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Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices

WASHINGTON (AP) — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. The government reported Thursday that prices rose 0.3% from December to January, up from 0.1% in the previous month. But in a more encouraging sign, prices were up …

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Senators warily allow F-16 sale to Turkey as part of NATO expansion agreement. ‘A deal’s a deal’

WASHINGTON (AP) — U.S. senators declined on Thursday to block the sale of F-16s to Turkey, despite voicing deep disdain for Turkey’s conduct as an ally. They were upholding an unofficial bargain that Turks would get the fighter jets if they stopped blocking Sweden’s accession to NATO. “A deal’s a deal,” said Idaho Sen. Jim Risch, the ranking Republican on …

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Pacers beat Pelicans 123-114 to open home-and-home set

INDIANAPOLIS (AP) — Pascal Siakam had 24 points and 11 rebounds, Tyrese Haliburton added 17 points and 13 assists — four on late consecutive possessions — and the Indiana Pacers beat the New Orleans Pelicans 123-114 on Wednesday night. The teams will complete the home-and-home set Friday night in New Orleans. “It’s a massively important win,” said Indiana coach Rick …

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