How the Fed Moves Markets

Evan A. Schnidman and William D. MacMillan founded Prattle, a text analytics company, to showcase their novel methodology and innovative financial data on central bank communications. CEO Schnidman holds a PhD from Harvard University, USA, and has extensive experience in finance and political economy. CTO MacMillan holds a PhD from the University of Michigan, USA, and has substantial experience as both a professional statistician and a corporate data scientist.

PART I: EMERGENCE AND EVOLUTION: THE STORY OF THE FED1. Origins: From Chaos to Structure2. Independence: Wars, Depression, and Politics3. Centralization: The Rise of Technology4. Transparency: Data Meets DemocracyPART II: FED WATCHING: SENTIMENT ANALYSIS AND DATA DRIVEN INVESTING5. The Briefcase Watch: Fed watching at its Finest?6. Data Driven Watching: Comprehensive, Unbiased, and Quantitative 7. Fixed Income Investing: Fed Sentiment Drives Bonds8. Equity Market Investing: Macro Matters9. Forecasting Policy: Market Response to Fed Communications Trends10. Forex Investing: Central Bank Sentiment Data across the GlobePART III: GLOBAL MONETARY POLICY: ANALYZING CENTRAL BANKS AROUND THE WORLD11. ECB Sentiment: Decoding a Complex Monetary Union12. BOE Sentiment: The Origin of Modern Central Bank Communications 13. BOJ Sentiment: Monetary Clues in Lost Decades14. RBA Sentiment: Australia as a Proxy for China 15. Global Sentiment: International Central Bank Transparency