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Economic Statistics for 12 Feb 14

The Treasury announced that the deficit in January came in at $10.4 billion with the year-to-date deficit  at $144 billion Last year at this time, the deficit was $290 billion.

The MBA reports that mortgage applications fell -2.0% last week, with purchases down 5.0% and re-fis down -0.2%.

The Atlanta Fed Business Inflation Expectations survey shows expectations of 2.0% inflation for the next year.


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