The market is close to a full-priced Fed interest rate hike in September

In the news of 13 July, market pricing showed that the Federal Reserve's expectation of at least one increase in interest rates by September had been almost fully absorbed and fully priced by the end of next March. Trump had previously announced in social media that the United States had re-established its blockade of Iran and intended to levy a 20 per cent fee on any goods passing through the Strait of Hormuz。