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. |
Free child care from higher taxes? These cities subsidize daycareIndia recalls Rishabh Pant for T20 World Cup after nearMom shopping in Target stunned by small print on Clorox wipesAP Sports Week in PicturesWalmart shutting down its 51 health care clinics, virtual care serviceFacebook and Instagram face European Union scrutiny over possible breaches of digital rulebookNottingham stabbing victim Grace O'MalleyUS challenges 'bogus' patents on Ozempic and other drugs in effort to spur competitionIran commutes a tycoon's death sentence to 20 years in prisonHaiti prime minister: transitional council names new leader