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
Harris accepts debate invite to face off with Trump's VP pick, which may come at convention
WASHINGTON (AP) — Vice President Kamala Harris has accepted an invitation from CBS News to debate fo2024-05-21Dozens of Russian athletes are likely to qualify for the Paris Olympics. Will Moscow let them go?
DUESSELDORF, Germany (AP) — With 100 days to go until the Paris Olympics, it’s still not clear wheth2024-05-21Solomon Islanders vote in key election for their country, region — Radio Free Asia
Solomon Islanders queued to vote in the rain and under a boiling sun, undeterred by fickle weather o2024-05-21Trolls call me 'disgusting' and say 'no man will ever love me' for not shaving my body hair
A 21-year-old woman who gets 'crazy' hate and called 'disgusting' for not shaving her body hair has2024-05-21- WikiLeaks founder Julian Assange's five-year battle against extradition to the US for espionage char2024-05-21
- BEIJING, April 2 (Xinhua) -- The size of China's low-altitude economy exceeded 500 billion yuan (69.2024-05-21
atest comment