A key measure of in the US has risen again, hitting a new four-decade high as Americans continue to grapple with soaring prices. The personal consumption expenditures (PCE) price index soared 6.8 percent in the 12 months through June, the biggest increase since January 1982 and a jump from May's reading of 6.3 percent.The PCE measure, which is preferred by the for its flexible 2 percent target rate, is an alternative gauge to the better-known , which jumped 9.1 percent in June from a year ago.
Load More
Load More