This Week: Home sales, Fed meeting minutes, Best Buy results

The Associated Press

A look at some of the key business events and economic indicators upcoming this week:

IN A BUYING MOOD?

U.S. home sales have struggled to rebound after slumping in the second half of last year.

Mortgage rates have pulled back this year after the average 30-year rate peaked at just below 5% in November. Even so, the spring homebuying season has been running behind last year's healthy gains. Did the trend continue in April? The National Association of Realtors issues its latest home sales data Tuesday.

Existing home sales, in millions, seasonally adjusted annual rate:

Nov. 5.21

Dec. 5.00

Jan. 4.93

Feb. 5.48

March 5.21

April (est.) 5.33

Source: FactSet

A CLOSER LOOK

The Federal Reserve releases the minutes of its last two-day meeting of policymakers Wednesday.

At the meeting earlier this month, Fed officials left the central bank's key interest rate unchanged. They also signaled no rate hikes are likely in the coming months amid signs of renewed economic health and unusually low inflation.

PLUGGED IN

Wall Street expects that Best Buy's current fiscal year is off to a solid start.

Financial analysts predict the consumer electronics retailer will report on Thursday that its first quarter earnings and revenue increased from a year earlier. Best Buy has been successful in driving online sales and drawing more customers to its stores under CEO Hubert Joly, who is stepping down next month.