Calculated Risk: Wednesday: Durable Goods, FOMC Minutes

by Calculated Risk on 5/24/2022 09:01:00 PM Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.6% increase in durable goods orders. • At 2:00 PM,


by Calculated Risk on 5/24/2022 09:01:00 PM

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.6% increase in durable goods orders.

• At 2:00 PM, FOMC Minutes, Minutes Meeting of May 3-4, 2022

On COVID (focus on hospitalizations and deaths):

COVID Metrics
  Now Week
Ago
Goal
Percent fully Vaccinated 66.6% ≥70.0%1
Fully Vaccinated (millions) 221.0 ≥2321
New Cases per Day3🚩 104,480 95,207 ≤5,0002
Hospitalized3🚩 19,218 16,424 ≤3,0002
Deaths per Day3 279 284 ≤502
1 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.


Click on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.

New cases have more almost quadrupled from the recent low, and hospitalizations are increasing week-over-week.

Average daily deaths bottomed in July 2021 at 214 per day.



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