[Analyst: Inflation Report Insufficient to Influence Federal Reserve Decisions]
Brian Jacobsen, Chief Economist at Annex Wealth Management, stated that the latest inflation report lacks enough novelty to sway the Federal Reserve's policy decisions next week. He pointed out that housing inflation remains the primary driver of service sector inflation, but the Federal Reserve has largely ignored this. Additionally, while goods prices have shifted from deflation to mild inflation, the increase is limited. He also mentioned that inflation data is crucial for retirees, as Social Security benefits are tied to price changes, and any distortion in the data could have real economic impacts.
