GANGTOK, India — Air force helicopters have rescued scores of stranded tourists in India’s Himalayan northeast after a 6-year-old hydroelectric dam cracked open last week in intense rain, flooding a
Two Federal Reserve officials suggested Monday that the central bank may leave interest rates unchanged at its next meeting in three weeks because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the Fed.
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Two Federal Reserve officials suggested Monday that the central bank may leave interest rates unchanged at its next meeting in three weeks because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the Fed. Business borrowing costs have also risen as corporate bond yields have accelerated. Philip Jefferson, vice chair of the Fed's board and a close ally of Chair Jerome Powell, said in a speech Monday to the National Association for Business Economics that he would “remain cognizant” of the higher bond rates and “keep that in mind as I assess the future path of policy.”