Category: Hawkish

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AI tool created by JPMorgan analyzes Fed speeches to signal trades

The investment bank uses OpenAI’s ChatGPT to sniff out trading signals from Federal Reserve policy statements. Investment banking giant JPMorgan has reportedly unveiled an artificial intelligence (AI) tool to analyze Federal Reserve statements and speeches to detect potential trading signals. On April 27, Bloomberg reported the Wall Street investment bank is using a ChatGPT-based language…
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JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed

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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