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.
Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024
Who are the key players in Trump's hush money trial?
Rumer Willis celebrates daughter Louetta's first birthday with heart
Rays opening day starter Zach Eflin placed on 15
Lee's single in eighth ends no
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Top Democrat in U.S. House urges passage of Ukraine aid bill by end of next week
Climber found dead on Denali, North America's tallest peak
Stephenson hits 1st career grand slam, Fairchild drives in 2 as the Reds beat the Angels 7
It's no wonder parents are taking their children on holiday during term time! Sky
Joey Meneses hits an RBI single in the 10th inning to lead Nationals past Astros 5