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. |
Israel Gaza: Netanyahu vows to press ahead with Rafah offensiveTrump to stand trial on 25 March in New York criminal hush money caseThe royals have historically been tightFa'anānā Efeso Collins: Warning over fake livestream links for funeralCyclone Gabrielle: Helicopter pilot recalls emotions, panic during rescue operationAuckland rail crossings to be removed ahead of City Rail Link openingUkraine support package worth $87b agreed by EU leadersCyclone Gabrielle: Helicopter pilot recalls emotions, panic during rescue operationScrapping clean car discount cost $138m in fuel savings – transport officialsWeather: Easter weekend chill calls for extra layers