US S&P/Case-Shiller Home Price MoM (Jan) M/M -0.1% (Prev. -0.1%)

The January Case-Shiller Home Price index showed a month-over-month decline of 0.1%, matching the previous month's reading. This suggests a continuation of softening in the housing market, potentially influencing sentiments around consumer spending and broader economic growth as mortgage rates remain elevated. Traders should watch for implications on Federal Reserve policy and how it might impact interest rates and inflation expectations.