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:
Afternoon tea makes a comeback thanks to the snapWeek in Politics: Tax cuts and a spoonful of sugarJohn Goodman, 71, shows off his slimmedKirsten Dunst says she STILL gets a Christmas cake from Interview With The Vampire coConan O'Brien reveals the WORST 'amateur move' a talkMore than 30m Americans could face drinking water crisis as officials find major flaws in US damQueen Letizia channels Spring with a colourful floral dress for an event in CordobaThierry Henry predicts Phil Foden's stunning goal in 3Scoop review: Netflix's Prince Andrew drama divides critics'Not our stance': Expert advice on mine application riles councillors
2.563s , 6502.2265625 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Global Grasp news portal