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:
Wisconsin GOPUEFA wants Euro 2024 referees to speak more with captains and get more respect in returnChampions League final between Real Madrid and Dortmund to be refereed by Slavko Vinčić of SloveniaBoeing orders tumble as troubled aircraft maker struggles to overcome its latest crisisAmsterdam university cancels classes after violence erupted at a proAlice Munro, Nobel literature winner revered as short story master, dead at 92Wife is spared jail for stabbing her husband for falling asleep while she was talking to himChicago mayor's bumpy first year tests progressive credentials, puzzling some supportersFormer University of Missouri frat member pleads guilty in hazing that caused brain damageJudge rejects Hunter Biden's bid to delay his June trial on federal gun charges
2.5877s , 6606.7109375 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Earth Examination news portal