The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.

The back end of the U.S. Treasury market remains under pressure, but opportunities exist in mid-term bonds (US5Y), (US10Y) amid expectations of Federal Reserve rate cuts later this year, said Barry Knapp,

By Kevin Buckland TOKYO (Reuters) -Asian stock markets were under pressure on Wednesday while the dollar climbed to its firmest against the yen since early April, after U.S. inflation suggested tariffs are pushing prices up,

Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further.

The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.

The minutes reveal more closely the behind closed doors thinking between the U.S.’ top policymakers with the Fed under barrage from the White House.

Whether the Federal Reserve cuts rates in September is now looking like a 50/50 call after June’s inflation data. Traders are pricing in a 50.5% chance of the Fed lowering borrowing costs by a quarter point,

Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."