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AI is ‘absolutely useless’ at forecasting inflation. This proven model is 12 times more accurate.
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global_markets 60/10 MarketWatch Top Stories · 10h ago

AI is ‘absolutely useless’ at forecasting inflation. This proven model is 12 times more accurate.

A “low-tech” tool from the Cleveland Fed consistently outperforms generative AI, which has struggled to provide reliable forecasts.

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