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.
Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make
HKFP Lens: Hong Kong through the eyes of photojournalist Wong Kan
It's discreet, stylish and very, very British
Biden says Brown v. Board of Education ruling was about more than education
Dozens of jobs set to be axed at Treasury
Kate will 'lean on' her trusted nanny Maria Borrallo as she recovers from abdominal surgery
WorkSafe interim chief executive Steve Haszard resigns months into job
Colton Herta shows speed as Honda fights back in penultimate Indy 500 practice session