{
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  "record_id": "CMSIG2026060501",
  "record_slug": "fed-cut-25bps-in-single-meeting-kalshi-10-2026-06-05",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-06-05T17:44:14.000Z",
  "semantic_title": "Fed jumbo cut consensus breaks away after hot jobs data",
  "telemetry": "Kalshi 10%",
  "headline": "Fed cut >25bps in single meeting: Kalshi 10%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "target_event_id": "CM-EVT-RWRZ1R3SD6",
  "target_event_slug": "kxlargecut-26",
  "event_question": "Will the Federal Reserve cut interest rates by more than 25 basis points in a single action this year?",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "kalshi",
    "platform_market_id": "KXLARGECUT-26",
    "question_raw": "Will the Fed cut rates more than 25 bps in 2026?",
    "current_price": 0.104,
    "volume_24h_usd": 26.64,
    "arbitration_model": "kalshi_staff",
    "resolution_source": "Federal Reserve",
    "resolves_at": "2027-01-01T15:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Kalshi puts only 10% on the Fed cutting more than 25 basis points in a single meeting, reflecting deeply suppressed easing expectations.",
    "May's blowout jobs print is consistent with this low probability, reinforcing that aggressive cuts are off the table for now.",
    "New Fed Chair Kevin Warsh inherits an economy with inflation above 2% for five straight years, complicating any dovish pivot.",
    "Companion Kalshi contract on any Fed cut before 2027 sits at just 19%, underscoring the market's view that even modest easing is unlikely this year."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "Jeff Cox",
          "source_url": "https://www.cnbc.com/2026/06/05/hot-jobs-report-puts-fed-cuts-further-out-of-reach-as-chair-warsh-faces-policy-tests.html",
          "retrieved_at": "2026-06-06T10:00:26+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": "May payrolls surged 172,000, beating forecasts and pushing Fed rate-cut expectations further out as new Chair Kevin Warsh faces a stagflationary policy dilemma.",
      "publisher": "Jeff Cox",
      "published_at": "2026-06-05T17:44:14.000Z",
      "source_url": "https://www.cnbc.com/2026/06/05/hot-jobs-report-puts-fed-cuts-further-out-of-reach-as-chair-warsh-faces-policy-tests.html"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Kalshi contract resolves via Federal Reserve official rate decision; a 50bps-or-larger cut in any single meeting would be required for resolution."
    }
  ],
  "sources": [
    {
      "label": "Jeff Cox: Hot jobs report puts Fed cuts further out of reach as Chair Warsh face",
      "url": "https://www.cnbc.com/2026/06/05/hot-jobs-report-puts-fed-cuts-further-out-of-reach-as-chair-warsh-faces-policy-tests.html",
      "published_at": "2026-06-05T17:44:14.000Z",
      "retrieved_at": "2026-06-06T10:00:26+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/fed-cut-25bps-in-single-meeting-kalshi-10-2026-06-05/",
    "json": "https://clearmarket.fyi/signals/fed-cut-25bps-in-single-meeting-kalshi-10-2026-06-05.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"
}