This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 21:44:34 Source:sportViews(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.
You may also like
- Georgia Republicans choose Amy Kremer, organizer of pro
- Delhi smog: Years being taken off people's lives as China shows how to beat smog
- VOX POPULI: Remembering the psychologist who changed the face of economics
- The week in politics: Targets, truants and MPs' pay pickle
- Company wins court ruling to continue development of Michigan factory serving EV industry
- Pharmac inks deal with GlaxoSmithKline for new cancer, HIV and COPD drugs
- Americans have just a few days left to pay their income taxes
- Yan Chenglong: Chinese chess champ dethroned after defecating and sex toy cheat claims
- French sports minister calls for sanctions after Monaco player tapes over anti