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.
Chinese female carrier aircraft pilot trainees complete solo flights
China railway trips to reach 144M during May Day holiday
Disgraced Spanish Football Federation boss Rubiales returns to Spain
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Holiday trips ride high on cultural quests
20th CPC Central Committee to hold 3rd plenary session in July
Medicaid expansion discussions could fall apart in Republican
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Forensic psychiatrist reveals the different types of stalkers
Real Madrid can clinch Spanish league title as it seeks another Champions League crown