Mexican Retail Sales for September came at 0.1% MoM, as expected. On a yearly basis, sales plunged from -0.8% to -1.5%, more than the estimated -1.2% contraction.
US Initial Jobless Claims dipped from 217K to 213K, below estimates of 220K for the week ending November 16.
US Existing Home Sales increased by 3.96 million, up from 3.854 million for a 3.4% growth rate.
Data from the Chicago Board of Trade, via the December fed funds rate futures contract, shows investors estimate 22 bps of Fed easing by the end of 2024.
Last week, Moody’s changed Mexico’s credit outlook to negative, mentioning constitutional reforms that could negatively impact Mexico’s economic and fiscal strength.
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