CoinDesk news: The market is close to fully pricing in the Federal Reserve’s September rate-hike expectations. Market pricing shows that expectations for the Fed to deliver at least one rate hike from now through September have been almost completely absorbed, and it has been fully priced for two rate hikes through the end of March next year. In addition, Trump announced on social media that the U.S. is restarting its blockade of Iran and plans to levy a 20% fee on any goods passing through the Strait of Hormuz.

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