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. |
Netanyahu says Hamas No. 4 killedMore people are evacuated after the dramatic eruption of an Indonesian volcanoOld mill where nursery rhyme Humpty Dumpty is said to have originated could be yours for £650,000Closing prices for crude oil, gold and other commoditiesALISON BOSHOFF: Robert Downey Jr's got his OscarUS envoy to UN visits Nagasaki AJANET STREETPrabowo Subianto wins 2024 Indonesian presidential electionUS vetoes UN resolution backing full UN membership for PalestineChasing 5th straight win, Nelly Korda is 2 shots back at Chevron Championship after a first