This Week: Walmart earns, Fed meeting minutes, US home sales
A look at some of the key business events and economic indicators upcoming this week:
SPOTLIGHT ON
Analysts predict the nation’s largest retailer will report on Tuesday that its fiscal second-quarter earnings fell and its revenue rose compared with the same period last year. Last month,
FED CLOSE-UP
The
At that meeting last month, the central bank raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time, its most aggressive drive in more than three decades to tame high inflation. By raising borrowing rates, the Fed aims to discourage consumers and businesses from borrowing and spending more. That cools the economy, slowing inflation.
HOUSING MARKET BAROMETER
The
Economists predict sales of previously occupied
Existing home sales, in millions, seasonally adjusted annual rate:
Feb. 5.93
March 5.75
April 5.60
May 5.41
June 5.12
July (est.) 4.85
Source: FactSet
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