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:
Rangers are undefeated at .500 to keep World Series champs from a losing record with BochyPhilippines blames China for loss of giant clams in disputed shoal and urges environmental inquiryCompany wins court ruling to continue development of Michigan factory serving EV industry‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squadKosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failedTravis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor SwiftAnalysis: Larson enters conversation with Verstappen as best drivers in the worldStorms damage homes in Oklahoma and Kansas. But in Houston, most power is restoredMinnesota Uber and Lyft driver pay package beats deadline to win approval in LegislatureKosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
2.8975s , 6498.734375 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Stellar Stories news portal