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
Pregnancy app used by the NHS accused of 'imposing gender ideology'
A pregnancy app used by the NHS has been accused of 'imposing gender ideology' by asking expectant w2024-05-22FBI, Homeland Security warn of possible threats to LGBTQ events, including Pride Month activities
WASHINGTON (AP) — Foreign terrorist organizations or their supporters might target LGBTQ-related eve2024-05-22Giuliani bankruptcy judge frustrated with case, rebuffs attempt to challenge $148 million judgment
The judge overseeing Rudy Giuliani’s bankruptcy case said he was “disturbed” so little progress has2024-05-22Keke Palmer and Laverne Cox bring the glamour while being honored at Webby Awards in New York City
Keke Palmer and Laverne Cox brought the glamour while being honored on Monday at the 28th annual Web2024-05-22Strictly star Giovanni Pernice's former partner Rose Ayling
Giovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl2024-05-22Incumbent president, PM head for runoff in Lithuania's presidential race: preliminary results
VILNIUS, May 13 (Xinhua) -- Incumbent President Gitanas Nauseda and Prime Minister Ingrida Simonyte2024-05-22
atest comment