{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG20261016VS01",
  "record_slug": "will-the-federal-reserve-hike-rates-by-2-vol-14447",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-10-16T12:59:44+00:00",
  "semantic_title": "Odds of a January Fed hike hold at 25%",
  "telemetry": "25% · $14K 24h",
  "headline": "Fed Jan 2027 hike: 25% on $14K Kalshi surge",
  "category_tag": "VOLUME_SPIKE",
  "secondary_tags": [],
  "detection_path": "volume_spike",
  "pre_news_classification": "pre_news",
  "status": {
    "state": "live",
    "as_of": "2026-10-21",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-NPLFGMTJW3",
  "target_event_slug": "kxfeddecision-27jan",
  "event_question": "Will the Federal Reserve make a decision in January 2027?",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "kalshi",
    "platform_market_id": "KXFEDDECISION-27JAN-H25",
    "question_raw": "Will the Federal Reserve Hike rates by 25bps at their January 2027 meeting?",
    "current_price": 0.25,
    "volume_24h_usd": 14447.89,
    "volume_cumulative_usd": 31416.88,
    "arbitration_model": "kalshi_staff",
    "resolves_at": "2027-01-27T19:05:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Kalshi prices a 25bps January 2027 Fed hike at exactly 25%, a live tail risk, not consensus.",
    "24h volume of $14K represents 46% of all-time activity, a sharp single-day acceleration.",
    "Fresh positioning likely triggered by inflation data or Fed communication shifting rate-path expectations.",
    "Contract resolves on the January 2027 FOMC decision."
  ],
  "atomic_claims": [
    {
      "type": "volume_anomaly",
      "provenance": "24h + cumulative volume direct from kalshi API; intensity = 24h/cumulative (derived)",
      "field_provenance": {
        "volume_24h_usd": {
          "tier": "direct",
          "method": "kalshi_api"
        },
        "intensity": {
          "tier": "derived",
          "method": "arithmetic",
          "inputs": [
            "volume_24h_usd",
            "volume_cumulative_usd"
          ]
        }
      },
      "liquidity_context": {
        "kalshi_vol_24h_usd": 14447.89
      }
    }
  ],
  "sources": [
    {
      "label": "ClearMarket market record: Will the Federal Reserve make a decision in January 202",
      "url": "https://clearmarket.fyi/events/kxfeddecision-27jan",
      "retrieved_at": "2026-10-16T12:59:44+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "retrieval_grounded",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/will-the-federal-reserve-hike-rates-by-2-vol-14447/",
    "json": "https://clearmarket.fyi/signals/will-the-federal-reserve-hike-rates-by-2-vol-14447.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"
}