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.
Judge blocks Biden administration from enforcing new gun sales background check rule in Texas
China to hand over completed new parliament building to Zimbabwe
G7 seeks cooperation on evacuation, refugees amid chaos in Kabul
Comicomment: U.S. 'spying' China
Should you claim child benefit? What it's worth
China to relax foreign investment rules amid further opening up
Multinational enterprises confident of China's economic growth target
China developing two models of reusable rockets
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
Central Rural Work Conference Is Held, Xi Delivers Important Instructions on Rural Work