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
Investigators return to Long Island home of Gilgo Beach serial killing suspect
MASSAPEQUA PARK, N.Y. (AP) — Investigators returned Monday to the home of a New York architect charg2024-05-22- BERLIN (AP) — The German government and opposition lawmakers assailed the far-right Alternative for2024-05-22
Xavi says Barcelona's improved play has been key to changing his mind to leave the club
BARCELONA, Spain (AP) — Xavi Hernández says he walked back his decision to leave Barcelona this summ2024-05-22Harvey Weinstein’s rape conviction from landmark #MeToo trial overturned
NEW YORK (AP) — New York’s highest court on Thursday overturned Harvey Weinstein’s 2020 rape convict2024-05-22David Ortiz is humbled by being honored in New York again; this time for post
NEWTON, Mass. (AP) — Hall of Famer David Ortiz is committed to his post-career work like he was swin2024-05-22Harvey Weinstein’s rape conviction from landmark #MeToo trial overturned
NEW YORK (AP) — New York’s highest court on Thursday overturned Harvey Weinstein’s 2020 rape convict2024-05-22
atest comment