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.
Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
US Senate passes funding package after missing deadline to avert partial gov't shutdown
Tibetan Carpet Industry Thrives Through Innovation in NW China's Qinghai
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
Palestinian death toll from Israeli attacks on Gaza rises to 32,226
Heating Services Against Strong Cold Wave That Sweeps Across Most Parts of China
More Services for Elderly Proposed
Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
Volunteers for 6th CIIE Kick off On