This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 21:08:18 Source:worldViews(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:Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Next:Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
You may also like
- The fightback begins: Boss of London's Queen Mary University tells pro
- Top court: Resolving international disputes key
- Beijing urges respect in South China Sea dispute
- BRI an 'opportunity for all', says FM
- Minnesota Equal Rights Amendment fails in acrimonious end to legislative session
- Expanding common ground underpins regional stability
- Peaceful principles playing key role in intl relations, FM says
- Spokesman calls on U.S. to translate commitment into action
- ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad