According to reports, the world's largest investment bank JPMorgan has created an artificial intelligence (AI) technology to analyze Federal Reserve speeches and remarks to find potential trade signals.
According to a report by Bloomberg on April 27, the Wall Street investment bank is analyzing central bankers' remarks using a linguistic model based on ChatGPT.
Related: Will ChatGPT be banned?
The bank has coined the term "Hawk-Dove Score" to describe how these Fed policy signals will be assessed on a scale from easy to restrictive.
In terms of monetary policy, "hawkish" refers to increasing interest rates in order to keep inflation in check. The "Dovish" alternative, which supports a monetary policy of expansion and lower rates, is the opposite.
Analysts will be able to identify policy changes using the AI
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First found on: AI tool created by JPMorgan analyzes Fed speeches to signal trades
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