He has been booked under Section 147, 148 and 149, people in the know said. Amid high security, Shajahan was brought to court lock up early morning to avoid any tension. ADG South Bengal Supratim Sarkar said Shahjahan couldn t be arrested due to "legal obligation".
U.S. Federal Reserve officials say they are confident housing inflation will finally cool in coming months, a key and long-awaited component of their effort to control overall price increases and secure their turn to interest rate cuts. The real challenge on that front, however, may be just over the horizon when a pipeline of new apartments starts to run dry while the stock of single-family homes remains short, a recipe for future price pressure in a category accounting for about a third of the Consumer Price Index. Though their 2% inflation target uses an index that is less sensitive to shelter costs, Fed officials still see housing and rent dynamics as an important, unresolved part of their inflation battle, one that could highlight one of the inherent tensions in today's tight-credit policy stance.
Investors seemed convinced just months ago that the Federal Reserve would begin slashing interest rates aggressively during the first quarter. Now, some are wondering if the central bank might not cut rates at all this year.