News isn't a feed.
It's a changing system.

{
  "signal_id": "sig_001",
  "entity": "fed_reserve",
  "pipeline": {
    "stage": "propagating",
    "updated_at": "2026-04-21T02:48:00Z",
    "next": {
      "state": "awaiting_downstream_consensus",
      "blocking_on": [
        "credit_markets",
        "sme_lending"
      ]
    }
  },
  "epistemic_state": {
    "confidence": 0.96,
    "variance": "low",
    "consensus_model": "multi_source",
    "sources": {
      "count": 12,
      "primary_class": [
        "central_bank_filing",
        "tier_1_press"
      ]
    }
  },
  "extracted_delta": {
    "magnitude": "major",
    "ast_diff": {
      "removed": "highly attentive to inflation risks",
      "added": "moving into better balance"
    }
  },
  "projected_impact": {
    "short_term": [
      {
        "metric": "credit_availability",
        "direction": -1,
        "weight": 0.85,
        "confidence": 0.82
      }
    ],
    "long_term": [
      {
        "metric": "credit_stress",
        "direction": 1,
        "weight": 0.72,
        "confidence": 0.75
      }
    ]
  },
  "causal_network": {
    "edges": [
      {
        "node": "credit_markets",
        "relation": "tightening",
        "temporal_lag": "short_term"
      },
      {
        "node": "sme_lending",
        "relation": "pressure",
        "temporal_lag": "medium_term"
      }
    ]
  }
}