Here's your summary from Will a Three-Year Inflation Low Be "Good Enough" Data? | Presented by CME Group (https://www.youtube.com/watch?v=TwFkhF-Y9ec) on the Bloomberg Television channel:
**TLDR:** The latest CPI report shows a decrease in consumer prices, leading to increased probability of a rate cut in September.
1. Consumer prices fell by 0.1% last month, lower than expectations.
2. Core CPI, excluding food and energy costs, increased by 0.1% month over month and 3.3% from a year ago.
3. Probability of a rate cut in September has increased to 87%, up from 50% a month ago.
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