US: Existing home sales likely to decline 1.5% m/m in November - TDS

Analysts at TD Securities suggest that the release of existing home sales data will be a key economic release for today’s session.

Key Quotes

“Existing home sales for November will be published at 10:00 ET, with the market consensus looking for a 1.5% m/m decline to an annualized 5.24m units.”

“The Fed's blackout period ahead of the January 31st decision commenced over the weekend, ensuring a quiet week for central bank communications.”