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
'The Apprentice,' about a young Donald Trump, premieres in Cannes
CANNES, France (AP) — While Donald Trump’s hush money trial entered its sixth week in New York, an o2024-05-22Putin focuses on trade and cultural exchanges in Harbin, China, after reaffirming ties with Xi
BEIJING (AP) — Russian President Vladimir Putin focused on trade and cultural exchanges Friday durin2024-05-228 EU members say conditions in Syria should be reassessed to allow voluntary refugee returns
NICOSIA, Cyprus (AP) — The governments of eight European Union member states said Friday the situati2024-05-22Kim's sister denies North Korea has supplied weapons to Russia
SEOUL, South Korea (AP) — The influential sister of North Korean leader Kim Jong Un again denied Fri2024-05-22DR MARTIN SCURR: How losing your hearing may cause dementia
Q: You said in a column last month that poor hearing is linked to dementia risk. Could you please ex2024-05-22Rishi Sunak hints there won't be an election until AUTUMN during grilling on ITV's Loose Women
Rishi Sunak hinted there will not be an election until the Autumn today as he was grilled on ITV's L2024-05-22
atest comment