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
Xander Schauffele gets validation and records with one memorable putt at PGA Championship
LOUISVILLE, Ky. (AP) — Xander Schauffele might have to watch the replay of his 6-foot putt to see ho2024-05-22Florida lawmakers pass bill to ban social media for children under 16
By Gabriella Borter for ReutersThe social media bill now goes before Florida Governor Ron DeSantis,2024-05-22Edoardo Mapelli Mozzi drives wife Princess Beatrice and his son Wolfie and sister
Edoardo Mapelli Mozzi has been photographed driving through Windsor with his wife Prince Beatrice, 32024-05-22Global democracy rankings: Australia in top 10 nations
Your web browser is no longer supported. To improve your experience update it here2024-05-22Lafrenière continuing his breakthrough season as a solid contributor for Rangers in NHL playoffs
After a breakthrough regular season, Alexis Lafrenière has continued to be a solid contributor for t2024-05-22JULIE BURCHILL: Why I spread rumours about Kate
I blame Oscar Wilde; reading him at a formative age, his line ‘There is only one thing in the world2024-05-22
atest comment