This Week: Home sales, Fed meeting minutes and consumer sentiment index
A look at some of the key business events and economic indicators upcoming this week
SPOTLIGHT ON HOUSING
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
FED CLOSE-UP
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
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Travis Kelce was spotted taking a whiskey shot from a slice of bread in true southern fashion as he2024-05-22Taiwan's remaining Pacific allies pledge support
Taiwan flags flying in Freedom Square, Taipei. Photo: RNZ / Kaye Albyt2024-05-22Australian town of Marble Bar clocks 26 consecutive days over 43 degrees Celsius
By Charlie Mills and Charlie McLeanMarble Bar in Western Australia has just recorded 26 days straigh2024-05-22Japan launching new visa for digital nomads but will it be enough to solve its economic woes?
By Lachlan Bennett, ABCPeople walk across the Shibuya Crossing in Tokyo. Photo: Supplied/AFP2024-05-22Bichette has 4 hits, Berríos snaps 4
TORONTO (AP) — Bo Bichette had three doubles among his four hits, José Berríos pitched six solid inn2024-05-22In China, a factory is turning old wedding photographs into fuel
By Matthew WalshAt a dusty warehouse in northern China, Liu Wei feeds photos of beaming bridal coupl2024-05-22
atest comment