Interpretation of the monthly rate of the US existing home sales contract index in May

At 22:00, the monthly rate of the US existing home sales contract index in May was released, recording a value of -2.1%, the previous value of -7.7, and the expected value of 2.5%.

It is expected that existing home sales in May will increase, but the actual value is lower than the previous value, but it is lower than expected.

The recorded data increased by 5.5% year-on-year. Although the growth of existing home sales in May was lower than expected, the increase will still bring some relief to the rental market, which is good for tomorrow's May PCE data.

Today's macro data is basically over, so wait patiently for tomorrow's PCE data.