 It's still too soon to cut interest rates. He spoke last hour at a CNBC forum in Portugal. We just want to understand that the levels that we're seeing are a true reading on what is actually happening with underlying inflation. In northern India, at least 60 people have been killed in a stampede at a religious gathering as they rushed to leave the event in a makeshift tent. Organizers had permission to host 5,000. Reports say it drew 15,000. CBS News Brief.