What 60,000 headlines say about the Fed’s next move
What 60,000 headlines say about the Fed’s next move
29/4/2024 6:21

Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell.

Bloomberg Economics’ Fed sentiment index — powered by a natural language processing algorithm based on more than 60,000 Fed headlines — shows that in December, Powell delivered a major pivot. By hinting at a swifter shift toward rate cuts, he gave markets a boost and helped the economy dodge a downturn.

Source: Bloomberg

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