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.
Christopher Reeve Super/Man documentary
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Union Pacific undermined regulators' efforts to assess safety, US agency says
USC and UCLA to play two men's basketball games apiece at Big Ten's easternmost schools
Union Pacific undermined regulators' efforts to assess safety, US agency says
Brewers starter Joe Ross leaves after first inning vs. Marlins with lower back strain
USC and UCLA to play two men's basketball games apiece at Big Ten's easternmost schools
Yvette Fielding says her Most Haunted co
West Virginia GOP County Commissioners removed from office after arrest for skipping meetings