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   News alert: Brace for inflation
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   It was already running hot before war sent gas prices soaring
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               <a data-linktext="The Fed's favorite inflation gauge was already running hot. And that
was before war sent gas prices soaring" data-linktype="Normal" style="color:#168DD9;" target="_blank">
                The Fed's favorite inflation gauge was already running hot. And that was before war sent gas prices soaring
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              The PCE price index — widely understood to be the Federal Reserve's preferred inflation measure — rose 0.3% in January from December. Strip out food and energy and the core reading came in at 0.4%
for the month and 3.1% from a year ago. That’s well above the Fed's 2% target, and not moving in the right direction.
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                  Speaking on CNBC, Defense Department Chief Technology Officer Emil Michael said Anthropic’s models have "a different policy preference" embedded within their 
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                   <a data-linktext="IEA says the Iran war is the largest global oil market disruption 
ever." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    IEA says the Iran war is the largest global oil market disruption ever.
                   </a>
                  </strong>
                  Crude and oil product flows through the Strait of Hormuz have fallen from roughly 20 million barrels a day to almost zero, and Gulf producers have collectively cut at least 10 million barrels a day.
                 </div>
                </td>
               </tr>
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                 <a aria-label="SASAN / Contributor / Getty Images" style="color:#168DD9;" target="_blank" title="SASAN / Contributor / Getty Images">
                  <img alt="SASAN / Contributor / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2264994719.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM0MDk5NDkuNDcwMDM5MX0:1w12wH:o6FytqgJJ2kSBmn_grsTt2U8YTQq5f_pKIxv_qPoHYs" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
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                  <strong>
                   <a data-linktext="Iran says oil might hit $200 per barrel." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    Iran says oil might hit $200 per barrel.
                   </a>
                  </strong>
                  Americans are already seeing the effects of the U.S.-Israel war against Iran when they head to the pump to fill up their cars with gas — and things are only set to get worse.
                 </div>
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                 <a aria-label="Samuel Boivin/NurPhoto via Getty Images" style="color:#168DD9;" target="_blank" title="Samuel Boivin/NurPhoto via Getty Images">
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                   <a data-linktext="Oracle eases Wall Street fears over AI spending." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    Oracle eases Wall Street 
fears over AI spending.
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                  The company handed investors the same giant cloud-and-AI story again that it did in December and September, but this time, customer-funded chips and steadier math made things sound bankable.
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                  <img alt="Frederic J. Brown/AFP via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2265237515.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM0MDk5NDkuNDcwMzA5N30:1w12wH:P836IaM7uv0-Y7YLjVpgRyAl-NOznHhj-ZpzMVsP82c" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
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                   <a data-linktext="Inflation report shows calm before Iran war and tariff shocks." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    Inflation report shows calm before Iran war and tariff shocks.
                   </a>
                  </strong>
                  The BLS’ latest shows that the Consumer Price Index rose 0.3% last month, a slight tick up from January’s pace, while 
prices rose 2.4% year over year and shelter once again remains the stickiest issue.
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