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Cash Tsys Have Opened Little Changed

US TSYS

TYH4 is currently trading at 110-18, +0-00+ from NY closing levels.

  • Cash tsys have opened in the Asia-Pac session little changed ahead of tonight’s FOMC rate decision at 1300ET and Fed Chair Powell's presser at 1430ET. PPI data is released beforehand.
  • The Fed will likely lower its median "dot plot" estimate for policy interest rates at the end of 2024 to around 4.9%, former officials and staffers told MNI, as expectations build for the first rate cut to come as early as the year's first half.

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