ChainCatcher News, according to Jinshi reports, as service prices rebound, basic inflation in the U.S. accelerated to its highest level since the beginning of this year in July. Data from the U.S. Bureau of Labor Statistics shows that the core CPI, excluding food and energy, rose by 0.3% compared to June, increasing to 3.1% year-on-year. Service prices increased by 0.4%, primarily driven by the largest monthly increase in airfare prices in three years, while medical and entertainment prices also saw increases. As traders bet that the Federal Reserve will cut interest rates next month, U.S. Treasury prices rose, the dollar fell, and S&P 500 futures climbed.