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. |
An Overview of Xi's Diplomacy in Spring 2023Mangrove forest in Jiangjing Township of Fuqing, SE China's FujianAn Overview of Xi's Diplomacy in Spring 2023China sees over 73 mln domestic tourist visits during MidView of Bayi Village in China's ChongqingWater projects to help bolster economyChina, Central Asia Ready for Milestone Summit to Build Closer TiesView of tea garden in China's HubeiMangrove forest in Jiangjing Township of Fuqing, SE China's FujianPeople enjoy water activities to beat summer heat