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.
Defending champion South Carolina to open season in Las Vegas against Michigan
Iran reiterates commitment to IAEA cooperation
Israeli troops withdrawn from Gaza to prepare Rafah operation: Defense minister
Mohammad Mokhber: Who is Iran’s acting president?
Chinese embassy urges US, UK and Australia to stop forming exclusionary blocs
China extends tariff exemptions on certain US goods until Nov. 30
US Fed keeps interest rates unchanged at 5.25
Ravens sign WR Qadir Ismail, the son of former NFL receiver Qadry Ismail
China, Vietnam hold 8th border defense friendship exchange
Judge orders man accused of opening fire outside Wrigley Field held without bail
UCLA cancels all classes after overnight violence on campus