US House Price Index MoM (Dec) M/M 0.1% vs. Exp. 0.3% (Prev. 0.7%, Rev. From 0.6%)
The US House Price Index for December came in at 0.1% month-over-month, which is below the expected 0.3% and reflects a notable slowdown from the previous month’s 0.7% (revised from 0.6%).
NBH Governor Varga says a 25bp cut was the only option discussed, not committed to any rate path and didn't decide on starting a rate-cut cycle
Alphabet's (GOOG) Google says the platform ProceduralAI, which allows users to create and refine music using GenAI, is joining Google Labs
US House Price Index MoM (Dec) M/M 0.1% vs. Exp. 0.3% (Prev. 0.7%, Rev. From 0.6%)
EU reportedly expects the US to ease the impact of metals tariffs in the coming weeks, according to Bloomberg
US Redbook YoY (Feb/21) Y/Y 6.7% (Prev. 7.2%)
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This miss could signal weakening demand in the housing market, potentially impacting consumer confidence and influencing future monetary policy decisions.
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