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.
Lafrenière continuing his breakthrough season as a solid contributor for Rangers in NHL playoffs
Shenzhen promotes industrial tourism
Retired Textile Worker Teaches Party's History
A Star in Her Own Right — Ye Shuhua Dedicates Life to Development of Nation, Astronomy
Strictly star Giovanni Pernice's former partner Rose Ayling
Experiencing Uygur Culture in Kashgar
Zheng Zhenxiang: A Life Dedicated to Archeology
Headmistress Committed to Primary School Education for Decades
Macron is making a surprise trip to New Caledonia amid deadly unrest and indigenous frustration
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Encouraging People to Join Rural Revitalization