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. |
Kenya president postpones reopening of schools as floodChina publicizes for the first time what it claims is a 2016 agreement with PhilippinesFlowers, candles, silence as Serbia marks the 1st anniversary of mass shooting at a Belgrade schoolKylie Minogue reveals her unlikely friendship with Coldplay's Chris MartinCavaliers, Mavericks trying to close out 1stCavaliers, Mavericks trying to close out 1stWhat to expect in Indiana's presidential and state primariesPanama Supreme Court rejects challenge to candidacy of presidential frontrunner days before voteSudanese military leader's son dies of injuries following a motorcycle crash in TurkeyHalf hotel