Inflation in the United States cooled in January, while political tensions rose with Iran, and tech companies made strides in fashion and policy, according to multiple reports. The consumer price index rose by 2.4% over the 12 months to January, the slowest pace since May, driven in part by falling prices for energy and used cars, according to BBC Business. Simultaneously, political tensions escalated as President Donald Trump stated that regime change in Iran "would be the best thing that could happen," as reported by Sky News.
The easing of inflation could bolster arguments that the central bank is in a position to cut interest rates, as suggested by some, according to BBC Business. However, some analysts have cautioned that progress toward the Federal Reserve's 2% target could stall if companies pass on tariff costs or if labor shortages push up prices.
Meanwhile, in Munich, Germany, over 200,000 people rallied in support of Reza Pahlavi and regime change in Iran, as reported by Euronews. Protesters marched with pre-1979 Iranian flags, chanted slogans, and urged global leaders to intensify pressure through sanctions and intervention. This event occurred as global leaders met nearby at the Munich Security Conference.
President Trump's remarks on Iran came as the U.S. deployed a second aircraft carrier to the Middle East. Trump, speaking to reporters, justified the move, stating, "we'll need it" if a deal isn't struck with Iran, according to Sky News.
In the tech sector, Alta, a company inspired by the film "Clueless," partnered with the brand Public School to integrate styling tools into websites, as reported by TechCrunch. The company, which allows users to create digital closets and try on clothes with virtual avatars, raised $11 million in a round led by Menlo Ventures last year.
In other tech news, The Verge reported on the use of technology as a tool of resistance and state power. The article highlighted an incident where federal agents tackled a man, with one agent appearing to remove a gun, and then shooting the man.
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