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:
Democrats pounce on Arizona Supreme Court's abortion rulingConservatives compelled by Trump are pushing Nebraska to adopt a winnerTrump’s hush money trial will test Alvin Bragg's efforts at neutralityBarry Odom signs 5Jalen Green has 26 points and Houston cruises to 116Boston Red Sox shortstop Trevor Story has seasonOil and gas companies must pay more to drill on federal lands under new Biden administration ruleSMU suspends football player named in highElection 2024 poll: Americans dissatisfied with Biden, TrumpPaurova becomes eighth Oregon State player to enter the portal
2.8736s , 6504.5703125 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Earth Examination news portal