BMI chief economist Cedric Chehab said the latest U.S. inflation data looks to be improving, but the Fed's signal to resume rate cuts has not yet sounded unless U.S. economic growth takes a hit. He pointed out that a large part of the reason for the slowdown in inflation is the decline in commodity prices in recent months. The huge tariffs imposed by the Trump administration on goods could soon lead to higher prices, meaning that goods will again fuel inflation, making it difficult to predict near-term inflation. It is also difficult to get the Federal Reserve to provide appropriate guidance. (Golden Ten)