US New Home Sales (Mar) 682 vs. Exp. 0.668
Context
The US new home sales figure for March came in at 682k, slightly above expectations of 668k. This beat suggests stronger demand in the housing market, which could support a bullish outlook for economic growth and reinforce the narrative for potential rate hikes. Markets may react by pricing in a tighter monetary policy path given the stronger-than-expected data.
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