Hawkish – DIGIT INFO

AI tool created by JPMorgan analyzes Fed speeches to signal trades

DIGIT — Fri, 28 Apr 2023 04:25:23 +0000

The investment bank uses OpenAI’s ChatGPT to sniff out trading signals from Federal Reserve policy statements.

Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December

DIGIT — Wed, 30 Nov 2022 22:00:21 +0000

Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3.11% to $860 billion, while the top four stock indexes jumped between 2% to 5% higher on Nov. 30. Stocks, Crypto, and Precious Metal Markets Jump Higher Against the Greenback […]

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US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

DIGIT — Wed, 15 Jun 2022 19:15:10 +0000

The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by 75 bps, Global Markets See Slight Rebound […]

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JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed

DIGIT — Tue, 14 Jun 2022 03:34:19 +0000

The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in a 95% chance that the […]

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