Chicago Federal Reserve National Activity Index (May 2013)
– Index -0.13. Previous was revised to -0.29.
A zero reading represents the historical trend.
Existing Home Sales (June 2013)
– Existing Home Sales (Seasonally Adjusted, Annualized) 5,080,000. Previous was 5,180,000.
– Existing Home Sales Year/Year +15.2%
The “higher rates will not affect sales” story may look a bit weak today but Existing Home Sales have not taken a beating – just flattened.
Highlights of the rest of this week are New Home Sales (Wednesday) and Durable Goods Orders (Thursday).