Technology
How EconFactor combines NLP on FOMC communications with market data and interactive visualization.
Flask
ECharts
Pandas
FinBERT
Monthly data
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Model
Using a fine-tuned FinBERT model specialized for Federal Reserve communications, we measure the sentiment expressed in FOMC statements. The model identifies subtle changes in policymakers’ tone toward the economy, producing a continuous index that reflects evolving confidence or concern.
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Data & Transforms
- FOMC sentiment: economic tone extracted from FOMC statements, displayed as a smoothed measure of recent sentiment.
- Forward returns:
Fwd12m = Close[t+12] / Close[t] − 1. Recent months can benulluntil future prices exist.
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App
- Backend: Flask, pandas;
/dataserves compact JSON. - Frontend: ECharts, Tailwind + DaisyUI.
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Notes
- Sentiment ≠ signal; markets respond to many factors beyond policy language.
- Last ≈12 rows of forward returns can be
nulluntil future prices exist. - Caching is in-process with a configurable TTL.
End of pipeline