Will core CPI exceed 3.5% year over year in any month from June through December 2026? | Crene

Back to thesis map Part ofWill the Federal Reserve raise the target range for the federal funds rate at any point during 2026?

Current eventInflation pressure

Will core CPI exceed 3.5% year over year in any month from June through December 2026?

LiveResolves Dec 31, 2026

Current view

41%

Current 4 model consensus

Movement

Recent consensus movement

Model disagreement

27pt

Range across the model set

Evidence

Diverging

The evidence is sharply disputed

Thesis map

What is carrying or resisting the view?

Start with the map. Select a mechanism or condition to see what supports the thesis, what resists it, and where disagreement deserves review.

What changed

No decision-relevant findings are available yet.

Daily Updates

Daily snapshots across the full thesis map, weekly freezes, and the preserved map version.

Why the view is fragile

27pt model spread around 41% consensus. Open the full disagreement instrument only when you need the model-level reasoning.

Model disagreement

Model spread

27pt

28% to 55%

Consensus

41%

4 models

Evidence state

Diverging

Models sharply disagree

Most divergent

GPT-4o

+14pt from consensus

Disagreement synthesis

The models share a central case but assign different weight to the evidence.

Claude anchors the lower end at 28%, while GPT-4o anchors the upper end at 55%. Consensus sits at 41%, leaving a 27 point range for review.

Primary review question

Changes in consumer behavior or external economic shocks that could lead to unexpected deflationary pressures.

Shared probability axis

Range 28% to 55%

Consensus 41%

Claude 28

Gemini 40

Grok 42

GPT-4o 55

0255075100

ModelForecastVs consensusDivergenceReasoning signal

Model reasoning

Select a model to inspect

Reasoning

Given the Federal funds target range of 3.50 to 3.75 percent as of mid-July 2026 and the June 2026 Summary of Economic Projections indicating a median expectation for the rate to rise to 3.8 percent by year-end, there remains upward pressure on inflation measures such as core CPI. The current monetary policy's reluctance to cut rates could imply persistence in inflationary pressures, especially if there are unexpected shocks in energy or food prices.

Key uncertainty

Changes in consumer behavior or external economic shocks that could lead to unexpected deflationary pressures.

Deep dive

Full decomposition, component audit, trajectory, and detailed analytical views.

Deep dive

Detailed evidence, audit, and history views.

Open only what you need

Belief trajectoryConsensus 41% · 27pt spread

Belief trajectory0 updates

Belief trajectory

Consensus—

Spread—

Confidence—

Δ Consensus—

Loading belief trajectory…

Resolution & provenance

Resolution sources, record policy, cadence, and permanent record metadata.

Resolution and provenance

How the thesis resolves and how its record is maintained.

Permanent record

Resolution sources

Federal Reserve FOMC statementsimplementation notesSEPpress conference materialsofficial target rangeBLSBEAEIATreasuryFREDCME FedWatchmajor bank research

Record ID

CRENE-FED-WARSH-INF-008

Record policy

Append only

Freeze cadence

Thursdays

Generated

Sep 19, 2026

Back to thesis map Part ofWill the Federal Reserve raise the target range for the federal funds rate at any point during 2026?

Current eventInflation pressure

Will core CPI exceed 3.5% year over year in any month from June through December 2026?

LiveResolves Dec 31, 2026

Current view

41%

Current 4 model consensus

Movement

Recent consensus movement

Model disagreement

27pt

Range across the model set

Evidence

Diverging

The evidence is sharply disputed

Thesis map

What is carrying or resisting the view?

Start with the map. Select a mechanism or condition to see what supports the thesis, what resists it, and where disagreement deserves review.

What changed

No decision-relevant findings are available yet.

Daily Updates

Daily snapshots across the full thesis map, weekly freezes, and the preserved map version.

Why the view is fragile

27pt model spread around 41% consensus. Open the full disagreement instrument only when you need the model-level reasoning.

Model disagreement

Model spread

27pt

28% to 55%

Consensus

41%

4 models

Evidence state

Diverging

Models sharply disagree

Most divergent

GPT-4o

+14pt from consensus

Disagreement synthesis

The models share a central case but assign different weight to the evidence.

Claude anchors the lower end at 28%, while GPT-4o anchors the upper end at 55%. Consensus sits at 41%, leaving a 27 point range for review.

Primary review question

Changes in consumer behavior or external economic shocks that could lead to unexpected deflationary pressures.

Shared probability axis

Range 28% to 55%

Consensus 41%

Claude 28

Gemini 40

Grok 42

GPT-4o 55

0255075100

ModelForecastVs consensusDivergenceReasoning signal

Model reasoning

Select a model to inspect

Reasoning

Key uncertainty

Changes in consumer behavior or external economic shocks that could lead to unexpected deflationary pressures.

Deep dive

Full decomposition, component audit, trajectory, and detailed analytical views.

Deep dive

Detailed evidence, audit, and history views.

Open only what you need

Belief trajectoryConsensus 41% · 27pt spread

Belief trajectory0 updates

Belief trajectory

Consensus—

Spread—

Confidence—

Δ Consensus—

Loading belief trajectory…

Resolution & provenance

Resolution sources, record policy, cadence, and permanent record metadata.

Resolution and provenance

How the thesis resolves and how its record is maintained.

Permanent record

Resolution sources

Federal Reserve FOMC statementsimplementation notesSEPpress conference materialsofficial target rangeBLSBEAEIATreasuryFREDCME FedWatchmajor bank research

Record ID

CRENE-FED-WARSH-INF-008

Record policy

Append only

Freeze cadence

Thursdays

Generated

Sep 19, 2026