U.S. Fed's closely watched inflation measure rises 2.3 pct in October

WASHINGTON, Nov. 27 (Xinhua) -- The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.3 percent in October compared with a year ago, as inflation continued to cool amid high interest rates, the Commerce Department reported on Wednesday.

The latest figure came after the measure ticked up from 2.4 percent in June to 2.5 percent in July, dropped to 2