What the market is now pricing for Fed and global central bank interest rates after the cease-fire

From morningstar.com

The two-week cease-fire agreed between the U.S. and Iran has left investors less worried that major central banks will raise borrowing costs this year. Oil prices had surged to multi-year highs in recent weeks after Tehran all but closed the Strait of Hormuz in response to the war - a spike in energy costs that traders feared would stoke inflationary pressures and could cause the Federal Reserve and its peers to hike interest rates. However, the news late Tuesday that the halt in hostilities will include a re-opening of the Strait has caused crude prices to plunge, with Brent oil June futures (BRN00) down 13.5% to ... (full story)