Gate News Report, March 18 — Annex Wealth Management Chief Economist Brian Jacobsen stated that the key issue in the Federal Reserve’s economic forecast summary is its uncertainty about changes in oil prices. He pointed out that the Fed expects inflation to rise by 0.3 percentage points but believes this will not cause significant harm to economic growth, a forecast that may be overly optimistic. Jacobsen believes this forecasting pattern is similar to the Fed’s past performance: overestimating the impact of tariffs on inflation while underestimating their effect on economic growth. He predicts that 2026 may repeat the pattern of the past two years, where economic shocks catch the Fed off guard, ultimately leading to a rate cut in September.
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