This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-22 04:07:14 Source:businessViews(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:Dali cargo ship is finally brought back to port
Next:Nadal returns to Roland Garros to practice amid doubts over fitness and form
You may also like
- Cruise worker 'murders newborn son on board ship': Shocked co
- Iranian FM, EU foreign policy chief discuss Iran's retaliatory attack against Israel
- China to further boost employment
- Zendaya sports a white towel mini dress as she debuts another tennis
- These hilarious notices will make you do a double take
- Connor McDavid becomes 4th in NHL history with 100 assists as the Oilers rout the Sharks 9
- Mick Byrne appointed head coach as Fiji targets Nations Championship
- Death toll in airstrikes on E. Syria rises to 15
- Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D