Brian Jacobsen: Inflation data meets expectations but not positive, Trump needs to address the Strait of Hormuz issue

Brian Jacobsen, Chief Economist of Annex Wealth Management, stated that the inflation data is not a good report as expected, and the overall inflation data does not indicate that the rise in energy commodities has penetrated into core prices. US President Trump needs to resolve the Strait of Hormuz issue before the Federal Reserve meeting to provide certainty.