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fomc428 | 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: Indeed, some members saw underlying inflation as relatively stable and put low odds on the possibility that prices now were accelerating.
Answer: | neutral | Indeed, some members saw underlying inflation as relatively stable and put low odds on the possibility that prices now were accelerating. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc215 | 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: Foreign economic growth remained sluggish, restrained by weak activity in Europe and the associated spillovers--including through trade--to the rest of the world.
Answer: | neutral | Foreign economic growth remained sluggish, restrained by weak activity in Europe and the associated spillovers--including through trade--to the rest of the world. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc378 | 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: such costs appeared tolerable in light of the employment gains that came with them.
Answer: | neutral | such costs appeared tolerable in light of the employment gains that came with them. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc426 | 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 our FOMC statements, we have indicated we expect to maintain the target range at this level until we are confident that the economy has weathered recent events and is on track to achieve our maximum-employment and price-stability goals.
Answer: | neutral | In our FOMC statements, we have indicated we expect to maintain the target range at this level until we are confident that the economy has weathered recent events and is on track to achieve our maximum-employment and price-stability goals. | ['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: Changes in the deficit resulting from changes in economic conditions, health prices, demographics, and other technical or economic factors were allowed to show through to the deficit without sanction.
Answer: | neutral | Changes in the deficit resulting from changes in economic conditions, health prices, demographics, and other technical or economic factors were allowed to show through to the deficit without sanction. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1026 | 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: These participants concluded that the Committee should wait to take another step in removing accommodation until the data on economic activity provided a greater level of confidence that economic growth was strong enough to withstand a possible downward shock to demand.
Answer: | dovish | These participants concluded that the Committee should wait to take another step in removing accommodation until the data on economic activity provided a greater level of confidence that economic growth was strong enough to withstand a possible downward shock to demand. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc255 | 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: First, such a development would ultimately call for an upward revision to the targets for money growth, so that the money growth targets would remain consistent with an unchanged target for the inflation rate.
Answer: | dovish | First, such a development would ultimately call for an upward revision to the targets for money growth, so that the money growth targets would remain consistent with an unchanged target for the inflation rate. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc363 | 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: I think it would be naive to assume that circumstances would not arise in which the central bank faced short-term choices between inflation stability and economic or financial stability.
Answer: | neutral | I think it would be naive to assume that circumstances would not arise in which the central bank faced short-term choices between inflation stability and economic or financial stability. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc8 | 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 I assure you that my colleagues and I will continue to conduct monetary policy without regard to political considerations.
Answer: | neutral | And I assure you that my colleagues and I will continue to conduct monetary policy without regard to political considerations. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc457 | 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 past few years, the effect on the dollar of increased expectations about divergence between U.S. and foreign interest rates has been especially strong.9 The nearly 20 percent increase in the dollar over 2014 and 2015 coincided with falling real exports and import prices in the United States.
Answer: | dovish | In the past few years, the effect on the dollar of increased expectations about divergence between U.S. and foreign interest rates has been especially strong.9 The nearly 20 percent increase in the dollar over 2014 and 2015 coincided with falling real exports and import prices in the United States. | ['dovish' 'hawkish' 'neutral'] | 0 |
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: On balance over the intermeeting period, interest rates on private instruments registered small mixed changes while yields on longer-term Treasury securities declined significantly.
Answer: | dovish | On balance over the intermeeting period, interest rates on private instruments registered small mixed changes while yields on longer-term Treasury securities declined significantly. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc793 | 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: Some participants mentioned upside risks around the inflation outlook that could arise if temporary factors influencing inflation turned out to be more persistent than expected.
Answer: | hawkish | Some participants mentioned upside risks around the inflation outlook that could arise if temporary factors influencing inflation turned out to be more persistent than expected. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc73 | 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: And what is the risk that, in taking such steps, a central bank would be seen by investors as taking on partial responsibility for asset prices?
Answer: | neutral | And what is the risk that, in taking such steps, a central bank would be seen by investors as taking on partial responsibility for asset prices? | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc150 | 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 dividing that nominal value change into components representing changes in real quantity versus price requires that one define a unit of output that is to remain constant in all transactions over time.
Answer: | neutral | But dividing that nominal value change into components representing changes in real quantity versus price requires that one define a unit of output that is to remain constant in all transactions over time. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc59 | 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: Although your papers concentrate on the equity premium, I would like to take a few minutes today to broaden the discussion to encompass risk premiums in other markets and to highlight the connections between risk premiums and monetary policy.
Answer: | neutral | Although your papers concentrate on the equity premium, I would like to take a few minutes today to broaden the discussion to encompass risk premiums in other markets and to highlight the connections between risk premiums and monetary policy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc575 | 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, theory and intuition tell us that monetary credibility will be greatest when the central bank does what it is supposed to do: offset economic shocks to keep price pressures from building and thereby keep inflation itself low and stable.
Answer: | hawkish | Moreover, theory and intuition tell us that monetary credibility will be greatest when the central bank does what it is supposed to do: offset economic shocks to keep price pressures from building and thereby keep inflation itself low and stable. | ['dovish' 'hawkish' 'neutral'] | 1 |
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: Modern quantitative approaches to risk measurement and risk management take as their starting point historical experience with market price fluctuations, which is statistically summarized in probability distributions.
Answer: | neutral | Modern quantitative approaches to risk measurement and risk management take as their starting point historical experience with market price fluctuations, which is statistically summarized in probability distributions. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc29 | 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: A substantial increase in lending to nonprime borrowers contributed to the bulge in residential investment in 2004 and 2005, and the tightening of credit conditions for these borrowers likely accounts for some of the continued softening in demand we have seen this year.
Answer: | neutral | A substantial increase in lending to nonprime borrowers contributed to the bulge in residential investment in 2004 and 2005, and the tightening of credit conditions for these borrowers likely accounts for some of the continued softening in demand we have seen this year. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc448 | 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: Inflation has been running somewhat below the Committee's longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices.
Answer: | dovish | Inflation has been running somewhat below the Committee's longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc780 | 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 emphasis was on providing currency and reserves to meet seasonal demands and on assisting banks in accommodating the credit needs of commerce and business.
Answer: | dovish | The emphasis was on providing currency and reserves to meet seasonal demands and on assisting banks in accommodating the credit needs of commerce and business. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc531 | 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: 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: | neutral | 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'] | 2 |
fomc785 | 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 first driver is the long-term increase in the demand for currency and reserves.
Answer: | dovish | The first driver is the long-term increase in the demand for currency and reserves. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc510 | 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: survey-based measures of longer-term inflation expectations have remained stable.
Answer: | neutral | survey-based measures of longer-term inflation expectations have remained stable. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc463 | 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: Job gains had been solid, on average, since the beginning of the year, and the unemployment rate had declined.
Answer: | hawkish | Job gains had been solid, on average, since the beginning of the year, and the unemployment rate had declined. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc175 | 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: But, as a consequence of low interest rates, the servicing requirement for that debt relative to homeowners' income is roughly in line with the historical average.
Answer: | dovish | But, as a consequence of low interest rates, the servicing requirement for that debt relative to homeowners' income is roughly in line with the historical average. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1010 | 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 upswing in M2 growth since late winter stemmed in part from the temporary effects of mortgage refinancing, which boosted liquid deposits over this period, though M2 was also buoyed by strong gains in nominal income.
Answer: | dovish | The upswing in M2 growth since late winter stemmed in part from the temporary effects of mortgage refinancing, which boosted liquid deposits over this period, though M2 was also buoyed by strong gains in nominal income. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc279 | 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 projected step-up in real GDP growth over the second half of this year was marked down a little, partly reflecting softer news on construction.
Answer: | dovish | However, the projected step-up in real GDP growth over the second half of this year was marked down a little, partly reflecting softer news on construction. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc244 | 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: in turn, larger expected productivity advances and a lower cost of equity capital provided a further stimulus to investment.
Answer: | neutral | in turn, larger expected productivity advances and a lower cost of equity capital provided a further stimulus to investment. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc210 | 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: For a variety of reasons, oil prices already had risen appreciably since the start of the year.
Answer: | hawkish | For a variety of reasons, oil prices already had risen appreciably since the start of the year. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc887 | 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 is yet another concerningly high reading, and it set another 40-year record high despite the expectation of many forecasters that inflation had peaked earlier in the year.
Answer: | hawkish | This is yet another concerningly high reading, and it set another 40-year record high despite the expectation of many forecasters that inflation had peaked earlier in the year. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc423 | 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: Indeed, economic growth abroad was widely viewed as dependent to a significant extent on the performance of the U. S. economy.
Answer: | neutral | Indeed, economic growth abroad was widely viewed as dependent to a significant extent on the performance of the U. S. economy. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc445 | 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: Inflation had been subdued,
Answer: | dovish | Inflation had been subdued, | ['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: Although I expect these upward price pressures to ease after the temporary supply bottlenecks are resolved, the exact timing of that dynamic is uncertain.
Answer: | hawkish | Although I expect these upward price pressures to ease after the temporary supply bottlenecks are resolved, the exact timing of that dynamic is uncertain. | ['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: Spreads on risky private-sector debt reached very low levels, and damaging spillovers to the nonfinancial sector occurred in the form of unduly high real estate prices and excessive leverage by borrowers in the housing market.
Answer: | hawkish | Spreads on risky private-sector debt reached very low levels, and damaging spillovers to the nonfinancial sector occurred in the form of unduly high real estate prices and excessive leverage by borrowers in the housing market. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc576 | 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: Moreover, the outlook for foreign economic activity also appeared a bit weaker.
Answer: | neutral | Moreover, the outlook for foreign economic activity also appeared a bit weaker. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc404 | 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 their review of developments in key sectors of the economy, members again emphasized the ongoing strength in household spending and its vital role in moderating the weakness in overall economic activity.
Answer: | neutral | In their review of developments in key sectors of the economy, members again emphasized the ongoing strength in household spending and its vital role in moderating the weakness in overall economic activity. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc303 | 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, the Committee reaffirmed its intention to keep the target federal funds rate at 0 to 1/4 percent and retained its forward guidance that it anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.
Answer: | dovish | In addition, the Committee reaffirmed its intention to keep the target federal funds rate at 0 to 1/4 percent and retained its forward guidance that it anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1027 | 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: These participants preferred to wait until there was greater assurance that the transmission mechanism of monetary policy via financial markets and the supply of credit to households and businesses was working effectively.
Answer: | neutral | These participants preferred to wait until there was greater assurance that the transmission mechanism of monetary policy via financial markets and the supply of credit to households and businesses was working effectively. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc844 | 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: There appears to have been some evolution in inflation-targeting regimes toward greater flexibility.
Answer: | dovish | There appears to have been some evolution in inflation-targeting regimes toward greater flexibility. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc98 | 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: At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the System Account in accordance with the following domestic policy directive: "Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability.
Answer: | dovish | At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the System Account in accordance with the following domestic policy directive: "Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc131 | 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: Because inflation normally responds slowly to such shocks, inflation targeters could respond in any of three ways.
Answer: | hawkish | Because inflation normally responds slowly to such shocks, inflation targeters could respond in any of three ways. | ['dovish' 'hawkish' 'neutral'] | 1 |
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: Even with the improving labor market, I still hear from businesses that qualified workers are difficult to find, and labor shortages remain a drag on hiring and on economic growth.
Answer: | dovish | Even with the improving labor market, I still hear from businesses that qualified workers are difficult to find, and labor shortages remain a drag on hiring and on economic growth. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc829 | 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: Survey-based measures of longer-term inflation expectations remained stable,
Answer: | neutral | Survey-based measures of longer-term inflation expectations remained stable, | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1006 | 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: With regard to our price-stability mandate,
Answer: | neutral | With regard to our price-stability mandate, | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc148 | 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 has moved up in recent months, mainly reflecting higher prices for some commodities and imported goods.
Answer: | hawkish | Inflation has moved up in recent months, mainly reflecting higher prices for some commodities and imported goods. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc982 | 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 modern monetary policymaking has not faced for quite some time, if ever, has been a major surge in innovation--matching, if not exceeding, the other great waves this century--followed by an apparent elevation of productivity growth.
Answer: | dovish | What modern monetary policymaking has not faced for quite some time, if ever, has been a major surge in innovation--matching, if not exceeding, the other great waves this century--followed by an apparent elevation of productivity growth. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc321 | 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 contrast, economic activity declined in Japan during the third quarter after a surge in the first half of the year.
Answer: | neutral | In contrast, economic activity declined in Japan during the third quarter after a surge in the first half of the year. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc904 | 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: This week, the Federal Open Market Committee (FOMC) took another significant step toward achieving our inflation objective by raising the Federal Funds rate target by 75 basis points.
Answer: | hawkish | This week, the Federal Open Market Committee (FOMC) took another significant step toward achieving our inflation objective by raising the Federal Funds rate target by 75 basis points. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc419 | 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 essence, monetary credibility helps the central bank do its job, by inducing private sector participants also to take actions that help achieve the central bank's low inflation objective.
Answer: | hawkish | In essence, monetary credibility helps the central bank do its job, by inducing private sector participants also to take actions that help achieve the central bank's low inflation objective. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc291 | 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: increases in expected inflation will thus tend to promote greater actual inflation.
Answer: | neutral | increases in expected inflation will thus tend to promote greater actual inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc96 | 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: At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accordance with the following domestic policy directive: "Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability.
Answer: | dovish | At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accordance with the following domestic policy directive: "Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc1065 | 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: Total nonfarm payroll employment expanded at a solid pace in July and August.
Answer: | hawkish | Total nonfarm payroll employment expanded at a solid pace in July and August. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc446 | 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: remained below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports.
Answer: | dovish | remained below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. | ['dovish' 'hawkish' 'neutral'] | 0 |
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: Perhaps because those asset prices are important to spending, key macroeconomic indicators, such as the unemployment rate, exhibit a similar pattern.
Answer: | neutral | Perhaps because those asset prices are important to spending, key macroeconomic indicators, such as the unemployment rate, exhibit a similar pattern. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc213 | 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: Despite the uncertainties, the consensus estimates of the NAIRU and the growth of potential give us a hint about what type of landing we should be aiming for and which of the scenarios depicted in figure 1 best describe the economy's initial conditions and prospects.
Answer: | neutral | Despite the uncertainties, the consensus estimates of the NAIRU and the growth of potential give us a hint about what type of landing we should be aiming for and which of the scenarios depicted in figure 1 best describe the economy's initial conditions and prospects. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc843 | 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 Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range 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 Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range 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 |
fomc907 | 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 forecast for headline inflation was in the same range as that for core inflation in 2008 and 2009, reflecting expectations that energy prices would level off and then turn down and that increases in food prices would slow to a pace more in line with core inflation.
Answer: | neutral | The forecast for headline inflation was in the same range as that for core inflation in 2008 and 2009, reflecting expectations that energy prices would level off and then turn down and that increases in food prices would slow to a pace more in line with core inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc455 | 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: It was generally agreed that developments relating to energy would continue to exert upward pressure on prices over the near term, including the passthrough or indirect effects of higher oil prices on core measures of inflation.
Answer: | hawkish | It was generally agreed that developments relating to energy would continue to exert upward pressure on prices over the near term, including the passthrough or indirect effects of higher oil prices on core measures of inflation. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc905 | 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 federal funds rate averaged a little higher than the level expected with an unchanged policy stance, in part because of unexpectedly high demand for reserves in late July and early August.
Answer: | hawkish | The federal funds rate averaged a little higher than the level expected with an unchanged policy stance, in part because of unexpectedly high demand for reserves in late July and early August. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc30 | 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: A third factor underpinning longer-run prospects for growth is the sustained strong uptrend in labor productivity.
Answer: | dovish | A third factor underpinning longer-run prospects for growth is the sustained strong uptrend in labor productivity. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc871 | 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 U. S. international trade deficit narrowed in May, as a large increase in exports of goods and services more than offset a moderate increase in imports.
Answer: | dovish | The U. S. international trade deficit narrowed in May, as a large increase in exports of goods and services more than offset a moderate increase in imports. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc896 | 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 role is largely a reflection of the New York Fed's responsibility for implementing monetary policy decisions through its open market desk operations.
Answer: | neutral | This role is largely a reflection of the New York Fed's responsibility for implementing monetary policy decisions through its open market desk operations. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc66 | 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: Although the moderation in the growth of aggregate demand would help limit inflation pressures over time, the Committee judged that some inflation risks remained.
Answer: | hawkish | Although the moderation in the growth of aggregate demand would help limit inflation pressures over time, the Committee judged that some inflation risks remained. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc161 | 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: Consumer spending firmed somewhat during the first quarter despite the rising unemployment rate and significant financial strains.
Answer: | dovish | Consumer spending firmed somewhat during the first quarter despite the rising unemployment rate and significant financial strains. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc250 | 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: First, I will discuss the available empirical evidence from the United States on the effect of changes in asset prices on household consumption and business investment.
Answer: | neutral | First, I will discuss the available empirical evidence from the United States on the effect of changes in asset prices on household consumption and business investment. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc520 | 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: It would have been difficult for the Committee to put forward a 7 percent unemployment goal when the current program started and unemployment was 8.1 percent; this would have involved a lot of uncertainty about the magnitude of asset purchases required to reach this goal.
Answer: | dovish | It would have been difficult for the Committee to put forward a 7 percent unemployment goal when the current program started and unemployment was 8.1 percent; this would have involved a lot of uncertainty about the magnitude of asset purchases required to reach this goal. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc278 | 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: However, the increase in real GDP was projected to be sufficient to reduce slack in the labor market only slowly, and the unemployment rate was expected to remain elevated at the end of 2012.
Answer: | neutral | However, the increase in real GDP was projected to be sufficient to reduce slack in the labor market only slowly, and the unemployment rate was expected to remain elevated at the end of 2012. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc220 | 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’re talking about the inflation target, basically.
Answer: | neutral | So you’re talking about the inflation target, basically. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1060 | 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 a considerable extent, however, any uptick in inflation expectations likely represented a reversal of anticipated declines in inflation earlier this year when economic prospects had seemed weaker and survey data did not confirm any increase in long-term inflation expectations.
Answer: | neutral | To a considerable extent, however, any uptick in inflation expectations likely represented a reversal of anticipated declines in inflation earlier this year when economic prospects had seemed weaker and survey data did not confirm any increase in long-term inflation expectations. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc676 | 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: Participants expected that fiscal policy would continue to be a drag on economic growth over coming quarters.
Answer: | dovish | Participants expected that fiscal policy would continue to be a drag on economic growth over coming quarters. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc487 | 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: M2 and M3 have posted very large gains in recent months, reflecting the effects of recent System easing actions on market interest rates and shifts of funds by households out of investments in equities and lower-rated corporate debt.
Answer: | dovish | M2 and M3 have posted very large gains in recent months, reflecting the effects of recent System easing actions on market interest rates and shifts of funds by households out of investments in equities and lower-rated corporate debt. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc198 | 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: So it’s a double whammy coming from higher gasoline prices.
Answer: | hawkish | So it’s a double whammy coming from higher gasoline prices. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc384 | 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: In the view of one member, however, aggregate final demand was so strong that, with economic activity and the associated demand for labor having expanded at an unsustainable pace for some time, one could be reasonably confident that inflation would most likely pick up in the absence of policy action.
Answer: | hawkish | In the view of one member, however, aggregate final demand was so strong that, with economic activity and the associated demand for labor having expanded at an unsustainable pace for some time, one could be reasonably confident that inflation would most likely pick up in the absence of policy action. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc867 | 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 October SLOOS suggested that the recent slowdown in mortgage originations for home purchases was partly attributable to weaker demand.
Answer: | dovish | The October SLOOS suggested that the recent slowdown in mortgage originations for home purchases was partly attributable to weaker demand. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc685 | 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: Second, the correction in equity prices points to a downward revision to consumer spending and to business fixed investment and residential construction as well.
Answer: | dovish | Second, the correction in equity prices points to a downward revision to consumer spending and to business fixed investment and residential construction as well. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc260 | 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 unemployment rate was 3.5 percent in February and has been at or near half-century lows for almost two years.
Answer: | neutral | The unemployment rate was 3.5 percent in February and has been at or near half-century lows for almost two years. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc1068 | 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: Total nonfarm payroll employment was reported to have decreased in September, consistent with a substantial increase in the number of people who reported themselves as being absent from work due to bad weather and with payroll declines in the hurricane-affected states of Texas and Florida.
Answer: | dovish | Total nonfarm payroll employment was reported to have decreased in September, consistent with a substantial increase in the number of people who reported themselves as being absent from work due to bad weather and with payroll declines in the hurricane-affected states of Texas and Florida. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc219 | 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 you’re right, you’re seeing—I, I can’t remember the number, but it might be in the 3s—3, 3½ percent growth for next year.
Answer: | neutral | So you’re right, you’re seeing—I, I can’t remember the number, but it might be in the 3s—3, 3½ percent growth for next year. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc928 | 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 members also agreed that the risks remained weighted mainly in the direction of greater inflation pressures and that further tightening actions might be necessary to bring about financial conditions that were sufficiently firm to contain upward pressures on labor costs and prices.
Answer: | hawkish | The members also agreed that the risks remained weighted mainly in the direction of greater inflation pressures and that further tightening actions might be necessary to bring about financial conditions that were sufficiently firm to contain upward pressures on labor costs and prices. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc313 | 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 considering the effectiveness of the operating regime, the staff observed that over recent years, the Federal Reserve had been able to implement monetary policy in an environment with ample reserves by adjusting administered rates--including the rates on required and excess reserve balances and the offered rate at the overnight reverse repurchase agreement facility--without needing to actively manage the supply of reserves.
Answer: | neutral | In considering the effectiveness of the operating regime, the staff observed that over recent years, the Federal Reserve had been able to implement monetary policy in an environment with ample reserves by adjusting administered rates--including the rates on required and excess reserve balances and the offered rate at the overnight reverse repurchase agreement facility--without needing to actively manage the supply of reserves. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc293 | 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: core CPI inflation remained low.
Answer: | hawkish | core CPI inflation remained low. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc833 | 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 tendency may be natural to allow more flexibility when central banks are focused on inflation maintenance than when they seek inflation reduction.
Answer: | dovish | The tendency may be natural to allow more flexibility when central banks are focused on inflation maintenance than when they seek inflation reduction. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc642 | 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: Once such expectations became imbedded in the economy, even stronger policy actions would be required in order to reestablish a downward trend of inflation.
Answer: | hawkish | Once such expectations became imbedded in the economy, even stronger policy actions would be required in order to reestablish a downward trend of inflation. | ['dovish' 'hawkish' 'neutral'] | 1 |
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: I guess I would also urge you to remember that when you look at the projections, that there are many factors that affect those projections, and changes in tax policy—that’s only one of a number of factors, including incoming data that has, to some extent, altered the outlook for growth and inflation.
Answer: | neutral | I guess I would also urge you to remember that when you look at the projections, that there are many factors that affect those projections, and changes in tax policy—that’s only one of a number of factors, including incoming data that has, to some extent, altered the outlook for growth and inflation. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc802 | 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: several others thought that progress in achieving the Committee's inflation objective might lag if further appreciation of the dollar continued to depress non-energy commodity prices or if inflation was slow to respond to tighter resource utilization.
Answer: | neutral | several others thought that progress in achieving the Committee's inflation objective might lag if further appreciation of the dollar continued to depress non-energy commodity prices or if inflation was slow to respond to tighter resource utilization. | ['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: In any case, we, our job is to deliver price stability, and I think—you can think of price stability as an asset that just delivers large benefits to society over a long period of time.
Answer: | hawkish | In any case, we, our job is to deliver price stability, and I think—you can think of price stability as an asset that just delivers large benefits to society over a long period of time. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc517 | 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: It will be a while before we can be sure that a self-sustaining expansion is underway of sufficient strength and persistence to put the economy back on a path toward full employment.
Answer: | dovish | It will be a while before we can be sure that a self-sustaining expansion is underway of sufficient strength and persistence to put the economy back on a path toward full employment. | ['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 a nutshell, I believe that the factors of globalization, deregulation, and financial innovation, arising partly in response to episodes of high inflation, have effectively eroded the central bank monopoly on the provision of monetary services and have enhanced global competition among currencies.
Answer: | neutral | In a nutshell, I believe that the factors of globalization, deregulation, and financial innovation, arising partly in response to episodes of high inflation, have effectively eroded the central bank monopoly on the provision of monetary services and have enhanced global competition among currencies. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc403 | 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 their discussion of the economic situation and the outlook, meeting participants viewed the information received over the intermeeting period as suggesting that economic activity had been expanding moderately despite the global economic and financial developments of recent months.
Answer: | neutral | In their discussion of the economic situation and the outlook, meeting participants viewed the information received over the intermeeting period as suggesting that economic activity had been expanding moderately despite the global economic and financial developments of recent months. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc170 | 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 this is largely accounted for by a convergence of inflation rates.
Answer: | neutral | But this is largely accounted for by a convergence of inflation rates. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc748 | 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 International Monetary Fund projects that global economic growth in 2019 will be the slowest since the financial crisis.
Answer: | dovish | The International Monetary Fund projects that global economic growth in 2019 will be the slowest since the financial crisis. | ['dovish' 'hawkish' 'neutral'] | 0 |
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: For the Monetary Policy Committee (MPC) at the Bank of England, they find heterogeneous views among voters, but no systematic differences based on whether the MPC member is an insider--that is part of the hierarchy at the Bank--or an outsider appointed for a short term just to the MPC; whether the person comes from an academic background; or whether that person has worked at the Treasury.
Answer: | neutral | For the Monetary Policy Committee (MPC) at the Bank of England, they find heterogeneous views among voters, but no systematic differences based on whether the MPC member is an insider--that is part of the hierarchy at the Bank--or an outsider appointed for a short term just to the MPC; whether the person comes from an academic background; or whether that person has worked at the Treasury. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc952 | 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: Under this interpretation, the lower line in the bottom panel of Figure 1 is an estimate of market inflation expectations over the next five years, and the upper line represents five-year forward expectations of inflation, that is, today's expectation of what average inflation will be between 2009 and 2014.
Answer: | neutral | Under this interpretation, the lower line in the bottom panel of Figure 1 is an estimate of market inflation expectations over the next five years, and the upper line represents five-year forward expectations of inflation, that is, today's expectation of what average inflation will be between 2009 and 2014. | ['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: But, by June, prices had risen 4 percent over the previous 12 months, ticked up to 4.2 percent in July, and increased further to 4.3 percent in August.
Answer: | hawkish | But, by June, prices had risen 4 percent over the previous 12 months, ticked up to 4.2 percent in July, and increased further to 4.3 percent in August. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc931 | 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 members generally agreed that, if necessary, their concerns about rising inflation could be addressed at the meeting in early February.
Answer: | hawkish | The members generally agreed that, if necessary, their concerns about rising inflation could be addressed at the meeting in early February. | ['dovish' 'hawkish' 'neutral'] | 1 |
fomc1083 | 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: While anecdotal reports suggested that softening was confined to only a few areas, the delayed effects of the drop in stock market prices and forecasts of slower employment and income growth suggested some moderation in housing activity at some point.
Answer: | dovish | While anecdotal reports suggested that softening was confined to only a few areas, the delayed effects of the drop in stock market prices and forecasts of slower employment and income growth suggested some moderation in housing activity at some point. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc341 | 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 light of asset market developments over the intermeeting period, which in large part appeared to reflect heightened expectations among investors that the Federal Reserve would undertake additional purchases of longer-term securities, the November forecast was conditioned on lower long-term interest rates, higher stock prices, and a lower foreign exchange value of the dollar than was the staff's previous forecast.
Answer: | dovish | In light of asset market developments over the intermeeting period, which in large part appeared to reflect heightened expectations among investors that the Federal Reserve would undertake additional purchases of longer-term securities, the November forecast was conditioned on lower long-term interest rates, higher stock prices, and a lower foreign exchange value of the dollar than was the staff's previous forecast. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc689 | 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 noted the considerable uncertainty surrounding estimates of the output and unemployment gaps and the extent of their effects on prices.
Answer: | neutral | Participants noted the considerable uncertainty surrounding estimates of the output and unemployment gaps and the extent of their effects on prices. | ['dovish' 'hawkish' 'neutral'] | 2 |
fomc736 | 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 Decline in Long-Term Interest Rates and the Role of Monetary Policy One of the most remarkable and fundamental changes in the global financial landscape over the past three decades has been the steady and significant decline in global sovereign bond yields.
Answer: | dovish | The Decline in Long-Term Interest Rates and the Role of Monetary Policy One of the most remarkable and fundamental changes in the global financial landscape over the past three decades has been the steady and significant decline in global sovereign bond yields. | ['dovish' 'hawkish' 'neutral'] | 0 |
fomc677 | 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: Relative to the average episode, commercial real estate prices neither fell much during the recession nor rose a lot during the expansion.
Answer: | neutral | Relative to the average episode, commercial real estate prices neither fell much during the recession nor rose a lot during the expansion. | ['dovish' 'hawkish' 'neutral'] | 2 |