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US Existing Home Sales MoM (Dec) M/M 5.1% vs. Exp. -1.6% (Prev. 0.7%, Rev. 0.5%)

The December existing home sales data came in significantly stronger than expectations, with a rise of 5.1% versus the anticipated decline of 1.6%.

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US Existing Home Sales MoM (Dec) M/M 5.1% vs. Exp. -1.6% (Prev. 0.7%, Rev. 0.5%)

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This notable upside not only suggests resilient demand in the housing market but could also signal potential implications for consumer confidence and broader economic growth, possibly influencing central bank policy in the near term.

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