IRONORE/ Iron ore behemoths BHP Group BHP.AX, Rio Tinto RIO.AX and Fortescue Metals Group FMG.AX fell between 2.3% and 1.5%. Australian markets have priced in at least two more 25 basis-point rate hikes during this tightening cycle after inflation jumped to a 33-year high in the fourth quarter. Heavyweight mining stocks .AXMM fell 1.8% and were the biggest drag on the benchmark index, after iron ore prices hit a two-week low on Thursday amid concerns about China demand recovery.