US Economic Calendar For The Week Of May 20, 2019

International Business Times poll on major U.S. economic indicators scheduled for release during the week of May 20, 2019.

This week’s sparsely populated economic calendar will shed light on the minutes from the Federal Reserve’s latest meeting, state of the housing market and Markit’s reading on manufacturing and services purchasing managers’ index.

While economists expect the FOMC minutes to show the Fed in a comfortable position with its stance on policy, market participants will closely watch for discussions around inflation and the balance sheet.

Economists expect existing home sales to add 5.33 million units in April against the previous month’s 5.21 million units. New home sales will likely slip to 0.672 million in April from 0.692 million units recorded in March.

Markit’s flash reading on May’s composite purchasing managers’ index is expected to edge lower to 52.7 in May, from 53 in April.