EconomyIs the US inflation scare easing for markets? | Morning Bid

A second consecutive softer-than-expected U.S. inflation report pushed the S&P 500 to a fresh record and reduced the odds of a September Federal Reserve rate hike to about one in three. Longer-term bonds offered little relief, with the Treasury selling 30-year debt at its highest yield in 25 years amid persistent concerns about deficits and above-target inflation.