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:
China celebrates 30 years of internet access, boasting over 1 billion usersMichelle Williams puts on a leggy display in thighMoment mysterious loud boom shakes houses as a huge flash lights up the night sky over VegasFormer Chinese bank official stands trial for bribery19th Western Pacific Naval Symposium opens in E ChinaChinese, French scholars hold crossLauren Sanchez walks 2024 Met Gala red carpet WITHOUT billionaire fiance Jeff Bezos2 killed, 21 injured in southwest China attackChinese police launch campaign to hunt down economic fugitives abroadMet Gala 2024: Jodie Turner
2.9106s , 6576.28125 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Worldly Winds news portal