"edit.fontFamily" to a font that supports ligatures."editor.fontLigatures": true.
NB: The code block also does not respect the font setting, which is covered in a separate issue microsoft/vscode-jupyter#1604.
"editor.fontLigatures": false.
editor.fontLigatures setting is ignored in the output of Markdown cells.
editor.fontLigatures setting is respected in the output of Markdown cells.
_Please provide as much info as you readily know_
:hankey:
Microsoft Data Science for VS Code Engineering Team: @rchiodo, @IanMatthewHuff, @DavidKutu, @DonJayamanne, @greazer
Error messages are likewise rendered with ligatures:

Eg, float, misclassification and flat_loss_mask above.
Thanks for the issue @dimitry-ishenko. We'll discuss this in our next triage.
This is the same problem as microsoft/vscode-jupyter#1604. So closing this one. It has to do with the markdown control we're using. If we change that (which we might) or fix it in the future, both of these bugs will be fixed.
Thank you @greazer