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.
Target to lower prices on basic goods in response to inflation
Benedict Cumberbatch looks suave as he joins his co
David Ortiz is humbled by being honored in New York again; this time for post
How Diddy made himself the 'victim' in apology video where he does not mention ex
What's next for Iran after death of its president in crash?
Rishi Sunak to apologise for worst treatment disaster in NHS history
China's first intelligent offshore drilling platform installed
Strictly star Giovanni Pernice's former partner Rose Ayling
Cannes 2024: Studio Ghibli takes a bow with an honorary Palme d'Or
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Flight attendant reveals why plane passengers should NEVER fall asleep before take off