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:
Cheng Lei China: Jailed Australian TV anchor jailed releases rare messageEducation Ministry workers on tenterhooks awaiting job cuts newsVOX POPULI: Leadership skills of the past are missing in the politics of todayVOX POPULI: Sudden death of Navalny shows dangers of the truth in RussiaPolitics updates: Follow updates for the latest on government targetsNew video of 'human bear' waving emerges as expert weighs in with verdictHainan island: Known as 'China's Hawaii,' the vacation hotspot is also a strategic military baseVOX POPULI: Manga artist exposes the juicy dynamics behind ‘oden’ factionsPolitics updates: Follow updates for the latest on government targetsHow homeowners are responding to huge insurance premium hikes
2.5996s , 6506.6328125 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Cultural Caravan news portal