Roundup: U.S. Fed's closely watched inflation measure rises 2.4 pct in January

WASHINGTON, Feb. 29 (Xinhua) -- The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.4 percent in January, as inflation continued to cool amid high interest rates, the Commerce Department reported on Thursday.

The latest figure came after the measure in October slowed to 3.0 percent year on year from 3.4 percent in September, before slowing to 2.7 percent in November and then to 2.6 percent in December, according to the Commerce Department's Bureau of Economic Analysis.