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:
Tākaka man who died in mysterious circumstances namedChina's Hubei eases coronavirus curbsNo firm date for reopening of Picton's Dublin StreetBangladesh PM Hasina secures fourth straight term in vote boycotted by main oppositionChinese troops deployed in 'significant numbers' amid border tensions with IndiaChina's local virus cases downCoronavirus: WHO denies withholding information over China pressureConservatives set for heavy UK election defeat to opposition Labour, survey showsSecurity law: Hong Kong's artists resist censorship, continue sharing dissident art onlinePolitics updates: Kāinga Ora crackdown, changes to plug
3.292s , 6606.7421875 kb
Copyright © 2024 Powered by This Week: Home sales, Fed meeting minutes and consumer sentiment index ,Cosmic Coverage news portal