Economist: Trump Needs to Resolve the Strait Issue Soon to Reassure the Fed

Odaily Planet Daily News Brian Jacobsen, Chief Economist at Annex Wealth Management, said that the inflation data being in line with expectations does not mean it is a good report. He added that the headline inflation data shows little evidence that the rise in energy commodities is seeping into core prices. Whether by force or by achieving a ceasefire, the clock is ticking loudly on reopening the Strait of Hormuz. The Fed will not speculate on when this will happen, so U.S. President Trump needs to give them certainty before the Fed meets. (Jin10)