- 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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