This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-22 04:26:59 Source:travelViews(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.
Previous:Judge blocks Biden administration from enforcing new gun sales background check rule in Texas
Next:Cruise worker 'murders newborn son on board ship': Shocked co
You may also like
- Candice Swanepoel stuns in a form
- Xi Pledges China's Continuous Support for Cuba in Opposing Interference
- Xi Meets Senegalese President in Johannesburg
- Xi Calls on China, S. Africa to Strengthen Four Partnerships in Golden Era
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- R&D seen as key to success of private firms
- New energy projects cater to Xizang's power needs
- Tightening her grip on greatness
- China's first intelligent offshore drilling platform installed