DECEMBER INFLATION REPORT

Summary from the TLDR Founders newsletter

Markets reacted positively to lighter-than-expected December inflation data, with the Nasdaq jumping 2.3% on the news. Core CPI came in at 3.2% YoY (vs 3.3% consensus), while Core PPI dropped to 2.4% YoY (vs 2.7% consensus). Against fears of re-accelerating inflation, the data suggests the Fed's approach is working. The report includes a detailed analysis of changing rate expectations that show how Trump's election and recent economic data have shifted market sentiment. SaaS valuations remain resilient with the overall median multiple at 6.3x and high-growth companies commanding 9.2.