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:
Barcelona to get floating desalination plant to help fight drought in northeastern SpainThe Dolphins have a 1stParis Olympics opening ceremony on river Seine will last nearly 4 hours250,000 Afghan children need education, food and homes after returning from Pakistan, says NGOColumbia University: Police arrest protesters who had set up proUN OKs shipment of vaccine storage equipment to North Korea — Radio Free AsiaThe Dolphins have a 1stA Nigerian schoolgirl abducted by extremists 10 years ago is rescued pregnant and with 3 kidsCoalition to submit 900,000 signatures to put toughHoroscope today: Daily guide to what the stars have in store for YOU
3.313s , 6498.5703125 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,World Winds news portal