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
Children are evacuated from school 'during an exam' after threat made via email
Children have been evacuated from a school with Year 11 students told to leave mid-exam after a thre2024-05-22Ilhan Omar's activist daughter Isra Hirsi is suspended from Barnard College over anti
Progressive Rep. Ilhan Omar's daughter was suspended from her college after protesting in an anti-Is2024-05-22Key ally of Pakistan's prime minister demands end to ban on social media platform X
ISLAMABAD (AP) — An important ally of Pakistani Prime Minister Shehbaz Sharif demanded the governmen2024-05-22A Nigerian chess champion is trying to break the world record for the longest chess marathon
NEW YORK (AP) — A Nigerian chess champion and child education advocate is attempting to play chess n2024-05-22Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-22Tommy Fury heads out in his £180,000 Mercedes G Wagon for a haircut after his fiancé Molly
Tommy Fury headed out in his £180,000 Mercedes G Wagon to get a haircut, two weeks after his fiancé2024-05-22
atest comment