{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026102408",
  "record_slug": "ecb-cuts-rates-in-2026-polymarket-5-2026-10-24",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-10-24T00:00:00.000Z",
  "semantic_title": "ECB rate cut in 2026 remains a long shot at 5 percent",
  "telemetry": "Polymarket 5%",
  "headline": "ECB cuts rates in 2026: Polymarket 5%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "status": {
    "state": "live",
    "as_of": "2026-10-25",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-JDWKB50KQ6",
  "target_event_slug": "ecb-rate-cut-in-2026",
  "event_question": "Will the European Central Bank cut interest rates in 2026?",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "polymarket",
    "platform_market_id": "0x7afb0968d23370cf4daf85e6a483c45197181ffbc26122465af70ee15e56d286",
    "question_raw": "ECB rate cut in 2026?",
    "current_price": 0.05,
    "volume_24h_usd": 0,
    "arbitration_model": "uma_oracle",
    "resolves_at": "2026-12-31T00:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Polymarket puts only 5% odds on the European Central Bank cutting interest rates at any point in 2026.",
    "The story expects the ECB to hold at its upcoming meeting, and the Polymarket contract prices any 2026 cut as a tail scenario for the full year.",
    "With the Fed also on hold at 4.0-4.25% per Kalshi pricing, both major central banks are seen as stuck in their current stances through year-end.",
    "Polymarket resolves via UMA oracle on an official ECB rate announcement; the contract covers any cut at any remaining 2026 meeting, not just the next one."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "Dow Jones Newswires staff",
          "source_url": "https://www.wsj.com/economy/week-ahead-for-fx-bonds-decisions-from-fed-other-central-banks-in-focus-92a52730",
          "retrieved_at": "2026-10-25T12:56:07+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active polymarket market"
      },
      "story": "The Federal Reserve and ECB are both expected to keep interest rates on hold at their upcoming meetings, with the Fed decision the highlight of the week ahead for FX and bond markets.",
      "publisher": "Dow Jones Newswires staff",
      "published_at": "2026-10-24T00:00:00.000Z",
      "source_url": "https://www.wsj.com/economy/week-ahead-for-fx-bonds-decisions-from-fed-other-central-banks-in-focus-92a52730"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Polymarket at 5% prices ECB easing in 2026 as nearly impossible, consistent with the Fed hold narrative and persistent inflation across both economies."
    }
  ],
  "sources": [
    {
      "label": "Dow Jones Newswires staff: Week Ahead for FX, Bonds: Decisions From Fed, Other Central Banks in F",
      "url": "https://www.wsj.com/economy/week-ahead-for-fx-bonds-decisions-from-fed-other-central-banks-in-focus-92a52730",
      "published_at": "2026-10-24T00:00:00.000Z",
      "retrieved_at": "2026-10-25T12:56:07+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "polymarket_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/ecb-cuts-rates-in-2026-polymarket-5-2026-10-24/",
    "json": "https://clearmarket.fyi/signals/ecb-cuts-rates-in-2026-polymarket-5-2026-10-24.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"
}