This Week: Home sales, Fed meeting minutes and consumer sentiment index
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.
Related articles
Everybody may love Raymond, but Ray Romano loves Peter Boyle
NEW YORK (AP) — “Baffling” is how Ray Romano calls the continued success of “Everybody Loves Raymond2024-05-21- April 12-18, 2024The flame for the Paris Olympics was lit at the birthplace of the ancient Olympic G2024-05-21
EPHRAIM HARDCASTLE: How Pippa Middleton revealed Kate's secret chutney recipe
Jam maker Meghan isn't the only royal producer of preserves. Kate makes a mean chutney, a jar of whi2024-05-21Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flare
HONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.4% on heavy selling of2024-05-21Should you claim child benefit? What it's worth
Child benefit was once a simple univeral payment that went to all those with children but a shake-up2024-05-21Tommy Fury heads out in his £180,000 Mercedes G Wagon for a haircut after his fiancé Molly
Tommy Fury headed out in his £180,000 Mercedes G Wagon to get a haircut, two weeks after his fiancé2024-05-21
atest comment