Calculated Risk: Wednesday: Retail Sales, FOMC Minutes


by Calculated Risk on 8/16/2022 08:57:00 PM

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

• At 8:30 AM, Retail sales for July is scheduled to be released.  The consensus is for 0.1% increase in retail sales.

• At 2:00 PM, FOMC Minutes, Meeting of July 26-27, 2022

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows in April 2022.

COVID Metrics
  Now Week
New Cases per Day2 98,229 111,892 ≤5,0001
Hospitalized2 35,139 37,284 ≤3,0001
Deaths per Day2 415 422 ≤501
1my goals to stop daily posts,
27-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.

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


Image and article originally from Read the original article here.