Chair Powell claims that subdued inflation is caused by transitory factors. Does the recent data confirms his views? And just how transitory is the new tariff rate on $200bn Chinese imports? Will we see a creep higher in inflation about to lift the gold prices? CPI Edges Up At the post-FOMC press conference in May, Jerome Powell said that some transitory factors could be responsible for muted inflationary pressure. The latest data seems to support his view that the recent slowdown in inflation was temporary. Indeed, the CPI rose 0.3 percent in April, following an increase of 0.4 percent in March, the government said ... (full story)