Detailed text transcripts for TV channel - FOXNEWS - 20140621:22:35:00
Important. >> slow that down, it was up 0.4%. >> in may. >> and then 2.1% over the past year. now, the federal reserves inflation target is 2% and the fed actually doesnt even use the cpi when its doing its calculations but use the personal consumption expenditure price index thats a slightly different calculation. that was up 1.6% over the past year. but regardless, both gauges are pointing to higher inflation and what were seeing with the fed right now is theyre starting to scale back that bon...
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