{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026101902",
  "record_slug": "core-cpi-year-over-year-range-ladder-implies-2-8-2-9-2026-10-19",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-10-19T06:58:15.000Z",
  "semantic_title": "Core CPI inflation path seen near 2.8-2.9 percent",
  "telemetry": "Kalshi ladder",
  "headline": "Core CPI year-over-year range: ladder implies 2.8-2.9%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "status": {
    "state": "live",
    "as_of": "2026-10-21",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-BXDL61HVR9",
  "target_event_slug": "kxcpicoreyoy-26nov",
  "event_question": "Core CPI year-over-year rate",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "kalshi",
    "platform_market_id": "KXCPICOREYOY-26NOV-T2.9",
    "question_raw": "Will the rate of core CPI inflation be above 2.9% for the year ending in November 2026?",
    "current_price": 0.41,
    "volume_24h_usd": 9.78,
    "arbitration_model": "kalshi_staff",
    "resolution_source": "Bureau of Labor Statistics",
    "resolves_at": "2026-12-17T15:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "The Kalshi ladder prices 57% above 2.8% and 41% above 2.9%, implying consensus sits in the 2.8-2.9% range for the reference core CPI print.",
    "Trading volume on this ladder rose 187x day-over-day, a strong signal the September 3.7% headline CPI beat is drawing fresh positioning on the disinflation path.",
    "The 8% Kalshi contract on sub-2.2% core CPI (CM-EVT-K0L95NMQ77) and this 2.8-2.9% ladder are mutually consistent: both price a slow, incomplete disinflation trajectory.",
    "Resolution depends on the BLS CPI release; the ladder's implied 2.8-2.9% range is well below the current 3.7% headline, reflecting an expectation that energy-driven spikes are partly transient."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "investing.com",
          "source_url": "https://www.investing.com/analysis/economic-week-ahead-hot-inflation-meets-a-critical-week-for-corporate-earnings-200689787",
          "retrieved_at": "2026-10-21T07:48:07+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market"
      },
      "story": "September CPI beat forecasts at 3.7% year-over-year as gasoline prices surged, raising questions about the pace of disinflation into year-end.",
      "publisher": "investing.com",
      "published_at": "2026-10-19T06:58:15.000Z",
      "source_url": "https://www.investing.com/analysis/economic-week-ahead-hot-inflation-meets-a-critical-week-for-corporate-earnings-200689787"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Volume surge of 187x day-over-day on the Kalshi ladder confirms the September CPI beat is actively repricing the disinflation timeline."
    }
  ],
  "sources": [
    {
      "label": "investing.com: Economic Week Ahead: Hot Inflation Meets a Critical Week for Corporate",
      "url": "https://www.investing.com/analysis/economic-week-ahead-hot-inflation-meets-a-critical-week-for-corporate-earnings-200689787",
      "published_at": "2026-10-19T06:58:15.000Z",
      "retrieved_at": "2026-10-21T07:48:07+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/core-cpi-year-over-year-range-ladder-implies-2-8-2-9-2026-10-19/",
    "json": "https://clearmarket.fyi/signals/core-cpi-year-over-year-range-ladder-implies-2-8-2-9-2026-10-19.json"
  },
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "_provenance_registry": {
    "direct": "Unaltered extraction from primary venue/source API (e.g., polymarket_clob_api, kalshi_api, BLS, FRED). Highest trust tier.",
    "mediated": "Information fetched via grounded agentic retrieval (e.g., perplexity_grounded). MUST carry source_url to the underlying primary source.",
    "derived": "Algorithmic computation from listed inputs. Chain only as fresh as the oldest input timestamp (see as_of).",
    "editorial": "Interpretive classification produced by a versioned LLM prompt template (prompts auditable in github.com/JDSource/clearmarket/prompts)."
  },
  "_provenance_canonical": "https://clearmarket.fyi/schema/provenance/v1"
}