U.S. Consumer Prices Post First Decline in 16 Months

"U.S. Consumer Prices Post First Decline in 16 Months"
By REUTERS September 17, 2014

The Labor Department reported that CPI fell 0.2 percent in August. This is the first decline in CPI since April 2013. While food and housing (rent) prices rose, this was offset by decreases in energy, apparel, used car, airline tickets, and recreation prices. For the first time since 2010, the "core CPI" did not change, when you do not look at food and energy prices.  However, "in the 12 months through August, the core CPI rose 1.7 percent."

Additionally, the "underlying inflation pressures were muted." Though this CPI report was released before the conclusion of the Fed meeting today, it could impact their policy decisions as they move away from buying bonds. According to the article the decline in CPI and reduction of inflation pressures "could lessen the urgency for the Federal Reserve to raise interest rates," which is likely the Fed's next policy move.
Do you think this is a good or bad thing, and for whom? How much impact do you think this will or did have on the Fed's most recent policy decisions?

Link: http://www.nytimes.com/reuters/2014/09/17/business/17reuters-usa-economy-inflation.html?src=busln