Market pricing indicates at least one Fed rate hike before September is nearly fully priced in, and two hikes are fully priced by end-March next year. Earlier, Trump said on social media the US will resume a blockade of Iran and plans to levy a 20% fee on any goods transiting the Strait of Hormuz.

2026-07-13

Market pricing indicates at least one Fed rate hike before September is nearly fully priced in, and two hikes are fully priced by end-March next year. Earlier, Trump said on social media the US will resume a blockade of Iran and plans to levy a 20% fee on any goods transiting the Strait of Hormuz.