Key Fed inflation measure hits new 40-year high of 6.8% as shrinking economy puts new pressure - 1br

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.<br /><br />VIEW MORE : https://bit.ly/1breakingnews<br />