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. |
Industry sees OpenAI's Sora as a game changerZhangjiagang Port maintain operation all night to ensure that ships do not overwhelm the portCherry blossom in Yuyuantan Park, with the Central Television Tower as backgroundA family of forest rangers makes a differenceProcessing trade focus to give lift to exportersAntique beauty of architecture of the Ma Family Courtyard on Huimin streetXi Story: At No Time Should We Focus Only on GDP GrowthChinese bank unveils green bond in LondonHarvard president resigns amid new plagiarism allegationsCompanies in Jinhua established photovoltaic power stations to aid carbon reduction