This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 21:25:27 Source:worldViews(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
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Queen Camilla, Princess Anne and Sarah Ferguson all don traditional spring shade
- Emma Hayes blasts Jonas Eidevall's 'male aggression' after heated post
- Emma Hayes blasts Jonas Eidevall's 'male aggression' after heated post
- MPs' fury at 'virtue
- Queen Camilla praises Kate Middleton
- Queen Camilla praises Kate Middleton
- Rustle these up with Rosemary: Sun
- How Diddy made himself the 'victim' in apology video where he does not mention ex