Economist: Trump needs to resolve the Strait issue quickly to reassure the Fed

Odaily Planet Daily News Brian Jacobsen, chief economist at Annex Wealth Management, said that while inflation data is in line with expectations, that doesn't mean it's a good report. He added that the headline inflation data doesn't show much evidence that rising energy commodity prices are filtering into core prices. Whether through force or the achievement of a ceasefire, the clock is ticking loudly on opening the Strait of Hormuz. The Fed won't speculate on when this will happen, so US President Trump needs to give them certainty before the Fed meets. (Jinshi)