What are the odds of a US recession in 2026?

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49%
19 markets·Kalshi + Polymarket

Analysis

Current economic data does not indicate a recession in the United States, as the economy continues to show positive payroll growth and a stable 4.3% unemployment rate. While the 10Y-2Y Treasury spread remains positive at 0.54%, indicating a lack of immediate inverted-yield-curve recession signals, ongoing inflationary pressure persists with CPI at 3.29% and the Federal Funds Rate at 3.64%. Financial indicators like the VIX at 17.5 and tight credit spreads suggest moderate market confidence rather than widespread distress.

  • Unemployment rate of 4.3%
  • Positive 10Y-2Y Treasury spread of 0.54%
  • CPI inflation at 3.29%
  • Nonfarm payroll growth of 178K monthly
  • Stable High Yield OAS of 2.83%

Contracts

Will the United States recognize Reza Pahlavi as the leader of Iran in 2026?: Before 2027

K$7K
12¢

Will Bernie Sanders endorse Charles Booker in the 2026 United States Senate election in Kentucky before Nov 3, 2026?: Charles Booker

K$3K
85¢

Will the United States acquire any territory not under its sovereignty (as of Issuance) before Jul 1, 2026?: Before Jul 2026

K$1K
4¢

Will United States retail sales MoM for March 2026 be above 1.2%?: Above 1.2%

K$1K
66¢

Will legislation appropriating at least $1 billion to the United States Coast Guard (USCG) for FY2026 become law before May 1, 2026?: Coast Guard

K$540
36¢

Will United States Consumer Price Index for All Urban Consumers: Shelter in U.S. City Average for April 2026 be above 426.0?: Above 426.0

K$458
34¢

Will United States retail sales MoM for March 2026 be above 1.0%?: Above 1.0%

K$389
83¢

Will Donald Trump issue any executive action on declaring a national emergency regarding the 2026 United States midterm election before Nov 4, 2026?: Before Nov 4, 2026

K$253
29¢

Will United States - Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average for April 2026 be above 6.70ㅤ?: Above 6.70ㅤ

K$251
58¢

Will United States retail sales MoM for March 2026 be above 0.4%?: Above 0.4%

K$156
95¢

Will United States Consumer Price Index for All Urban Consumers: Shelter in U.S. City Average for April 2026 be above 425.5?: Above 425.5

K$144
62¢

Will United States retail sales MoM for March 2026 be above 0.6%?: Above 0.6%

K$117
86¢

Will Michigan have the smallest margin of victory in 2026 United States Senate elections?: Michigan

K$100
4¢

Will Ohio have the smallest margin of victory in 2026 United States Senate elections?: Ohio

K$63
10¢

Will United States retail sales MoM for March 2026 be above 0.8%?: Above 0.8%

K$49
90¢

Will the United States Producer Price Index for final demand for April 2026 be above 3.6%?: Above 3.6%

K$40
96¢

Will Alaska have the smallest margin of victory in 2026 United States Senate elections?: Alaska

K$39
11¢

Will Texas have the smallest margin of victory in 2026 United States Senate elections?: Texas

K$14
18¢

Will Bernie Sanders endorse James Talarico in the 2026 United States Senate election in Texas before Nov 3, 2026?: James Talarico

K$10
60¢

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