This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 22:05:50 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:What's next for Iran after death of its president in crash?
Next:Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
You may also like
- Mohammad Mokhber: Who is Iran’s acting president?
- World's first hydrogen
- Lin Xiaojun wins 500m gold at short track speed skating worlds
- Xinhua Headlines
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- Industry sees OpenAI's Sora as a game changer
- Harvard president resigns amid new plagiarism allegations
- Blinken's Mideast trip dubbed futile exercise
- Why US Catholics are planning pilgrimages in communities across the nation