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.
Celebrity tequila brands, like George Clooney
U.S. doubles down on vaccination efforts as Delta variant drives COVID
Heavy rains kill 253 in S. Africa
Chinese firms popular at Egypt's largest medical expo
How Robert F. Kennedy Jr. could make the first debate stage
Aswan Forum kicks off in Egypt with focus on multidimensional crises in Africa
Comicomment: Who is stirring up the South China Sea?
Kristin Cavallari, 37, ignores critics of her age
Lao PM says China taking concrete actions to deepen global anti
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
Centennial celebrations of Chapman's Peak Drive held in Cape Town