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JPMorgan: Inflation will decline slowly, and the Fed does not need to raise interest rates

Emerging Markets: Steepening Treasuries curb appeal – BNY

The U.S. inflation data did not resolve Wall Street's doubts, and the U.S. bond market believes there is about a 50% chance of a rate hike in September.

Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates.