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
- ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays placed opening-day starter Zach Eflin on the 15-day i2024-05-22
Rwanda flights will continue 'indefinitely' until the small boats are stopped, James Cleverly says
Rwanda removal flights will continue 'indefinitely' until migrants stop crossing the Channel by smal2024-05-22Columbia's president, no stranger to complex challenges, walks tightrope on student protests
Columbia University president Minouche Shafik is no stranger to navigating complex international iss2024-05-22Married With Children's WILD behind
A new book has laid bare the wild antics that went down on the Married... With Children set - reveal2024-05-22Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
PHOENIX (AP) — The nonpartisan Commission on Presidential Debates, which has planned presidential fa2024-05-22China to improve museum docent services
BEIJING, Aug. 23 (Xinhua) -- China's National Cultural Heritage Administration has issued guidelines2024-05-22
atest comment