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
Colton Herta shows speed as Honda fights back in penultimate Indy 500 practice session
INDIANAPOLIS (AP) — Colton Herta and Andretti Global showed Monday that the Honda teams at the India2024-05-22Gwyneth versus the Golden Arches! Paltrow mocked for homemade 'McMuffin' without a BUN
Gwyneth Paltrow's ultra-strict diet has struck again as the star is mocked on Instagram for her 'hig2024-05-22China secures last four spots in Thomas & Uber Cup
China's men's and women's teams trounced their opponents 3-1 and 3-0 respectively, advan2024-05-22Chinese yuan strengthens to 7.0994 against USD Monday
BEIJING, May 6 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, st2024-05-22Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
ST. PAUL, Minn. (AP) — A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers bel2024-05-22'Animal hoarders' are caught with dozens of live and dead pets inside hotel room
A Las Vegas couple are facing animal abuse charges after dozens of live and dead animals were found2024-05-22
atest comment