This Week: Home sales, Fed meeting minutes and consumer sentiment index
A look at some of the key business events and economic indicators upcoming this week
SPOTLIGHT ON HOUSING
The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday.
Economists project that sales of previously occupied homes slowed slightly in April from the previous month to a seasonally adjusted annual rate of 4.18 million homes. The spring homebuying season is off to a sluggish start this year as home shoppers contend with elevated mortgage rates and rising prices.
Existing home sales, in millions, seasonally adjusted annual rate:
Nov. 3.91
Dec. 3.88
Jan. 4.00
Feb. 4.38
March 4.19
April (est.) 4.18
Source: FactSet
FED CLOSE-UP
The Federal Reserve delivers the minutes from its most recent interest rate policy meeting Wednesday.
At that meeting, Fed officials emphasized that inflation has remained stubbornly high in recent months and said the central bank doesn’t plan to cut interest rates until it has greater confidence that price increases are slowing sustainably to its 2% target. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fed’s belief that inflation was steadily easing.
Related articles
Candice Swanepoel wows in a shimmering black flared jumpsuit as she joins ab
Candice Swanepoel and Toni Garrn led the stylish arrivals at the lavish Michel Kors dinner during th2024-05-22SWAT team pulls suspect out of car after standoff in grocery store parking lot
SWAT team pulls suspect out of car in San Bernardino County parking lot 02:052024-05-22So, you want to be an MP? These are the careers most likely to lead to Parliament
By Esther Taunton of2024-05-22- The law change will mean that cough and cold medicines containing pseudoephedrine will be available2024-05-22
National Television Awards 2024 nominations: Michelle Keegan and Leo Woodall go head
Britain's most popular TV awards are back, with 15 categories announced in the longlist on Tuesday.H2024-05-22'Barbie' makes history with $1 billion at the box office
Your web browser is no longer supported. To improve your experience update it here2024-05-22
atest comment