The Fed's Mary Daly said inflation remains too high.The Washington Post/Getty Images US futures picked up Friday but bonds slipped as investors weighed up the Fed's response to cooling inflation. US inflation cooled in July but Fed officials have said it's still too high and that they'll hike rates further. The yield on the 2-year US Treasury note ticked higher in a sign that investors remain nervy about inflation and the Fed. US stock futures rose Friday but bonds fell as investors weighed up the Federal Reserve's likely response to cooling inflation, after officials said prices are still rising too quickly.S&P 500 futures were up more than 0.5% after the benchmark US stock index slipped 0.07% the previous day.