This Week: Home sales, Fed meeting minutes and consumer sentiment index

opinions2024-05-22 00:45:103

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.

Address of this article:http://tajikistan.olivelawfirm.net/news-44a499516.html

Popular

New York Liberty improve to 4

McIlroy ready to return to PGA Tour policy board

Lightning and Islanders searching for answers to rebound from 2

UN report says 282 million people faced acute hunger in 2023, with the worst famine in Gaza

China's first intelligent offshore drilling platform installed

Royals' Alec Marsh hit on throwing arm by line drive, leaves in 5th against Blue Jays

Lightning and Islanders searching for answers to rebound from 2

Ramen is more than just a bowl of noodles, it is an experience and tourist attraction in Japan

LINKS