[Economist: The Federal Reserve's forecast is overly optimistic, potentially repeating the old mistake of 'overestimating inflation, underestimating drag'] Odaily Planet Daily reports that Annex Wealth Management Chief Economist Brian Jacobsen stated the real 'highlight' lies in the Summary of Economic Projections. They are merely guessing what might happen to oil prices but are predicting inflation will rise by 0.3 percentage points without any substantial drag on growth. This forecast may be overly optimistic. This is similar to their past overestimation of the impact of tariffs on inflation while underestimating the drag on economic growth. 2026 could be like the past two years, with shocks catching them off guard, ultimately leading to rate cuts in September. (Jin10)