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Transcripts For FOXNEWS Your World With Neil Cavuto 20240707

awhile. great to have you. stocks have been rejoicing. more on that in a second. now on something that is happening that would make you wonder why are they rejoicing? edward lawrence with more. we end a week with more bad economic data for this administration. now, the fed s favorite inflation indicator, if you see inflation, is now at the highest level since january of 1982. in fact, the hit song at that time was let s get physical by olivia newton john. pc inflation year over year after 6.86. core, which is without food and energy costs 4.8% year over year. when you look at this month compared to last month, the increase at 1%. that s the highest increase since march of 1980. now it s a lot of numbers but you get the idea here. republicans will remind you that all of this is because of president biden s policies. they re doubling and tripling down on failure at a time when we may be in recession, at a time when the american people are hurting in so many differen ....

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Transcripts for FOXNEWS Your World With Neil Cavuto 20240604 20:50:00

Obviously spending went down overall. not consumer spending but the other components. the other piece of it is that inflation appears to be coming down. i think what the fed needs to do is continue doing what they re doing and land the plane. neil: americans don t play the semantics game. you poll them. surveys say that they feel it s a recession. they ve had it with inflation. they ve had it with prices rocketing. is the inflation part to you at a high and only can go down from here or can it go so high? well, i agree. i m way more concerned about inflation than i am about gdp being up or down half a point. that s really the critical issue here. yes, we do know energy costs have come down. okay? and we do know the supply chain issues are starting to get fixed and we know that inventories are at a high. so all of those things should say that inflation is going to come down. whether it comes down by the ....

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