This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-22 02:34:11 Source:worldViews(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.
Previous:Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
Next:Target to lower prices on basic goods in response to inflation
You may also like
- Target to lower prices on basic goods in response to inflation
- Hurricanes shut down on power play again, fall into 0
- Met Gala 2024: Rebecca Hall embraces Garden of Time theme with semi
- Future of MLB's Tampa Bay Rays to come into focus with key meetings on $1.3B stadium project
- Sarah Jessica Parker divides opinion with enormous hat on set of And Just Like That
- Western Hemisphere nations pledge to continue coordinating response to historic regional migration
- Hubei vows to boost high
- Busch hits game
- Brazil replaces injured goalkeeper Ederson in Copa America squad