Fed Rate Hike May Do Little to Tackle Inflation

The Federal Reserve is expected to consider another interest rate increase this week, but some economists believe it may not be enough to solve the country's inflation problems.

According to Brian Jacobsen, Chief Economic Strategist at Annex Wealth Management, a hike in interest rates may have little impact on driving down inflation.

Jacobsen expects a majority of committee members to support an increase, despite his own reservations about the effectiveness of rate hikes in addressing inflation.