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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.

Fed 'whisperer': Cooling inflation eases pressure to raise rates, but hawkish voices remain unextinguished

U.S. Inflation Eased Slightly in July but Energy Prices Remain Elevated