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. |
Auto industry insiders highlight interdependence between China, EuropeBrent Burns, Dmitry Orlov help Hurricanes hold on to beat Islanders 3Roger Goodell envisions more overseas games, more streaming and more cities hosting the NFL draftPackers take Arizona offensive tackle Jordan Morgan with 25th overall pick in NFL draftColumbia University extends negotiations with student protestersService planned for former North Carolina Chief Judge John MartinIt's a viral‘The movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo reckoningPictured: PlantA's place second baseman Zack Gelof on injured list with left oblique strain