Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap This Week: Home sales, Fed meeting minutes and consumer sentiment index !

This Week: Home sales, Fed meeting minutes and consumer sentiment index

Time:2024-05-22 05:29:02 source:Culture Craft news portal

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 information
  • Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
  • Roger Goodell envisions more overseas games, more streaming and more cities hosting the NFL draft
  • DAILY MAIL COMMENT: Nationalisation is no answer to rail chaos
  • Buccaneers add offensive line help, select Duke C Graham Barton in NFL draft
  • David Ortiz is humbled by being honored in New York again; this time for post
  • Debates to play a major role in Pennsylvania's 2024 US Senate election
  • Chiefs trade up with Bills to select WR Xavier Worthy at No. 28 in NFL draft
  • Stephen Curry wins NBA's Clutch Player of the Year, adding to his trophy collection
Recommended content
  • Culture festival showcases integration
  • David Bowie was right
  • Biden, 81, is blasted by CNN for repeating lie that he used to drive an 18
  • Rory McIlroy and Shane Lowry share lead in team event at TPC of Louisiana
  • Mark Wahlberg's new action
  • ‘The movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo reckoning