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.
David Ortiz is humbled by being honored in New York again; this time for post
Bryson DeChambeau puts on a show but somehow comes up short at PGA Championship
Cardinals rookie Marvin Harrison Jr. sued by apparel manufacturer Fanatics for breach of contract
Bukayo Saka misses Arsenal's season
Man United finishes outside the European spots despite winning last game in Premier League
Hilarious moment mother asks her Cocker Spaniel to help choose her lottery numbers
Tens of thousands protest against Mexico's president in the main square of Mexico City
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
Closing prices for crude oil, gold and other commodities