The  primary driver of those revisions is the lack of recent progress in lowering inflation.  
But another element is some policymakers expecting higher and broader tariffs in early 2025, which they fear will add to underlying inflation that has yet to return to the benign pre-pandemic dynamic

So an action packed 2 days ahead before the holiday season grips markets ( that’s a hope) US yields move slightly higher, USD steady and equities generally lacklustre.

closed around the resistance at 53641 which like I mentioned earlier has held well so far and a break opens up a target of 54248; supports at 53306- 53042 & 52865

Forwards come off a little bit. Expect one year forwards to find support at 1.90%. Buy on dips

Last week the US 10 year yields moved up 24 bps - the most in a week since Oct 2023; The USD remained benign. US equities had a bad week. The world awaits the ever elusive slew of stimulus announcements from China. A super charged week ahead of the Holidays

Friday:

JPY: national CPI & Core CPI ( Nov)
CNY: PBoC Loan Prime rate
GBP: Retail Sales ( Nov)
USD: PCE Price Index ( Nov)
USD: Michigan Consumer sentiment ( Dec)

Thursday:

JPY: BoJ Interest rate decision & Presser
GBP: BoE Interest rate decision & Meeting minutes
USD: GDP (Q3)
USD: Core PCE prices ( Q3)
USD: initial jobless claims

Wednesday:

GBP: CPI & Core CPI ( YoY) ( Nov)
EUR: CPI & Core CPI ( YoY) (Nov)
USD: Housing starts ( Nov)
USD: Interest rate projection
USD: FOMC Interest rate decision & Statement & Presser