ManifoldPlay moneyMacro / FedDevelopingUpdated 1h ago

πŸ‡ΊπŸ‡Έ Will the Fed raise interest rates in October 2026?

As of Oct 27, 2026, 2:22 AM ET, Manifold priced this market at 6.5% (down from 7.0% 24 hours earlier). It had 96.8 mana traded in the past 24 hours and 100 mana of pool liquidity. probcast.co rates the support behind this price as moderate.

Market probability
6.5%
βˆ’0.5 percentage points
over 24 hours7.0% β†’ 6.5%
Resolving soonNot live β€” snapshot Oct 27, 2:22 AM ET

Play-money market (mana, not dollars) β€” thin market where small orders can move the price, with broad trading across many accounts.

Price historyManifold

Source: Manifold price history

How credible was the move?

Methodology β†’

Move validity

Moderate

Consensus stability

Forming

Contract clarity

High

Can you trust this price?

Two different questions: how hard the price is to move, and whose trading set it.

Market capacity

How hard is it to move this price?

Thin

Pool liquidity

100 mana

Bid-ask spread

n/a

automated market maker

24h volume

96.8 mana

Total volume

3K mana

Play money: depth is in mana, so it says nothing about real-money conviction.

Who's trading

Whose opinion is this price?

Broad participation
29%of the traded money came from the single largest account

Accounts

19

Trades

35

over 11 days

Largest order

100 mana

844.8 mana traded across these 35 trades (last 11 days).

Many independent accounts traded β€” the price reflects a crowd, not one trader.

Recent trade activity$844.8 traded

From the latest trade tape (most recent 200 prints) β€” a live activity sample, not a lifetime total.

What this market actually measures

Resolve YES if the Federal Open Market Committee increases the target range for the federal funds rate at its October 27–28, 2026 meeting relative to the target range in effect immediately before the meeting. Resolve NO if the FOMC leaves the target range unchanged or lowers it.

This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract β€” review the full rules before relying on it.

View full official resolution rules

Resolve YES if the Federal Open Market Committee increases the target range for the federal funds rate at its October 27–28, 2026 meeting relative to the target range in effect immediately before the meeting. Resolve NO if the FOMC leaves the target range unchanged or lowers it. Resolution will be based on the first official Federal Reserve monetary policy statement issued for the October 27–28, 2026 FOMC meeting. The size of the increase does not matter. Any increase in the target range counts as YES. Changes to forward guidance, the balance sheet, quantitative tightening, Treasury operations, or any other policy measure do not count unless the target range for the federal funds rate is also increased. If the September FOMC decision is delayed beyond the market’s scheduled closing time, the market will remain closed to trading but unresolved until the Federal Reserve publishes the official decision, at which point it will resolve based on that decision

What could move this market next?

  • The market's deadline arrivesOctober 27, 2026 at 1:00 PM ET

    The contract must resolve based on what has happened by this date.

Derived from the contract's own mechanics as of Oct 27, 3:25 AM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

Advanced analysis (experimental)

Research signals β€” these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low Β· expected error Β±24 pts.

Resolving soonLegacy movement classifier: watch

What's happening

high classifier confidence
Resolving soon

Near resolution or with ambiguous wording, pricing is mechanically thin and can swing on tiny trades. Read end-of-life prices with extra caution.

  • Resolves in 0 day(s) β€” end-of-life pricing is mechanically thin

Read with caution β€”Read the latest price with caution; conditions make it an unreliable summary right now.

More details β€” reliability score, dynamics, durability
Reliability score
1Low
Where the price path tends to go next495 observed
  • Illiquid / quiet99%

Short-term motion of the price line (~1h), distinct from the environment above β€” not a prediction of the final outcome.

DurabilityHighΒ· half-life ~28h
PredictabilityStable

Secondary read: leaning toward Thin market.

A read-only classification of the market environment β€” how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.

Change (pts)1H0.06H-1.924H-0.57D-0.5

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