Wall Street rebounds on Fed bets but set for weekly loss

Weaker-than-expected July consumer price data pointed to benign inflation that could cause the Federal Reserve to hold off from raising rates again this year. This gave investors some hope at the end of a jittery week, which could show the S&P's biggest weekly loss in more than four months, primarily due to a continuous exchange of threats between the United States and North Korea. President Donald Trump told North Korea on Friday that the U.S. military was "locked and loaded," while Pyongyang accused him of driving the Korean peninsula to the brink of nuclear war.

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