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
Target starts price war with Walmart by slashing the cost of 5,000 popular items
Target will be lowering prices on at least 5,000 frequently bought products ranging from milk to dia2024-05-22Türkiye's opposition takes election lead in key cities
ANKARA, March 31 (Xinhua) -- Türkiye's main opposition, the Republican People's Party (CHP), led in2024-05-22Xizang chairman hails region's miraculous development
People visit the Potala Palace square in Lhasa, southwest China's Xizang Autonomous Region, Feb.2024-05-22Myanmar police hand over 352 telecom fraud suspects to China
China's Ministry of Public Security (MPS) Monday said the Myanmar police repatriated 352 Chinese2024-05-22How Robert F. Kennedy Jr. could make the first debate stage
PHOENIX (AP) — Robert F. Kennedy Jr. has long argued that the biggest hurdle of his presidential cam2024-05-22Bangladesh mulls to suspend services of Facebook, YouTube: minister
DHAKA, March 31 (Xinhua) -- A Bangladeshi minister on Sunday said that the country would temporarily2024-05-22
atest comment