Here's your summary from Bloomberg Open Interest 07/11/2024 (https://www.youtube.com/watch?v=ZNAsSlyIOhU) on the Bloomberg Television channel:

### TLDR:

US inflation cooling in June supports a case for a September rate cut, with CPI data showing a contraction and core inflation slowing down.

### Key Points:

1. Market reaction to CPI data: S&P 500 treading water, Nasdaq 100 down, bond market rally continues.

2. Fed's confidence in a September rate cut increases with inflation data showing a broad decline.

3. Discussion on the potential impact of overturning the Chevron doctrine on banking regulations.

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