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.
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
China Wins Women's Sitting Volleyball World Cup Title
Chinese paddlers shine at WTT Champions Incheon
Artist Helps Youth Understand Beauty of Rock Paintings
Rishi Sunak to apologise for worst treatment disaster in NHS history
Knitting Teacher Casts off Gloom
Across China: Hainan's Ethnic Tea Grower Strives for Collective Prosperity
Young Mechanists at Jinan Bullet Train Service Station Maintain Trains for Safe Operation
Rishi Sunak to apologise for worst treatment disaster in NHS history
Foreign Ministry gets new spokesman
Candice Swanepoel wows in a shimmering black flared jumpsuit as she joins ab
Ceramist to Promote Heritage Projects