WRAPUP 1-Fed officials largely sanguine about rise in US bond yields

Federal Reserve officials on Thursday indicated little concern that the recent rise in U.S. Treasury yields could imperil a "soft landing" for the economy, and said it could actually help the central bank in its fight against inflation. The Fed held its benchmark overnight interest rate steady in the 5.25%-5.50% range last month, but signaled that one more quarter-percentage-point hike would likely be needed before the end of this year to cement inflation's downward path, and that the policy rate would probably end next year above 5%. In the weeks since the Sept. 19-20 meeting, long-term borrowing rates have risen sharply in a move that Fed policymakers and some analysts say shows markets are buying into the central bank's "higher-for-longer" rate projections.