Personal Income & Outlays, Chicago PMI

by Calculated Risk on 9/29/2022 09:02:00 PM

• At 8:30 AM ET, Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.5%.  PCE prices are expected to be up 6.0% YoY, and core PCE prices up 4.8% YoY.

• At 9:45 AM, Chicago Purchasing Managers Index for September. The consensus is for a reading of 52.0, down from 52.2 in August.

• At 10:00 AM, University of Michigan’s Consumer sentiment index (Final for September). The consensus is for a reading of 59.5.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
  Now Week
New Cases per Day2 47,112 54,201 ≤5,0001
Hospitalized2 23,401 25,449 ≤3,0001
Deaths per Day2 343 368 ≤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.

NOTE: Cases have declined by more than half, and deaths lag cases – so we might see average daily deaths in the 200s soon (better, but still too high).

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

Image and article originally from Read the original article here.