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. |
Audit report finds German green transition lags behind targetsPresident Lula has set Brazil on a new diplomatic courseChina's national political advisory body holds leadership meetingRetrial scheduled in former Ohio deputy’s murder caseForeign journalists visit exhibition on Chinese civilizationSecrets for the epic achievements in the new eraMan killed, 9 others injured in shooting during Arkansas block partyChina, Greece sign deal to boost tourism cooperationTrump Media stock slides again to bring it nearly 60% below peakNational cultural parks enshrining Chinese ethos