Using Powell’s Past Language to Predict His Next Move
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A new natural language processing model aims to predict the next move of the US Federal Reserve based on Chair Powell's past language. At the end of last year, Powell hinted at cutting interest rates to stave off an expected recession. Now, five months into 2024, he is poised to pivot again. The latest Fed meeting is currently underway, and the model may provide insights into what's next.



https://www.bloomberg.com/news/articles/2024-05-01/natural-language-processing-model-aims-to-predict-next-fed-interest-rate-move