SUMMARY: While consumer prices did rise by more than expected in December, core inflation slowed more than expected which gave some home that inflation might still be under control, PPI was better than expected in December, and the US government is over $700B in the hole after just three months...

LINKS:

• CNBC: Core inflation rate slows to 3.2% in December, less than expected
• REUTERS: US inflation still slowing as producer prices rise below expectations in December
• CBO: Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion

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