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.
Should you claim child benefit? What it's worth
China issues action plan on promoting digital commerce
Commentary: Investing in China is a superior option for multinationals
Serbia's new government to include US
French sports minister calls for sanctions after Monaco player tapes over anti
Caitlin Clark's $28million Nike deal is slammed as Sonny Vaccaro
US to require automatic emergency braking on new vehicles
Dodgers play an entire game without striking out once for the first time since 2006
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Caitlin Clark's $28million Nike deal is slammed as Sonny Vaccaro