Market is nearly fully pricing in a Fed rate hike by September

Odaily News Market pricing indicates that expectations of at least one Fed rate hike by September are almost fully priced in, with two rate hikes fully priced in by the end of March next year. Earlier, Trump announced on social media that the U.S. had resumed its blockade on Iran and plans to impose a 20% fee on any goods passing through the Strait of Hormuz. (Jin Shi)