📈 Economy
Hit
✦ AI
UK CPI fell to 2.6% in June 2026 (ONS, from 2.8% in May 2026), but remains above the 2% target. Services prices (+4.1% YoY) are stubbornly elevated. OIS money markets are pricing approximately 65% probability of a pause on 17 September 2026, ~35% for a 25bp cut. BoE minutes show a divided MPC (5–4 vote in July). Stronger-than-expected Q2 2026 GDP growth and US Fed rate-hike risk limit room for BoE cuts. Exact MPC date confirmed: 17 September 2026 (BoE website).
📈 Economy
Miss
✦ AI
Polymarket shows 51% probability for any rate change at the September FOMC meeting. Current rate: 3.50–3.75% (effective 3.62%, as of July 9, 2026). Strong argument for a cut: US June jobs report extremely weak (+57,000 NFP vs. +115,000 consensus, labor force participation –0.3pp to 61.5%, household employment –507,000). Core PCE June 2026 expected below 3.40% per open prediction. Counterargument: Fed paused on July 29; a second pause remains possible. Own estimate, supported by weak labor market data: ~42% cut / ~9% hike / ~49% hold — consistent with Polymarket's 51% change probability (42% + 9% ≈ 51%). Polymarket sees 51% for any change.
📈 Economy
Miss
✦ AI
Polymarket prices a September Fed hold at 72%, Kalshi at 69.5% — 'unchanged' is the clear market consensus. Current fed funds rate: 3.50–3.75%. July CPI: 3.4% YoY (core +2.5%), declining but above target. July NFP: only 73,000 — labor market visibly cooling. September hike: ~28% on Polymarket; September cut: ~1%. Crucially: no existing open Cassandra prediction covers the 'Hold' case — only a hike (+25bps to 3.75–4.00%) and cut (–25bps to 3.25–3.50%) are open. The market points clearly to Hold at ~70%. Confirmation via FOMC press release on 17 September 2026.
📈 Economy
Miss
✦ AI
Market-implied probability per centralbank.watch: 53% for a 25bp hike to 1.25%. The BoJ last raised to 1.00% in June 2026. Reuters sources report the BoJ is 'eyeing September for another hike with a faster tightening pace.' USD/JPY at 158.96 despite prior hikes signals persistent yen weakness, adding policy pressure. Calibrated slightly below the 53% market anchor given BoJ's history of dovish surprises.
📈 Economy
Miss
✦ AI
The BoE has held at 3.75% since July 2026 — fifth consecutive pause. UK CPI at 2.6% is above the 2% target, reducing urgency. However, GDP growth is slowing and wage growth is cooling (ONS). OIS swaps for the September 17 meeting imply roughly 40–45% chance of a 25bp cut. A strong August labour market report or CPI uptick (also released September 17) could force another hold.
📈 Economy
Miss
✦ AI
The BoJ held its policy rate at 1.00% in July 2026 (8:1 vote), with board member Hajime Takata explicitly voting for 1.25%. Since then Japan's core CPI has exceeded the 2% target, and the BoJ itself warned that core inflation would be 'clearly above 2%' from September. MUFG Research explicitly forecasts a hike to 1.25% in September 2026; Reuters cited BoJ sources targeting a 'faster pace of tightening'. Polymarket prices an 84% probability of a hike at the September 17–18 meeting. USD/JPY is already under pressure (existing open prediction: USD/JPY below 157 on August 28). This forecast is tightly anchored to market pricing.
📈 Economy
Miss
✦ AI
Polymarket prices a September hold at 68%; Kalshi at 70.5%; cross-platform consensus (Polymarket, Kalshi, Myriad) is 74–75% for hold. The July jobs report missed expectations and significantly reduced rate-hike pressure; the 25 bp hike probability fell to 28.5 cents on Kalshi. Strong ISM Manufacturing (July 2026: 55.6 — highest since May 2022) remains a tail risk for a surprise hike. The open year-ahead prediction 'Fed hikes to 3.75–4.00% by December 31, 2026' is compatible with a September hold followed by later action.
📈 Economy
Hit
✦ AI
The Bank of England has cut its policy rate cautiously from the 5.25% peak (August 2023) — estimated at approximately 3.75–4.00% as of August 2026. Despite declining headline inflation, UK services inflation remains stubbornly above target; the open Cassandra.news forecast for the UK Services PMI August 2026 places it above 52.0 (robust). Polymarket shows 52% hold / 48% hike for the US Fed in September 2026 — at the BoE, persistent wage inflation tilts toward a pause rather than a further cut. Additionally, GBP strength supports a hold. Own calibration: 62% hold.
📈 Economy
Hit
✦ AI
Overnight-index-swap (OIS) pricing as of 17 August 2026 implies a 72% hold probability for the September MPC meeting. The committee last voted 6–3 to hold (three hawks voted for +25 bp to 4.00%). The BoE has held at 3.75% for five consecutive meetings. Persistent services inflation and energy price risks (Middle East) argue against a cut; no committee majority visible for a hike. Market anchor: OIS-implied hold probability 72%.
📈 Economy
Miss
✦ AI
Kalshi and Polymarket (as of 26 August 2026) price a September FOMC rate hike at ~34%, implying a 66% hold probability. The July 2026 NFP showed -23,000 jobs (net payroll losses), substantially limiting the case for further tightening. While Brent oil is +32% YoY (as of 1 September 2026), driving inflation concerns, the labor market weakness favors a pause. Probability anchored on Kalshi market data at ~66% for no hike.
📈 Economy
Hit
✦ AI
Overnight index swap pricing implies approximately 72% probability of a hold at the September meeting (current base rate since December 2025: 3.75%), per cambridgecurrencies.com and bluegamma.io as of late August 2026. In July 2026, only 3 of 9 MPC members voted for a hike, short of a majority. UK CPI rose to 2.9%; the decisive August inflation data will be released on September 16 — one day before the meeting. Markets price ~72% for unchanged rates. Confirmed by Bank of England press release by September 17, 2026.
📈 Economy
Miss
✦ AI
Polymarket shows ~34% probability of a 25 bps hike on September 16, implying ~66% for a hold. Although three members dissented for a hike at the July meeting (Jul 29) and rising oil prices (Brent ~$91 on Aug 31) increase inflationary pressure, the weak July NFP (–23,000) has significantly dampened hike expectations. Current target rate: 3.50–3.75%. A hike would mark the highest level since 2001. The September meeting includes the SEP dot plot, which provides transparency — this typically favors a pause.
📈 Economy
Miss
✦ AI
The ONS releases UK CPI for August 2026 on September 16, 2026. Market consensus: 2.9% YoY (Investing.com) — the first sub-3.0% reading in over a year. The Bank of England has signaled a rate cut to 3.50% on September 17 (existing Cassandra prediction), presupposing declining inflation. Drivers: fading energy base effects, softer services wage growth. Risk: sticky services inflation (~5%) could push the reading to 3.0%+ (~32% upside probability).
📈 Economy
Miss
✦ AI
CME FedWatch on 20 August 2026 showed 68.4% hold probability; Kalshi put the hold chance at 65%. Background: July FOMC held at 3.50–3.75% (3 dissenters favouring a hike). The weak July 2026 US jobs report (net employment decline) materially reduced September-hike expectations. Iran-conflict energy price shocks and above-target core inflation keep a hike theoretically alive. Warsh's Jackson Hole keynote (28 Aug) may shift near-term pricing. Note: this forecast does NOT contradict the open platform prediction 'Fed raises rates at least once by 31.12.2026' — a November or December hike remains possible.
📈 Economy
Hit
✦ AI
Polymarket prices a 25 bps hike at 52–54% (as of Sept 8, $104.9M traded). Drivers: strong August employment (162,000 jobs, unemployment 4.1%), inflation above 2% target (energy-driven, US-Iran conflict). Fed Chair Kevin Warsh is hawkish. An open platform prediction ('DAX below 25,500 on Sept 17 after the Fed rate hike of Sept 16') implies the platform already treats a hike as baseline. Risk against the hike: recession concerns.
📈 Economy
Hit
✦ AI
Polymarket shows a 53% probability for a 25 basis point hike as of September 10, 2026. US Core CPI August 2026 (release September 11) is expected by market consensus to be above 3.0% YoY. The ECB raised its deposit rate by 25 bps to 2.50% on September 10, 2026 – an inflation-fighting signal that provides cover for the Fed. Against a hike: a mild slowdown in US industrial output. CME FedWatch also shows ~53% probability for a hike.
📈 Economy
Miss
✦ AI
The US Census Bureau releases the Advance Retail Sales report for August 2026 on September 16, 2026 (8:30 AM EDT), same day as the FOMC decision. August 2026 CPI accelerated above 3.4% YoY (BLS, confirmed September 11). Back-to-school effects structurally support August. July retail sales showed +0.5% MoM. No direct prediction market; bank consensus ~+0.3–0.4% MoM. The +0.4% threshold is slightly ambitious but plausible given sustained nominal inflation pressure.
📈 Economy
Hit
✦ AI
EUR/USD traded at 1.1592 on 11 September 2026. FOMC decides on 16 September with a 69.3% probability of a 25bp hike (CME FedWatch) or 56–58% on Polymarket/Kalshi. Even a fully priced-in hike would likely push EUR/USD to 1.153–1.157; an aggressively hawkish signal would be needed to break below 1.1500. Historically, a priced-in 25bp hike moves EUR/USD on decision day by at most ±0.5%. The existing forecast EUR/USD >1.1400 on 19 September is logically consistent with this prediction.
📈 Economy
Hit
✦ AI
Current target range is 3.50–3.75%. Polymarket shows 80% probability of a hike; Kalshi 59% — blended estimate ~70%. August core CPI +0.3% m/m; 162K payrolls; 4.1% unemployment. Chair Warsh hawkish at Jackson Hole; three July dissenters already voted for a hike. Goldman Sachs sees a hike as 'very unlikely'; JPMorgan expects one. Consistent with the open November FOMC prediction presupposing 3.75–4.00%.
📈 Economy
Hit
✦ AI
Gold trades at USD 4,284.55/oz on September 15, 2026 (Investing.com). The Fed decision (+25bps to 3.75–4.00%) is expected September 16 and priced in at >90% (CME FedWatch). With the hike fully anticipated, downside pressure is limited. A close below 4,200 would require a >2% daily decline – historically unusual for a fully priced-in hike. VIX at 16.34 signals a calm market backdrop. No Polymarket market for this specific gold daily close.