U.S. underlying inflation stirring; labour market tightening
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WASHINGTON (Reuters) - U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in a range of goods and services, but that did not change expectations the Federal Reserve would cut interest rates this month.Signs of a pick-up in underlying inflation and a strong labour market reported by the Labour Department on Thursday, however, further tempered financial market expectations of a 50 basis point cut at the end of the month and views that the Fed..