Carriers were working frantically to reroute flights after a power outage at Heathrow Airport in London left tens of thousands of passengers stranded. But the aviation system is deeply interconnected, and for airlines, moving even a small number of flights can have cascading effects.
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The Fed noted that “uncertainty around the economic outlook has increased” even as it maintained a positive tone about the economy. Economic activity continued to expand at a “solid pace” as the unemployment rate “stabilized at a low level,” and inflation was “somewhat elevated,” it said. https://nyti.ms/4bG9Wbt
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