Odaily Planet Daily News: Bullish bets in the world's largest bond market have re-emerged ahead of the release of July Consumer Price Index (CPI) data later on Wednesday, meaning traders are preparing for further gains as they expect CPI data to show that price pressures continue to decline. Investors betting on further gains in the U.S. Treasury market are watching upcoming U.S. inflation data, which they hope will further confirm the Federal Reserve's case for accelerating its pace of rate cuts. Traders are divided over whether the Fed will cut rates by 25 basis points or 50 basis points in September, with swaps showing that the market expects the Fed to cut rates by 36 basis points in September. Overall, they expect the Fed to cut rates by about 1 percentage point for the remainder of 2024. (Jinshi)