Reuters(@Reuters):Traders are dialing back bets on a September Fed rate hike after subdued US underlying inflation last month. The 'hawkish bar has been raised,' economist Odeta Kushi says, but with more key inflation and economic data still to come, the Fed isn’t off the hook just yet

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Traders are dialing back bets on a September Fed rate hike after subdued US underlying inflation last month. The 'hawkish bar has been raised,' economist Odeta Kushi says, but with more key inflation and economic data still to come, the Fed isn’t off the hook just yet