Moreover, the Houthis indicated that Chinese vessels would be exempted from these fees – creating a clear split in the freedom of navigation for different camps. President Trump paused these deliveries after meeting with Xi in May. However, the Fed’s “family fight” did cause a big split between the central bankers: three FOMC members cast a dissenting vote, favoring a rate hike instead. These dissents clearly demonstrate that support for a rate hike is building. That should keep market speculation of a rate hike alive in the coming weeks.