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:
Indonesian police arrest 8 suspected militants, part of a banned extremist group with alUkrainian president orders demobilization of conscriptsRevealed: The selfSotutu powers Blues to 46Trump picks up more national delegates as the only choice for Wyoming RepublicansThe US military will begin plans to withdraw troops from NigerThe monkey gangs turning this Thai city into a realRybakina ends Swiatek's Stuttgart reign in 3Russia edges toward a possible offensive on KharkivMilwaukee teenager gets 13 years for shooting inside restaurant that killed 2 other teens
2.7424s , 6576.140625 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,World Wonders news portal