Analyst: Inflation details not enough to sway the Fed's action next week

OdailySep 11, 2025
#Macro
"There's nothing new in today's inflation report, at least not enough to guide the Fed's actions next week," said Brian Jacobsen, chief economist at Annex Wealth Management. "Housing inflation remains the main driver of services inflation, but we know the Fed basically ignores that part. The deflation in goods prices has turned into inflation, but it's only a moderate increase, not a wildfire. Retirees will start paying more attention to inflation data because Social Security benefits are linked to price changes in the third quarter. Right now, it looks like the cost-of-living adjustment for 2026 will be about 2.70%. This shows that retirees desperately need to pay attention to the reliability of the U.S. Bureau of Labor Statistics data. If political motives lead to artificially low official readings, it will have a real monetary impact for many people. It also shows that it will be very difficult for the U.S. government to get out of its debt predicament by letting inflation run rampant, because more and more government spending will automatically increase with inflation." (Golden Ten) [Odaily]
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Analyst: Inflation details not enough to sway the Fed's action next week

OdailySep 11, 2025
#Macro
"There's nothing new in today's inflation report, at least not enough to guide the Fed's actions next week," said Brian Jacobsen, chief economist at Annex Wealth Management. "Housing inflation remains the main driver of services inflation, but we know the Fed basically ignores that part. The deflation in goods prices has turned into inflation, but it's only a moderate increase, not a wildfire. Retirees will start paying more attention to inflation data because Social Security benefits are linked to price changes in the third quarter. Right now, it looks like the cost-of-living adjustment for 2026 will be about 2.70%. This shows that retirees desperately need to pay attention to the reliability of the U.S. Bureau of Labor Statistics data. If political motives lead to artificially low official readings, it will have a real monetary impact for many people. It also shows that it will be very difficult for the U.S. government to get out of its debt predicament by letting inflation run rampant, because more and more government spending will automatically increase with inflation." (Golden Ten) [Odaily]
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