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
Red Lobster seeks bankruptcy protection after closing some restaurants
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn2024-05-21Trump hush money trial: Prosecutors zero in on details as testimony resumes
NEW YORK (AP) — The first week of testimony at Donald Trump’s hush money trial was the scene-setter2024-05-21Zack Norman dead at 83: Romancing The Stone star who played crocodile
Actor Zack Norman has died aged 83.The star, who was best known for his role as crocodile-loving ant2024-05-21Martin Freeman breaks his silence on the fierce backlash surrounding THAT X
Martin Freeman has broken his silence on the fierce backlash surrounding the X-rated scene between h2024-05-21FDIC chairman Martin Gruenberg to step down, White House says
NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corpo2024-05-21- SEATTLE (AP) — The Atlanta Braves lost a combined no-hitter against the Seattle Mariners in the eigh2024-05-21
atest comment