Does the evolving set of artificial intelligence (AI) platforms based on large language models have sensible forecasts for the path of Federal Reserve target federal funds rate? As a simple exploration, we pose to each of Grok, ChatGPT, Claude, Perplexity and Gemini the following prompt eliciting such forecasts:
Please use all information available to date to provide your unique, concise forecast of Federal Reserve Open Market Committee actions on the target range for the federal funds rate over the next 12 months.
We then compile and compare responses from AI panel members. Using responses to the prompt as posed in mid-September 2026, we find that:
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