U.S. Fed official says inflation on path to target, job "not yet done"

WASHINGTON, Dec. 3 (Xinhua) -- U.S. inflation is on the path to meet the Federal Reserve's goal of 2 percent, but the job is "not yet done," a U.S. Fed official said on Tuesday.

Overall personal consumption expenditures (PCE) prices rose 2.3 percent over the 12 months ending in October, and core PCE price index, which strips out volatile food and energy prices, increased 2.8 percent, inflation readings released