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:
Türkiye's Istanbul welcomes 1st Chinese tourist group after pandemicChina's benchmark interbank gold prices mixed MondayWilly Adames calls his shot, hits goHotpot festival spices up Chongqing's consumer marketAmerica's worst jail? Inmate is the THIRD to escape from facility in less than a monthChina to launch Chang'eEvent launched to promote 'Highway 95' automotive tourism projectF1: Chinese GP practice halted by trackside fireBoeing's first astronaut launch is off until late next week to replace a bad rocket valveMarseille survive Villarreal fightback to go through
2.873s , 6500.2421875 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,International Ink news portal