US Treasury options traders are divided on the Fed's interest rate path, focusing on the tone of Warsh's press conference.

According to ChainCatcher, as reported by Jinshi, options traders are increasingly divided on the Federal Reserve's near-term interest rate path, with various bets ranging from rate cuts in the coming months to varying degrees of rate hikes. Swap market pricing suggests that the Fed is almost certain to keep interest rates unchanged at its Wednesday meeting, and all eyes will be on Chairman Warsh's first press conference for clues about future policy. Although the US and Iran are preparing to formally sign a provisional peace agreement, and oil prices have subsequently fallen to a three-month low, providing some relief to inflationary pressures, future policy remains unclear.