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. |
USA Basketball finalizing Paris Olympics roster, AP sources sayNadal loses to De Minaur in second round at Barcelona. Spaniard had returned from injury layoffMaui Fire Department report details how it was no match for unprecedented blazesMassive rockfall hits luxury development site in Cornwall earmarked for seven £1m new homesNursery worker accused of killing a nineOwner of ship in Baltimore bridge collapse asks cargo owners to help cover salvage costsMan up for parole more than 2 decades after Dartmouth College professor stabbing deathsNigel Farage teases 'very big decision' on returning to frontline politics 'in the next few weeks'What is cloud seeding? StepVictory for free speech in the face of Brussels bullies! Nigel Farage returns to right