First breakthrough in three years! Market pricing for rate hike within the year, will the Federal Reserve agree?

The ongoing Middle East conflict continues to drive up gasoline and other energy product prices, with the US inflation rate surpassing 4% in May, reaching its fastest pace since 2023. Pricing in the currency market indicates that the Federal Reserve may raise interest rates by 25 basis points in December. For the Federal Reserve, which will have an interest rate decision next week, the extent of officials' concerns about the soaring inflation will be closely watched.