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:
JAN MOIR: Why JK Rowling SHOULDN'T forgive the weaselly bandCONTRIBUTIONS STANDARD TERMS AND CONDITIONSSophie Wessex and daughter Lady Louise are Queens of the royal handDozens of jobs set to be axed at TreasuryPrince William spotted on 'lowAddicted to hunting lodges, horses and endless parties, the freeKate and Charles' heartNew US inflation data 'along the lines' of what Fed wants, Powell saysWho is Tiggy LeggeNever leave a man behind: Veterans join forces to give British spy a proper send
2.7204s , 6500.421875 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Global Graph news portal