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Study finds Kalshi federal funds forecasts rival New York Fed survey of professional forecasters over about 150 days, BitRss reports
- Study finds Kalshi federal funds forecasts rival New York Fed survey of professional forecasters over about 150 days, BitRss reports — BitRss reported a recent study found Kalshi implied forecasts for the federal funds target rate delivered average absolute error over roughly a 150-day horizon comparable to the Federal Reserve Bank of New York Survey of Professional Forecasters. The report said the roughly three-meeting horizon results suggest real-money, continuously updated markets could provide policymakers with a live benchmark for macroeconomic expectations. (BitRss)
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