Read the Fed like the desk does.
Statement diffs, historical reaction playbooks, live tone scoring, and a market-vs-Fed divergence gauge — the Fed communication record, made legible. Historical analytics, not investment advice.
Six surfaces, one communication record
Statement diff engine
Every FOMC statement compared line-by-line against the last.
Historical playbooks
The historical median market reaction for each statement-language pattern.
Whisperer alerts
Byline alerts when tracked Fed-whisperer journalists publish.
Divergence gauge
Where the market's priced rate path sits versus the Fed's own projections.
Live tone scoring
Dovish-to-hawkish tone scored in real time as communication streams in.
Exposure & scenarios
Map your positions to estimated rate-decision sensitivity and model scenarios.
See a real pivot, diffed
When the January 2024 statement dropped the door to more hikes and added the first reference to gaining confidence on inflation, the diff engine flagged it line-by-line — from the real FOMC text.
In determining the extent of any additional policy firming that may be appropriate to return inflation to 2 percent over time… The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.
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Read the record before the next decision
Free to start. No credit card to see the historical Fed communication record.