it might be a ground loop, it might be a pin-1 problem, it might be any number of things, and it is going to be difficult to diagnose on a forum, but let's give it a shot eh?
First - is everything properly grounded. If all the gear has a three prong power cord is the ground conductor on the outlet connected to ground? Don't laugh, I've run into that many times, especially with low cost outlet strips and power "conditioners". If you don't know how to test this, or don't have a friend that knows how to do this then go to a hardware store and pick up one of those outlet testers (whatayaknow - even Amazon sells them -
LINK) It won't identify every possible problem, but it will let you know if all three conductors are connected correctly.
Second - start taking things apart. It sounds like you've already started down the path. If you disconnect the multi-effects rack from the amplifier does the hum go away? In theory (and I love theories<G>) the output from the multi-effects rack ought to be isolated already. You didn't mention what this rack is, can you provide more detail?
Third - should have been first I suppose - you also didn't mention details about this isolator you inserted . What is it? Many such products are pure snake oil, the only way to get good sound and proper galvanic isolation is a transformer, and a good transformer is expensive.
Fourth - powering everything from a single outlet can work, but not if the outlet strips are poorly constructed. I've measured 10s of Ohms of impedance at 60 Hz on some cheap rack mount power strips. UGH!
If you can provide some more details we can make the hum go away. I've yet to see a power line noise problem that could not be solved. Some take longer than others to figure out, that's all!