This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-22 04:17:18 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.
Previous:Patrick Reed withdraws from US Open qualifying and ends streak of playing the majors
Next:Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
You may also like
- Iran helicopter crash: President Raisi, the supreme leader's protege, dies at 63
- Spain's Otaegui wins Volvo China Open
- Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
- Big Ten women's basketball schedule brings USC, UCLA to conference's easternmost schools
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9
- Madrid Open: Rublev overcomes illness to win title
- Reigning champions Liaoning on verge of playoff exit
- Closing prices for crude oil, gold and other commodities
- Seven sneaky clauses in estate agent contracts that can cost you dear