Global Data Pod Research Rap: Launching JPMorgan’s central bank natural language processor for the Fed and ECB

In this week’s Research Rap of the Global Data Pod, Bruce Kasman is joined by Joe Lupton to discuss the launch of our natural language processor (NLP) tracking Fed, ECB and BoE communication. The output of this analysis is synthesized in the J.P. Morgan Hawk-Dove Score (HDS) that generates a deep archive of central bank policy statements and speeches. It tracks well the generally perceived shifts in central bank attitudes over the past few decades. At this week’s meetings the HDS highlights the dovish tilt at both central bank press conferences. For the Fed, the HDS fell to its least hawkish stance in nearly a year. For the ECB, the press conference maintains a more hawkish stance than last year’s meetings. 

 

 

 

This podcast was recorded on May 4, 2023. 

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4395521-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.