This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 23:44:44 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:Red Lobster seeks bankruptcy protection after closing some restaurants
Next:Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
You may also like
- Rays opening day starter Zach Eflin placed on 15
- Sanders orders US and Arkansas flags flown at half
- Shohei Ohtani hits 450
- General Motors reports strong first
- Siblings trying to make US water polo teams for Paris Olympics
- Trout bats leadoff for first time since 2020 as three
- Turkish dental surgeon screwed tooth implant into father's BRAIN cavity in horrific blunder
- College students, inmates and a nun: A unique book club meets at one of the nation’s largest jails
- Flight attendant reveals why plane passengers should NEVER fall asleep before take off