U.S. progress on curbing inflation "may be stalling": Fed official

WASHINGTON, Dec. 2 (Xinhua) -- The U.S. Federal Reserve warned Monday that it may fail to bring inflation back to its 2 percent target, as recent data suggest that progress on lowering inflation "may be stalling."

The U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, rose 2.3 percent year-on-year in October, the U.S. Commerce Department reported Friday.

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