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. |
Russell Wilson and Ciara 'close sale of Seattle mansion, raking in $31M for sixTakeaways from the AP's investigation into how US prisoners are hurt or killed on the jobScheffler, Spieth, McIlroy all going for different slices of history when they tee it up at PGAIs Charles' portrait a warning about the future of the monarchy?Row breaks out over sex education ban for underMoment British tourists wade into the sea and sprinkle lovedShaquille O'Neal, 7ft1in, towers over Sarah Jessica Parker, 5ft3in, as the pair pose up at the starOpen letter before European Parliament election: Prioritize democracy as authoritarianism growsMoment British tourists wade into the sea and sprinkle lovedCalifornia college professor to stand trial in death of pro