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Jkix Trump is set to return to the witness stand in his civil fraud trial
WASHINGTON AP 鈥?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 stanley cup by the Fed.Since late July, the yield, or rate, on the 10-year U.S. Treasury note has jumped from around 4 percent to about 4.8 percent, a 16-year high. The run-up in the yield has inflated other borrowing costs and raised the national average 30-year mortgage rate to 7.5 percent, according to Freddie Mac, a 23-year high. Business borrowing costs have also risen as corporate bond yields have accelerated.Philip Jefferson, vice chair of the Fed 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. U.S. stock pr stanley cup ices reversed their losses after Jefferson comments. The SP 500 was up 0.5 percent in late trading.READ MORE: Why the job market has weathered rising interest rates, grim economic forecastsJefferson comments followed a speech to the NABE earlier in the day by Lorie Logan, president of the Federal Reserve Bank of Dallas and a voting member of the Fedstanley cup 8217 rate-setting committee. She also indicated that higher long-term bond rates could help serve the central bank eff Ooxq WATCH: House Chamber sings Happy Birthday to survivor of Holocaust, Pittsburgh massacre
BAKU, Azerbaijan AP 鈥?Azerbaijan on Tuesday completed reclaiming territory held by Armenian forces for more than a quarter-century after a peace deal ended stanley cup six weeks of fierce fighting over Nagorno-Karabakh.Azerbaijani President Ilham Aliyev hailed the restoration of control over the areas as a historic victory and a demonstration of his nation unbending spirit.We all lived with one dream, and now we fulfilled it, Aliyev said in an address to the nation. We won a victory on the battlefield and in the political arena, and that victory opens a new era for our country. It will be an era of development, security and progress.WATCH: Uneasy peace takes hold in contested region of AzerbaijanNagorno-Karabakh lies within Azerbaijan but has been under the control of ethnic Armenian forces backed by Armenia since a separatist war there ended in 1994. That conflict left not only Nagorno-Karabakh itself but large chunks of surrounding lands in Armenian hands.In 44 days of heavy f stanley cup ighting that began on Sept. 27, the Azerbaijani military routed Armenian forces and moved deep into Nagorno-Karabakh, forcing Armenia to accept a Russia-brokered peace deal that took effect Nov. 10. The agreement saw the return to Azerbaijan of a significant p salomon art of Nagorno-Karabakh and also required Armenia to hand over all of the regions it held outside the separatist region.The Lachin region, which lies between Nagorno-Karabakh and Armenia, was t |
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