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
Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday:Johnson Contro2024-05-21Soderberg maintains strong recent form to share first
SHENZHEN, China (AP) — Sebastian Soderberg of Sweden maintained his impressive form by shooting a bo2024-05-21China's largest saltwater lake sees more water birds
Qinghai Lake, China's largest inland saltwater lake, has seen an increasing number of water bird2024-05-21Medicaid expansion discussions could fall apart in Republican
JACKSON, Miss. (AP) — The first serious effort by Mississippi’s Republican-led Legislature to expand2024-05-21Sports betting roundup: Xander Schauffele's final putt pays off for bettors
Xander Schauffele entered the PGA Championship with +1400 odds to win at BetMGM Sportsbook.That turn2024-05-21Holiday trips ride high on cultural quests
Not a huge fan of crowds, He Fang, a 37-year-old bank employee from Nanjing, East China's Jiangs2024-05-21
atest comment