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.
Border mayors heading to DC for Tuesday's immigration announcement
Scott Dixon wins record 4th Detroit Grand Prix, becoming 1st IndyCar driver to win 2 this season
FIFA unites World Cup winners and club executives as teammates to study for soccer diploma
Panthers going back to Stanley Cup Final, top Rangers 2
Condemnations mount over Israeli proposal to label UN aid agency a terrorist group
Tears hits big home run and Tennessee rolls into super regionals with 12
Katy Perry posts a heavily edited version of Harrison Butker's right
Betts and Freeman homer in the 1st to back another solid outing from Stone as Dodgers blank Rockies