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

Odaily News Market pricing shows that expectations for at least one Fed rate hike by September are almost fully priced in, and two rate hikes are fully priced in by the end of March next year. Earlier, Trump announced on social media that the US would reinstate the blockade of Iran and plans to impose a 20% fee on any goods passing through the Strait of Hormuz. (Jinshi)