US House Price Index YoY (Dec) Y/Y 1.8% (Prev. 2.1%, Rev. From 1.9%)

US House Price Index YoY (Dec) Y/Y 1.8% (Prev. 2.1%, Rev. From 1.9%)

The US House Price Index YoY came in at 1.8% for December, lower than the previous reading of 2.1% and revised from 1.9%. This decline may suggest a cooling in the housing market, which could affect consumer sentiment and spending, as well as have implications for future Fed policy regarding interest rates.