This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 21:28:41 Source:styleViews(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
- Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
- Man arrested in 1989 killing of 78
- Pink Princess and wannabe fashion designer Maria Chiara rocks DIY dress in Cannes
- Preakness is up next for Brian Hernandez after winning the Derby with a perfect trip on Mystik Dan
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Sen. Bob Menendez reveals his wife has breast cancer as his trial focuses on FBI raid of his home
- Rylan Clark gets playful as he details intimate hotel moment with Rob Rinder during cosy interview
- Queen's Club to stage women's event next year in run
- Julian Assange's five