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Transitory. Thats something weve been hearing a lot lately. At its latest FOMC meeting the Fed naturally decided to keep the fed funds rate target at 0.25%. It also decided not to mess with the $120 billion monthly bond buying program to help "support the flow of credit to households and businesses." Par for the course. Meanwhile inflation numbers of the previous four months have been anything but typical. The Feds favored Personal Consumption Expenditures Price Index has soared: in Fe...