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.
Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D
Judge rejects Trump free speech challenge to Georgia 2020 election case
VOX POPULI: Like Nobita in ‘Doraemon,’ we should never give up on ourselves
Education Ministry workers on tenterhooks awaiting job cuts news
Six killed in a 'foiled coup' in Congo, the army says
Woman charged over Auckland hit
Alarm over 'strange' illness that has killed four and sickened dozens more in Nigeria
Coronavirus China update: China's funeral homes overcrowded amid COVID
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
US China updates: Beijing sanctions Lockheed Martin, Raytheon for Taiwan sales
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
China's 'core socialist values' daubed on a London wall inspire war of words