This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-22 00:03:21 Source:styleViews(143)
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.
You may also like
- Brewers starter Joe Ross leaves after first inning vs. Marlins with lower back strain
- Villagers in Mexico organize to take back their water as drought, avocados dry up lakes and rivers
- Eva Mendes, 50, displays her gorgeous complexion in stunning selfies
- Buxton, Kirilloff help Twins rally past White Sox 6
- LeBron James UNFOLLOWS Diddy on Instagram after video of assault on ex
- Channing Tatum transforms into tech billionaire in Blink Twice trailer
- The Latest
- English singer Tom Grennan promises 'big risks' with daring new album ahead of Australian tour
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons