Brian Jacobsen, Chief Economist at Annex Wealth Management, has suggested that attaining the Fed’s inflation goal might be delayed, especially if a prolonged government shutdown occurs. This perspective, coupled with recent market updates, was shared during a recent episode of a well-known finance-focused live show.
Consumer spending, which saw a deceleration in the third quarter of 2023, is anticipated to be a major impediment in achieving the Fed’s inflation aim, according to Jacobsen. His analysis indicates that the slowdown in consumer spending may contribute to a longer timeframe for reaching the Fed’s inflation target.
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Source: Economy - investing.com
