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
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Britain has a new sports car. But it's not like anything else you've seen on the road before.Callum,2024-05-21China's national political advisory body holds leadership meeting
Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of Ch2024-05-21Justice Thomas misses Supreme Court session with no explanation
WASHINGTON (AP) — Supreme Court Justice Clarence Thomas was absent from the court Monday with no exp2024-05-21John Sterling retires from Yankees broadcast booth at age 85 a few weeks into 34th season
NEW YORK (AP) — Yankees radio broadcaster John Sterling announced his immediate retirement Monday at2024-05-21David Ortiz is humbled by being honored in New York again; this time for post
NEWTON, Mass. (AP) — Hall of Famer David Ortiz is committed to his post-career work like he was swin2024-05-21Justin Verlander is likely to make his season debut for the Astros this weekend at Washington
HOUSTON (AP) — Astros ace Justin Verlander will throw a side session Tuesday, and if that goes well2024-05-21
atest comment