Options traders are increasingly divided on the Fed's near-term rate path, running the gamut from bets on cuts in coming months to wagers on varying sizes of hikes. FED SWAPS pricing implies markets largely expect the Fed to hold rates at Wednesday's meeting; all eyes are on Chair Walsh's first post-meeting press conference for guidance. Separately, reports that the US and Iran are preparing to sign a temporary peace accord sent oil to a three-month low, easing near-term infary pressure, though

Options traders are increasingly divided on the Fed's near-term rate path, running the gamut from bets on cuts in coming months to wagers on varying sizes of hikes. FED SWAPS pricing implies markets largely expect the Fed to hold rates at Wednesday's meeting; all eyes are on Chair Walsh's first post-meeting press conference for guidance. Separately, reports that the US and Iran are preparing to sign a temporary peace accord sent oil to a three-month low, easing near-term infary pressure, though implications for longer-term policy remain unclear.