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Bloomberg Businessweek

60,000 Headlines Show Powell's Hawkish Pivot Has Just Begun

Apr 29, 2024
Bloomberg Economics Chief Economist discusses Powell's hawkish pivot post-dovish stance. Bloomberg News Power Editor talks about nuclear power's evolving US future. The Venetian Resort CEO shares plans for a $1.5 billion reinvestment project. Susan Kennedy, CEO of Cadiz, dives into the business of water storage. Hosts Carol and Tim lead a dynamic discussion with expert insights on critical economic topics.
44:48

Podcast summary created with Snipd AI

Quick takeaways

  • Fed Speak Tool identified Powell's dovish pivot in December, hinting at an upcoming hawkish shift.
  • Interest in nuclear power plant resurgence driven by climate change urgency and its clean energy potential.

Deep dives

Fed Speak Tool Analysis

The Fed Speak Tool, powered by natural language processing, analyzes over 60,000 headlines to determine the Fed's stance on policy. It identified a major pivot towards a dovish stance in December. However, with rising demand and inflation, Powell has hinted at a cautious shift back to a hawkish approach. The tool provides insights not easily detectable from news headlines alone, guiding expectations for future Fed decisions.

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