A look at some of the key business events and economic indicators upcoming this week SPOTLIGHT ON HOUSINGThe 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 FED CLOSE-UPThe 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. |
Türkiye's Istanbul welcomes 1st Chinese tourist group after pandemicChina beats Indonesia to claim its 16th Uber Cup titleChina to ease tour restrictions for festivalOn the field at least, the Nationals and Orioles have had a pretty friendly rivalryEnvision, Suez ink battery park partnershipHarper hits grand slam, streaking Phillies rout Blue Jays 10China, Indonesia to wrap up both Thomas & Uber Cup FinalsVerdugo powers Yankees to 10Envision, Suez ink battery park partnership'Animal hoarders' are caught with dozens of live and dead pets inside hotel room