Press Enter to search · ESC to close

Macro

CPC lowers odds of an El Niño stronger than 1982-83 to about 60% from 83%

The U.S. Climate Prediction Center now puts the probability of an El Niño stronger than the 1982-83 event at about 60%, down from an earlier forecast of 83%. The revised figure was issued by the CPC.

Original source

AI take

The downgrade matters less as a headline number than as a signal about forecast confidence: a 23-point revision in a single update suggests the models are still wrestling with a wide range of outcomes, not converging on an extreme. For anyone whose exposure runs through agricultural commodities, hydropower, or weather-linked insurance and catastrophe bonds, that spread is the real input, since a 60% chance still leaves meaningful tail risk on the table. Whether the CPC's next update continues this downward drift or reverses it is the open question worth tracking.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback