St. Louis Federal Reserve President Alberto Musalem and Kansas City Federal Reserve President Jeffrey Schmid are due to participate in a discussion on the economy and monetary policy before the Northwest Arkansas Fireside Chat at 9:35 am ET.

The Commerce Department is scheduled to release its report on new home sales in the month of April at 10 am ET. Economists expect new home sales to tumble by 4.4 percent to an annual rate of 692,000 in April after spiking by 7.4 percent to a rate of 724,000 in March.

At 12 pm ET, Federal Reserve Board Governor Lisa Cook is due speak on “Financial Stability” at the Seventh Annual Women in Macro Conference.