Federal Reserve System – Page 52

The Fed’s Preferred Inflation Gauge Sped Back Up

Inflation is down from its peak last summer, but recent readings have shown substantial and surprising staying power.

State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.

Microsoft’s investment in the technology has been a boon for the company’s stock, even as early users find the A.I.-powered system erratic.

A second Republican commissioner has resigned as the agency gears up for a big showdown on noncompete agreements and the Microsoft-Activision merger.

Consumer Price Index inflation has been slowing compared with a year ago, but the monthly figure picked back up in January.