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 reserve's inflation target is 2% and the fed actually doesn't even use the cpi when it's doing its calculations but use the personal consumption expenditure price index that's a slightly different calculation. that was up 1.6% over the past year. but regardless, both gauges are pointing to higher inflation and what we're seeing with the fed right now is they're starting to scale back that bond stimulus which helped spur economic growth and cause inflation so if inflation continues, th...
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