Text mining FOMC Minutes 2024-05-01
Within the field of text mining, this project breaks down the FOMC Minutes making plots out of words. What did they say? And what did they mean?
To be able to to compare Minutes by different length with each other, everything below is set in relation to total the number of words or paragraph in their respective Minutes. Please see github for methodology.
Table of Contents
General sentiment
Net sentiment
Net sentiment is calculated by extracting all positive and negative words, and then taking the difference between these divided by the total number of words. 
Intensifier index
Intensifier-index shows the magnitude of the net sentiment by setting positive and negative words in combination with intensifier words (e.g. extremely, significant, sharply etc).
Strong-Weak-Moderate - Index
Key-words-O-Meters
Economic and financial market conditions
Economic topics
Financial markets
Policy toolbox and topics
Policy toolbox
Policy key words
In deeper breakdown
Inflation
Labor market
Asset purchases
