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
How Robert F. Kennedy Jr. could make the first debate stage
PHOENIX (AP) — Robert F. Kennedy Jr. has long argued that the biggest hurdle of his presidential cam2024-05-21EMMA COWING: A precious glimpse into the Queen's happy home
It's a picture that has been burnished into the collective memory. Queen Elizabeth II smiling, a lit2024-05-21Ministry of Health proposes 134 job losses
Photo: RNZ / Dom Thomas2024-05-21As Victoria Beckham turns 50, the money
When Victoria Beckham sits down at the table in the opulent London restaurant where she will celebra2024-05-21Forensic psychiatrist reveals the different types of stalkers
Stalking has been in the spotlight recently thanks to the smash hit success of Netflix drama Baby Re2024-05-21Clockenflap 2023 guide, schedule and map: Hong Kong abuzz for mask
Hongkongers are set to flock to the city’s biggest international music and arts festival this2024-05-21
atest comment