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
Arrest Lord Mountbatten's self
Families of the Birmingham pub bombing victims yesterday demanded that a former IRA commander implic2024-05-22Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 60 cents to $79.23 per barrel Thursday. Brent crude2024-05-22An abortion rights initiative makes the ballot in conservative South Dakota
South Dakota voters will decide on abortion rights this fall, getting a chance at direct democracy o2024-05-22Amy Kremer helped organize the pro
ATLANTA (AP) — Amy Kremer stood near the White House on Jan. 6, 2021, and told thousands of Donald T2024-05-22Germany's foreign minister visits Kyiv as Ukraine battles to hold off a Russian offensive
KYIV, Ukraine (AP) — Germany’s foreign minister arrived in Kyiv on Tuesday in the latest public disp2024-05-22Mexican and Guatemalan presidents meet at border to discuss migration, security and development
TAPACHULA, Mexico (AP) — Mexico President Andrés Manuel López Obrador and Guatemala President Bernar2024-05-22
atest comment