AI tool created by JPMorgan analyzes Fed speeches to signal trades By Cointelegraph

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© Reuters.

Investment banking giant JPMorgan (NYSE:) 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 model to digest comments from United States central bankers.

Fed and FOMC Hawk-Dove score Source: Bloomberg