US Existing Home Sales Miss Forecast, Decline 2.0% M/M
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US existing home sales miss expectations in August at 3.98M
US existing home sales fell to 3.98M in August from 4.06M previously, matching consensus but signaling housing-market softness. Weaker housing data adds to growth concerns just as markets reprice Fed rate-cut odds for September; USD may face headwinds if data reinforces a pivot away from higher rates.
https://x.com/FirstSquawk/status/2098048974389428370US Existing Home Sales Hit Weakest Pace in Over Year
US existing home sales fell to their slowest pace in more than a year last month, signalling cooling housing demand amid elevated rates. This adds to the growth-weakness narrative traders are watching ahead of Friday's PMI data and jobless claims, which will inform September Fed rate expectations and USD direction.
https://www.bloomberg.com/news/videos/2026-09-10/existing-home-sales-fall-to-weakest-in-more-than-a-year-videoNew to MyTradingLand?
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