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.
Chinese National Flag Flown at Half
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
Full Text of Xi's Signed Article on Saudi Media
'Red Building,' a Witness of China's Revolution
School bullies will lose chances for better education
Sarah Jessica Parker divides opinion with enormous hat on set of And Just Like That
Xi Says China to List Saudi Arabia as Destination for Group Travel
Who is Abi Carter? Inside the American Idol winner's unconventional family life
Xi's Overseas Trip Demonstrates China's Commitment to Global Growth, Governance