Published on Thursday, September 29, 2016 | Updated on Thursday, September 29, 2016

U.S. | Interpreting the Fedspeak: text analysis on FOMC statements

Summary

Sentiments in FOMC statements can be used to analyze monetary policymaking. The peak of the uncertain sentiment precedes the Great Recession, making it a potential indicator for the worst scenario. Sentiments in the statements are significantly correlated with VIX and yield spread

Geographies

Authors

Kan Chen

Documents and files


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Report (PDF)

160927_US_Fedspeak

English - September 29, 2016

Report (PDF)

160929_US_Fedspeak_esp

Spanish - September 29, 2016

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