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.
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
What 60,000 Headlines Say About the Fed s Next Move bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.