US S&P/Case-Shiller Home Price MoM (Dec) M/M -0.1% (Prev. 0.0%, Rev. From 0%)
The Case-Shiller Home Price index showing a month-on-month decline of -0.1% suggests a slight downward pressure on housing prices, which is a notable change from the previous month's flat reading.
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 S&P/Case-Shiller Home Price MoM (Dec) M/M -0.1% (Prev. 0.0%, Rev. From 0%)
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 could indicate a cooling in the housing market, with potential implications for consumer confidence and related economic sectors, possibly influencing future monetary policy considerations.
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