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French Police Arrest Two in $100 Million Louvre Jewel Heist

                                                     T he Louvre Museum French authorities have arrested two suspects in connection with last week’s audacious jewel heist at the Louvre Museum in Paris, where thieves made off with crown jewels valued at more than $100 million. According to Paris prosecutor Laure Beccuau, the arrests took place on Saturday evening. One suspect was detained at Charles de Gaulle Airport as he attempted to board a flight out of the country, while the second was apprehended later that night in the Seine-Saint-Denis suburb north of Paris. The daring robbery occurred on October 19, when thieves used a crane to smash an upstairs window of the world’s most-visited museum before escaping on motorbikes. The stolen collection included priceless Napoleonic-era jewels, sparking outrage and raising questions...
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Inflation Climb Reinforces Fed’s Cautious Stance as Powell Returns to Capitol

 

Federal Reserve Chair Jerome Powell is back on Capitol Hill amid new data showing that inflation in the United States jumped to a 3% annual rate in January—slightly higher than December’s 2.9%. The uptick, driven by rising costs in housing, food, and energy, is prompting concerns that the progress on curbing inflation may be stalling.

In his second day of testimony before Congress, Powell reiterated that the Fed is in no rush to lower interest rates. He emphasized that while the overall economy remains robust, the unexpected surge in consumer prices underscores the need for a “wait-and-see” approach. Lawmakers grilled him on various issues ranging from tariff policies to the safety of bank deposits, but Powell maintained that the current monetary policy framework is appropriate given the mixed economic signals.

Market observers noted that the higher-than-expected inflation data might further delay any future rate cuts, as the Fed continues to weigh the risks of reducing policy restraint too quickly. With Powell’s testimony ongoing, all eyes remain on Capitol Hill as policymakers and investors seek clarity on the future direction of U.S. monetary policy.


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