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. |
Surging auto insurance rates squeeze drivers, fuel inflationRise of the PREAshley Judd, #MeToo founders react to ruling overturning Harvey Weinstein's convictionA ban in Kansas on genderKemi Badenoch says archFemale California teacher, 46, pleads no contest to raping 14 yearBook Review: Emily Henry is still the modernRevealed: The 10 surprising foods experts say you should keep in the fridgeRevealed: The 10 surprising foods experts say you should keep in the fridgeTrading Trump: Truth Social's first month of trading has sent investors on a ride