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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.
Bloomberg Economics' Fed sentiment index, crafted from a trove of over 60,000 Fed-related headlines, reveals pivotal shifts in sentiment.
US policymakers are widely expected to hold rates steady at a more than two-decade high this week, so much of the focus will be on any pivot from the Fed chairman.
(Bloomberg) -- Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell.Most Read from BloombergMusk Leaves China With Tesla Driving Software Hurdles ClearedMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Rebounds Strongly After First Slide Past 160 Since 1990Yen Watchers Ask When Japan Will Step In as Slide AcceleratesBloomberg Economics’ Fed sentiment index — powered by
(Bloomberg) -- The Federal Reserve is stuck in a mode of forecasting and public communication that looks increasingly limited, especially as the economy keeps delivering surprises.Most Read from BloombergTikTok Set to Remove Executive Tasked With Fending Off US ClaimsTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTraders Are Cashing Out of Markets En MasseUS House Passes $95 Billion in Aid to Ukraine, Israel and TaiwanThe issue is not the forecasts themselves, though they’ve frequen