Refinitiv Lipper data showed $4.21 billion in net purchases of U.S. equity funds, their biggest weekly inflow since June 22.

GRAPHIC: Fund flows: US equities, bonds and money market funds (https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyoklovw/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg)

Data released on Wednesday showed U.S. consumer prices were unchanged in July, prompting some traders to cut bets to a 50 bps hike at the Fed's September meeting.

Some market participants were earlier anticipating a third straight 75 bps interest rate increase in September.

U.S. small-cap funds attracted $192 million, while large-cap funds had purchases of $7.6 billion, the biggest inflow since May 25. Mid-cap funds recorded $294 million of net selling.

Data for growth and value funds showed investors acquired funds totalling $2.46 billion and $26 million respectively.

GRAPHIC: Fund flows: US growth and value funds ()

U.S. consumer staples and healthcare funds notched up inflows of $487 million and $345 million respectively, but tech funds saw outflows of $852 million.

GRAPHIC: Fund flows: US equity sector funds ()

Meanwhile, bond funds witnessed inflows of $1.15 billion, as purchases continued for a second straight week.

U.S. bond fund purchases were broadly into government funds, with U.S. government and treasury fixed income funds, and U.S. short/intermediate government and treasury funds attracting $1.88 billion and $540 million, respectively.

GRAPHIC: Fund flows: US bond funds ()

Money market funds had disposals of $12.19 billion as net selling continued for a second week.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Alexander Smith)