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
Iran helicopter crash: President Raisi, the supreme leader's protege, dies at 63
DUBAI, United Arab Emirates (AP) — Iranian President Ebrahim Raisi, a hard-line protege of the count2024-05-21Israel has briefed US on plan to evacuate Palestinian civilians ahead of potential Rafah operation
WASHINGTON (AP) — Israel this week briefed Biden administration officials on a plan to evacuate Pale2024-05-21Drew Barrymore unveils new fashion collaboration with Justin Bieber's Drew House brand
Drew Barrymore has released a fashion capsule collection with Justin Bieber's brand Drew House - day2024-05-21California Democrat is sent a 'DUI prevention kit' with a breathalyzer and non
The House Republican campaign arm has delivered a 'DUI prevention kit' to state senator Dave Min, th2024-05-21Flight attendant reveals why plane passengers should NEVER fall asleep before take off
An experienced fight attendant has revealed why plane passengers should never fall asleep before tak2024-05-21Cheers and flames as Orthodox worshipers greet the ancient ceremony of the 'Holy Fire'
JERUSALEM (AP) — Bells and clamor, incense and flames. One of the most chaotic gatherings in the Chr2024-05-21
atest comment