Market Prices in at Least One Fed Rate Hike by September, Two More by March 2027

According to Jin10, as of July 13, market pricing indicates that expectations for at least one Federal Reserve rate hike by September have been nearly fully digested into current pricing, with two additional rate hikes priced in by the end of March 2027. Separately, former President Trump announced on social media the reactivation of U.S. sanctions on Iran and plans to impose a 20 percent tariff on all cargo passing through the Strait of Hormuz.
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