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. |
Xi Sends Congratulatory Letter to Forum on Global Human Rights GovernanceGoing against laws of free trade market is like building a dam of sieves: Chinese FM spokespersonPeng Liyuan Calls for Joint Actions to Promote Women's Full DevelopmentA Small Feather Carrying Wish for World PeaceFourth Volume of 'Xi Jinping: The Governance of China' Published in More LanguagesDuring the 2023 National Day and MidChina's tourism booms during Qingming Festival holidaysU.S. urged to stop sending wrong signals to 'Taiwan independence' separatist forcesXi Sends Congratulatory Letter to First Forum on Building up China's Cultural StrengthChina unifies medicine catalog covered by medical insurance