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.
Ship that caused Baltimore bridge collapse has been refloated
Xi inspects Changsha in central China's Hunan Province
China condemns attack on Iranian embassy in Syria
China will not allow Philippines to act willfully on South China Sea issue: Military spokesperson
Dame Judi Dench's tears as she receives Sycamore Gap tree seedling at Chelsea Flower Show
U.S. 'world leadership' in the red
Hockey business is booming as the NHL bounces back from the pandemic in a big way
Four dead in southwest China forest fires
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
Josie Gibson's dating history: From falling for her Big Brother co
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
UN chief calls for restraint after Iran's retaliatory attacks on Israel