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.
NBA playoffs: Edwards leads Wolves to 98
On the eve of his visit to China, Putin says Russia is prepared to negotiate over Ukraine
PSG says Mbappé won't play against Nice in French league because of hamstring pain
I was 'brokefished' by my friend for £400
Stock market today: Wall Street rises toward records after inflation finally slows
From acting to the squared circle, Emmy winner Hauser is ready to rumble for Major League Wrestling
Tourism boosts China's social, economic development
Kate Hudson hits the stage to debut songs from her new album Glorious at star
Marston Hefner brands Crystal Hefner a 'master manipulator' in damning attack on his father's widow