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. |
NFL draft: Top defensive players on the boardUnited Airlines, Eli Lilly rise; JB Hunt, Travelers fall, Wednesday, 4/17/2024Capitals top prospect Ryan Leonard is returning to Boston CollegeMan arrested after authorities say he threw pipe bomb at Satanic TempleSouth Carolina Republicans reject 2018 Democratic governor nominee's bid to be judgeRegulators pleased Union Pacific is using fewer temporary shipping limitsNCAA fast tracks rule change to make multiBritain's contentious plan to send some migrants to Rwanda hits a hurdle in ParliamentFree Cone Day is back at Ben & Jerry'sStarling Marte's HR keys surging Mets to sweep of Pirates with 9