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. |
Multiple places in C.China’s Henan suspend classes, transportation due to continuous snowfallWerder Bremen accuses Naby Keita of walking out on the team for Leverkusen gameChina offers winter comfort to people in needNew ChengduOver 1,900 criminal rings busted as China intensifies crackdown on gang crimesCity in E China's Anhui transforms abandoned mining site into thriving tent hotelTemperatures plunge to historic lows as severe cold fronts impact most of ChinaChina sees smooth road traffic on first day of holidayTraditional Chinese health regimens gain popularity among young peopleWest Ham's European hopes hit again with 2