The David Lin Report · Wednesday, August 12, 2026
Inflation data released on Wednesday, August 12th, showed a decrease from the previous month, with headline CPI at 3.4% and core CPI at 2.5% for June. This cooling inflation, combined with weakening job growth, suggests the Federal Reserve may consider a rate cut later in the year, rather than another hike.
“CPR report first, uh, in line with expectations, 3.4% headline CPI, 2.5% core, both ticking a bit cooler in June.”
“And I think what's evident from both the jobs numbers, the employment numbers and the, uh, inflation numbers is that the chorus of hikes, uh, people calling for hikes is now diminishing.”
“And the idea of a cut before a hike, uh, will start to become more material in coming weeks and months.”