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. |
Kenya president postpones reopening of schools as floodMick Jagger wades into politics, taking verbal jab at Louisiana state governor at performanceMissouri abortionClemson allThe UK government acted unlawfully in approving a climate plan, a High Court judge has ruledInside Vicky Pattison and Ercan Ramadan's 'Sten': 'Mrs PattiFrench cyberwarriors ready to test their defense against hackers and malware during the OlympicsGerman foreign minister says Russia will face consequences for monthslong cyber espionageNippon Steel delays closing of acquisition of US Steel until late this year after US DOJ requestHakeem Jeffries isn't speaker, but might be the most powerful person in Congress