidence of rising longer-term inflation expectations.
Answer: | neutral | On the more positive side, there were no signs that the pace of productivity gains was currently leveling out and no evidence of rising longer-term inflation expectations. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc334 | 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: How the forces of demand, potential supply, and expectations interact has probably not been changed in any fundamental way by the recent trend of globalization.
Answer: | neutral | How the forces of demand, potential supply, and expectations interact has probably not been changed in any fundamental way by the recent trend of globalization. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc636 | 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: On the one hand, an inverted yield curve could indicate an increased risk of recession; on the other hand, the low level of term premiums in recent years--reflecting, in part, central bank asset purchases--could temper the reliability of the slope of the yield curve as an indicator of future economic activity.
Answer: | dovish | On the one hand, an inverted yield curve could indicate an increased risk of recession; on the other hand, the low level of term premiums in recent years--reflecting, in part, central bank asset purchases--could temper the reliability of the slope of the yield curve as an indicator of future economic activity. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc458 | 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 was possible, though, that investors' uncertainty regarding inflation prospects, not just inflation expectations themselves, had risen.
Answer: | hawkish | It was possible, though, that investors' uncertainty regarding inflation prospects, not just inflation expectations themselves, had risen. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc241 | 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: How long the favorable factors that continued to stimulate substantial growth in consumer expenditures would persist was uncertain, notably with regard to the outlook for stock market prices and their effects on consumer resources and willingness to spend.
Answer: | neutral | How long the favorable factors that continued to stimulate substantial growth in consumer expenditures would persist was uncertain, notably with regard to the outlook for stock market prices and their effects on consumer resources and willingness to spend. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc505 | 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: It also requires that policy tighten or ease systematically to bring aggregate demand in line with the economy's productive potential, not only because output stabilization is a policy objective in its own right
Answer: | hawkish | It also requires that policy tighten or ease systematically to bring aggregate demand in line with the economy's productive potential, not only because output stabilization is a policy objective in its own right | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc923 | 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 longer-run projections represent each participant's assessment of the rate to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy.
Answer: | neutral | The longer-run projections represent each participant's assessment of the rate to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc309 | 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: Funding of our current account deficit likely will become more difficult when home bias approaches its practical minimum.
Answer: | hawkish | Funding of our current account deficit likely will become more difficult when home bias approaches its practical minimum. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc540 | 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: Members cited greater, albeit still occasional, indications of heightened worker demands in labor negotiations that likely were encouraged in part by ample job opportunities.
Answer: | hawkish | Members cited greater, albeit still occasional, indications of heightened worker demands in labor negotiations that likely were encouraged in part by ample job opportunities. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc172 | 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: But what does this mean for monetary policy?
Answer: | neutral | But what does this mean for monetary policy? | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc542 | 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: Members commented that the continued strong increases in energy and other commodity prices would prompt a difficult adjustment process involving both lower growth and higher rates of inflation in the near term.
Answer: | neutral | Members commented that the continued strong increases in energy and other commodity prices would prompt a difficult adjustment process involving both lower growth and higher rates of inflation in the near term. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc962 | 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: The risks to the forecast for real GDP growth and inflation were seen as tilted to the downside, reflecting recent financial developments and concerns about the foreign economic outlook, as well as the staff's assessment that neither monetary policy nor fiscal policy appeared well positioned to help the economy withstand adverse shocks.
Answer: | dovish | The risks to the forecast for real GDP growth and inflation were seen as tilted to the downside, reflecting recent financial developments and concerns about the foreign economic outlook, as well as the staff's assessment that neither monetary policy nor fiscal policy appeared well positioned to help the economy withstand adverse shocks. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc274 | 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: Wage inflation has been running at 2 percent.
Answer: | neutral | Wage inflation has been running at 2 percent. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc479 | 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: Looking ahead, however, members reiterated earlier concerns that aggregate demand could continue to grow faster than potential aggregate supply, even under optimistic assumptions regarding future productivity gains.
Answer: | hawkish | Looking ahead, however, members reiterated earlier concerns that aggregate demand could continue to grow faster than potential aggregate supply, even under optimistic assumptions regarding future productivity gains. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc192 | 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: So I think, through all of those channels, monetary policy works.
Answer: | neutral | So I think, through all of those channels, monetary policy works. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc107 | 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: For example, the unemployment rate has risen by 0.3 percentage points since March, and new claims for unemployment insurance have moved somewhat higher.
Answer: | dovish | For example, the unemployment rate has risen by 0.3 percentage points since March, and new claims for unemployment insurance have moved somewhat higher. | ['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 addition to u* and r*, an important input into any monetary policy assessment is the state of inflation expectations.
Answer: | neutral | In addition to u* and r*, an important input into any monetary policy assessment is the state of inflation expectations. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc664 | 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: Participants also noted that unemployment insurance claims continued to run at a historically elevated level, but the proportion of laid-off workers who expected to be recalled was unusually large.
Answer: | dovish | Participants also noted that unemployment insurance claims continued to run at a historically elevated level, but the proportion of laid-off workers who expected to be recalled was unusually large. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc716 | 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: Projections of the rate of inflation, as measured by the consumer price index, had a central tendency of 1-3/4 to 2-1/4 percent, on the high side of the outcome for 1997 when the rise in the index was held down by damped increases in food prices and declines in energy prices.
Answer: | neutral | Projections of the rate of inflation, as measured by the consumer price index, had a central tendency of 1-3/4 to 2-1/4 percent, on the high side of the outcome for 1997 when the rise in the index was held down by damped increases in food prices and declines in energy prices. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc862 | 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 December employment report showed that job growth had slowed appreciably, and other indicators also pointed to emerging weakness in the labor market in the intermeeting period.
Answer: | dovish | The December employment report showed that job growth had slowed appreciably, and other indicators also pointed to emerging weakness in the labor market in the intermeeting period. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc46 | 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: we have continued to analyze the effects of changes in interest rates, for example, on decisions like investment or car purchases.
Answer: | neutral | we have continued to analyze the effects of changes in interest rates, for example, on decisions like investment or car purchases. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc940 | 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 nominal deficit on U. S. trade in goods and services widened substantially in the second quarter.
Answer: | hawkish | The nominal deficit on U. S. trade in goods and services widened substantially in the second quarter. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc645 | 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: One participant remarked that, with inflation having run consistently below 2 percent in recent years and market-based measures of inflation compensation still low, postponing an increase in the target range for the federal funds rate would help push inflation expectations up to levels consistent with the Committee's objective.
Answer: | dovish | One participant remarked that, with inflation having run consistently below 2 percent in recent years and market-based measures of inflation compensation still low, postponing an increase in the target range for the federal funds rate would help push inflation expectations up to levels consistent with the Committee's objective. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc929 | 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: To reduce that uncertainty, we often use the unemployment gap rather than the output gap in these rules.19 We also need to pick values for the coefficients a and b, whether they are the values John Taylor posited in his seminal 1993 article or other values from the vast literature that has come since.20 There are still other choices to make.
Answer: | neutral | To reduce that uncertainty, we often use the unemployment gap rather than the output gap in these rules.19 We also need to pick values for the coefficients a and b, whether they are the values John Taylor posited in his seminal 1993 article or other values from the vast literature that has come since.20 There are still other choices to make. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc429 | 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 part, the high inflation reflects supply chain disruptions associated with the economic effects of the pandemic and efforts made to contain it.
Answer: | hawkish | In part, the high inflation reflects supply chain disruptions associated with the economic effects of the pandemic and efforts made to contain it. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc1126 | 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: With underlying inflation expected to be relatively low, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured.
Answer: | hawkish | With underlying inflation expected to be relatively low, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc349 | 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, the volatility of these and other commodity prices is such that possible future increases in these prices remain a risk to the inflation outlook.
Answer: | hawkish | However, the volatility of these and other commodity prices is such that possible future increases in these prices remain a risk to the inflation outlook. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc235 | 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: That’s not going to happen without, without restoring price stability.
Answer: | hawkish | That’s not going to happen without, without restoring price stability. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc592 | 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: Nevertheless, the path of inflation is the biggest risk to my outlook.
Answer: | hawkish | Nevertheless, the path of inflation is the biggest risk to my outlook. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc4 | 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: Again, while I do not shirk the responsibility of the Fed having to do what it can to meet its mandate, obviously, a broad range of policies can affect growth and employment, and I hope that there will be a range of actions that will complement and supplement the Federal Reserve’s efforts.
Answer: | neutral | Again, while I do not shirk the responsibility of the Fed having to do what it can to meet its mandate, obviously, a broad range of policies can affect growth and employment, and I hope that there will be a range of actions that will complement and supplement the Federal Reserve’s efforts. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc182 | 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: Developments in foreign trade were moderating demands on domestic resources
Answer: | dovish | Developments in foreign trade were moderating demands on domestic resources | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc749 | 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: Risks to the inflation projection also were seen as balanced.
Answer: | neutral | Risks to the inflation projection also were seen as balanced. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc454 | 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: It was also noted that the weakness in homebuilding along with the continued rise in house prices suggested that supply constraints were also weighing on construction activity.
Answer: | hawkish | It was also noted that the weakness in homebuilding along with the continued rise in house prices suggested that supply constraints were also weighing on construction activity. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc165 | 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: But that forecast for growth and uncertainty about the resolution of supply constraints mean that there are upside risks to inflation next year.
Answer: | hawkish | But that forecast for growth and uncertainty about the resolution of supply constraints mean that there are upside risks to inflation next year. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc704 | 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: Participants' forecasts for economic growth for 2012 and 2013 were largely unchanged from their January projections and continued to indicate expectations that the recovery will strengthen somewhat over time.
Answer: | neutral | Participants' forecasts for economic growth for 2012 and 2013 were largely unchanged from their January projections and continued to indicate expectations that the recovery will strengthen somewhat over time. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1055 | 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: Those factors included the increasing spread of the coronavirus in the United States since mid-June; the reactions of many states and localities in slowing or scaling back the reopening of their economies, especially for businesses, such as restaurants and bars, providing services that entail personal interactions; and some high-frequency indicators that pointed to a deceleration in economic activity.
Answer: | dovish | Those factors included the increasing spread of the coronavirus in the United States since mid-June; the reactions of many states and localities in slowing or scaling back the reopening of their economies, especially for businesses, such as restaurants and bars, providing services that entail personal interactions; and some high-frequency indicators that pointed to a deceleration in economic activity. | ['dovish' 'hawkish' 'neutral'] | 0 |