ManifoldPlay moneyMacro / FedLikely noiseUpdated 7m ago

πŸ‡ΊπŸ‡ΈπŸ“‰ Will the US Federal Reserve cut interest rates at its October 2026 meeting?

As of Oct 18, 2026, 10:00 PM ET, Manifold priced this market at 4.2% (down from 50.0% 24 hours earlier). It had 382 mana traded in the past 24 hours and 100 mana of pool liquidity. probcast.co rates the support behind this price as weak.

Market probability
4.2%
βˆ’45.8 percentage points
over 24 hours50.0% β†’ 4.2%
Moving fastBig move, weak backing

Play-money market (mana, not dollars) β€” thin market where small orders can move the price β€” but today's move came mostly from one account.

Price historyManifold

Source: Manifold price history

How credible was the move?

Methodology β†’

Move validity

Weak

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

382 mana

Total volume

0 mana

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

Who's trading

Whose opinion is this price?

One account dominates
99%of the traded money came from the single largest account

Accounts

2

Trades

5

over 45 min

Largest order

250 mana

382 mana traded across these 5 trades (last 45 min).

One account did most of the recent trading β€” the price reflects that account's view more than a crowd's.

Recent trade activity$382 traded

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

Why the odds moved

The probability fell 45.8 percentage points over the last 24 hours (50.0% β†’ 4.2%).

No verified catalyst has been linked to this move yet. ProbCast does not attribute moves to news without evidence connecting the timing of a specific report to the repricing.

What could move this market next?

  • The market's deadline arrivesOctober 28, 2026 at 10:00 AM ET

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

Derived from the contract's own mechanics as of Oct 18, 10:07 PM 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±31 pts.

Reacting to newsLegacy movement classifier: noisy

What's happening

high classifier confidence
Reacting to news

The price is actively repricing on real volume. The number is still moving β€” don't treat the latest print as settled consensus yet.

  • Probability moved 45.8 pts in ≀6h on adequate liquidity

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

More details β€” reliability score, dynamics, durability
Reliability score
0Low
Where the price path tends to go next597 observed
  • Illiquid / quiet99%

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

DurabilityMediumΒ· half-life <1h
PredictabilityElevated irreducibility

Secondary read: leaning toward One big trader.

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-45.824H-45.87D-45.8

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