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
- Mark Wahlberg's latest film will be flying into theaters this fall, with Lionsgate setting an Octobe2024-05-21
TikTok content creators sue the US government over law that could ban the popular platform
Eight TikTok content creators sued the U.S. government on Tuesday, issuing another challenge to the2024-05-21Man sought after ‘So I raped you’ Facebook message detained in France on 2021 warrant
LYON, France (AP) — An American accused of sexually assaulting a Pennsylvania college student in 2012024-05-21Coastal Carolina and Delaware will play home
CONWAY, S.C. (AP) — Coastal Carolina and Delaware will play a home-and-home football series in 20262024-05-21Digital technologies restore looks of 2,200
CHANGSHA, May 17 (Xinhua) -- Lady Xin Zhui, a 2,200-year-old mummified aristocrat from central China2024-05-21Kentucky Derby winner Mystik Dan settles in at Pimlico ahead of the Preakness
BALTIMORE (AP) — Mystik Dan exerted so much energy winning the Kentucky Derby by a nose in the race’2024-05-21
atest comment