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:
Lottery, gambling bill heads to Alabama legislative conference committee for negotiationsBritish woman, 38, 'is raped by 20Trump says New York judge won’t let him attend son’s graduation, no ruling has been madeUkraine prime minister calls for more investment in warWhatsApp has made a subtle change that has left users FURIOUSMyanmar junta attacks garrison in bid to rescue stranded soldiers — Radio Free AsiaThe push for school choice in Nebraska is pitting lawmakers against their constituentsGordon Ramsay serves papers to masked pub squatters who trashed TV chef's £13million London boozerIt was one of the most joyousChina's spy agency encourages people to see spies everywhere — Radio Free Asia
2.1184s , 5774.609375 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Global Glossary news portal