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
These hilarious notices will make you do a double take
Public signs should usually be able to point you in the right direction, but some are clearly just t2024-05-22China's software industry logs steady growth in Q1
BEIJING, May 3 (Xinhua) -- China's software and information technology service industry logged stron2024-05-22Chicago Sky rookie Kamilla Cardoso out at least a month with a shoulder injury
CHICAGO (AP) — Chicago Sky rookie Kamilla Cardoso will be sidelined for at least a month with a shou2024-05-22One natural gas transport plan killed in New Jersey as another forges ahead
KEYPORT, N.J. (AP) — A major pipeline that would have moved natural gas through New Jersey and under2024-05-22Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
WASHINGTON (AP) — The Supreme Court on Monday declined, for now, to hear a challenge to a Maryland l2024-05-22Rangers put rookie outfielder Wyatt Langford on the injured list with a right hamstring strain
OAKLAND, Calif. (AP) — Texas Rangers rookie outfielder Wyatt Langford was placed on the 10-day injur2024-05-22
atest comment