Positives 1)Headline CPI in December rose .4% m/o/m and the core rate was higher by .1% m/o/m. Both are exactly in line with expectations. The headline rate is now up 1.4% y/o/y and 1.6% ex food and energy. Services prices moderated further while goods prices accelerated further. 2)PPI in December rose .3% headline, one tenth core and .4% also taking out …
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