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. |
Lottery, gambling bill heads to Alabama legislative conference committee for negotiationsREVEALED: Bartender, 33, 'who lured 19Idaho's ban on youth genderThe 15 revolutionary tiny tweaks that can turbocharge your healthVenezuela closes embassy in Ecuador to protest raid on Mexican embassy thereFury as police barricade entrance to rightFed's Powell: Elevated inflation will likely delay rate cuts this yearDr. Martens stock plunges after dour US revenue outlookNHL says it set a singleCyberattack costs hit UnitedHealth in 1Q that still turns out better than expected