A look at some of the key business events and economic indicators upcoming this week
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
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:
Related suggestion:
Tunisian lawyers call for strike over arrest of their colleague amid crackdown on dissentDonald Trump's very Jersey Shore rally: ExProtestors stage sporadic demonstrations as colleges hold commencementsChina reports current account surplus in Q1Schools turn to artificial intelligence to spot guns as companies press for state fundsWhat to know about Michael Cohen, the central witness in Trump's hush money trialRepublican Vermont Gov. Phil Scott is running for reelection to 5th termFrench star halts Eurovision rehearsal in Israel protestBBC's gaffePictured: Grandmother, 66, stabbed to death near bus stop
2.8725s , 5261.78125 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,World Weaver news portal