by Calculated Risk on 7/12/2022 09:01:00 PM
Wednesday:
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
o At 8:30 AM, The Consumer Price Index for June from the BLS. The consensus is for a 1.1% increase in CPI, and a 0.6% increase in core CPI. The consensus is for CPI to be up 8.8% year-over-year and core CPI to be up 5.8% YoY.
o At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
On COVID (focus on hospitalizations and deaths):
COVID MetricsNowWeekAgoGoalPercent fully Vaccinated67.0%—>=70.0%1Fully Vaccinated (millions)222.5—>=2321New Cases per Day3?118,026105,890<=5,0002Hospitalized3?31,03628,508<=3,0002Deaths per Day3306325<=5021 Minimum to achieve “herd immunity” (estimated between 70% and 85%).2my goals to stop daily posts,37-day average for Cases, Currently Hospitalized, and Deaths? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths
? Goal met.
? Goal met.
Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
Average daily deaths bottomed in July 2021 at 214 per day.
