ChatGPT was even able to explain its classifications of Fed policy statements in a way that resembled the central bank’s own analyst, who also interpreted the language to act as a human benchmark for the study
Two new papers have been published this month that deployed the artificial intelligence chatbot in market-relevant tasks one in deciphering whether Federal Reserve statements were hawkish or dovish, and one in determining whether headlines were good or bad for a stock.
The first wave of academic research applying ChatGPT to the world of finance is arriving - and judging by early results, the hype of the past few months is justified.
ChatGPT can decode Fed speak, predict stock moves from headlines spokesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokesman.com Daily Mail and Mail on Sunday newspapers.