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.
Zhang Yufei bags fourth gold in China's national swimming championships
Miserable runs continue for Juve and Milan in stalemate
The teen spy who risked his life to save his friends aged just 16
David Ortiz is humbled by being honored in New York again; this time for post
Now Europe copies Rishi on Rwanda: Slap in the face for self
Santana homers again, drives in 4, as Twins rout Angels 16
Woman 'seriously hurt' in attack by bully
Universities axe hundreds of lecturers
Cruise worker 'murders newborn son on board ship': Shocked co
Moving to the country? You need to think about the stink... and you'll be hard