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.
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
Book on Xi's Discourses on Management of Water Resources Published
China's electricity use mirrors economic recovery
Xi Inspects SW China's Sichuan
It's no wonder parents are taking their children on holiday during term time! Sky
China cracks down on medical cosmetology violations
Xi holds talks with Surinamese president
Dramatic shift from Pacifism raises concern
Cruise worker 'murders newborn son on board ship': Shocked co
U.S. advisory regarding China travel 'makes no sense'
Culture festival showcases integration
China launches terrestrial ecosystem carbon monitoring satellite