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Kalshi Better at Predicting FOMC Rate Decisions, US CPI Than Fed Funds Futures: FED Research
📰 sources⭐ 6.0
TL;DR:
A Federal Reserve Board study focused on the accuracy of prediction markets’ data for macroeconomic forecasts found that Kalshi is more accurate than Fed funds futures and economist surveys. Kalshi has perfectly predicted every FOMC rate decision since 2022 and beats Bloomberg on US CPI inflation da...
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.