The Fed’s preferred inflation gauge set a new 40-year high in June

The personal consumption expenditures price index, which measures the change in the prices of goods and services purchased by consumers, rose 6.8% in June compared to the same period last year, according to data released Friday by the Bureau of Economic Analysis. That exceeds a previous 40-year high of 6.6% in March of this year …

The Fed’s preferred inflation gauge set a new 40-year high in June Read More »