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:
Lok Sabha elections 2024: Why Modi and BJP face strong resistance in south IndiaUS youth prospect Keyrol Figueroa signs pro contract with LiverpoolSouth Carolina lawmakers rekindle bill limiting how topics like race are taughtMet Gala noBiden condemns antisemitism in Holocaust remembrance speechA doctor whose views on COVIDWith help from AI, Randy Travis got his voice back. Here's how his first song postElection 2024: Denial and uncertainty are looming over a BidenTikTok sues US government over law that could ban the social media platformHow to drastically slash your odds of getting Alzheimer's
2.5744s , 6492.4375 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,World Wander news portal