This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 20:52:32 Source:healthViews(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:How Diddy made himself the 'victim' in apology video where he does not mention ex
Next:California congressman urges closer consultation with tribes on offshore wind
You may also like
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- So, you want to be an MP? These are the careers most likely to lead to Parliament
- Russia election: Arrests for vandalism as ballot boxes targeted in Putin vote
- Minister 'not convinced' Fire and Emergency needs further levy boost
- 'Real life' Martha from Baby Reindeer's million
- VOX POPULI: Celebrating the arrival of spring the same way as in ‘Tale of Genji’
- How homeowners are responding to huge insurance premium hikes
- ASEAN summit: Myanmar community asks Parliament to block junta representatives
- Queen Camilla reveals she's seen the first season of Bridgerton