The David Lin Report · Wednesday, July 15, 2026
The latest CPI print came in at 3.5%, lower than the expected 3.8% and significantly down from the prior month's 4.2%. This eased concerns about further Federal Reserve rate hikes and led to a 'risk-on' day in markets, with gold spiking 1.4%. However, rising oil prices due to tensions in the Strait of Hormuz may signal a short-lived reprieve from inflation.
“The, uh, actual headline CPI was 3.5%. That came out earlier today. 3.8% was the expectation.”
“This is important because with the cooler than expected inflation print, uh, potentially we're looking at fewer rate hikes later this year.”
“I wonder if this 3.5% CPI is a short-lived reprieve from inflation.”