This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-22 03:43:49 Source:opinionsViews(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:Judge blocks Biden administration from enforcing new gun sales background check rule in Texas
Next:Candice Swanepoel wows in a shimmering black flared jumpsuit as she joins ab
You may also like
- Defending champion South Carolina to open season in Las Vegas against Michigan
- Top tennis players say they're playing too much because the tournaments are too long
- Travis Kelce and Patrick Mahomes learn their road to an historic NFL three
- China and India's 'stone age' border battle: Astonishing never
- Auburn running back Brian Battie on ventilator after weekend shooting in Florida, coach says
- Belgian soccer pauses ticket sales for Israel game amid security fears
- Topeka was at the center of Brown v. Board. Decades later, segregation of another sort lingers
- PGA Championship begins at Valhalla with Rory McIlroy, Tiger Woods
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk