Personal Income & Outlays, Fed Chair Powell


by Calculated Risk on 8/25/2022 09:08:00 PM

• At 8:30 AM ET, Personal Income and Outlays, July 2022. The consensus is for a 0.6% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 6.4% YoY, and core PCE prices up 4.7% YoY.

• At 10:00 AM, Speech, Fed Chair Jerome Powell, Economic Outlook, At the Jackson Hole Economic Policy Symposium

• Also at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for August). The consensus is for a reading of 55.1.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
  Now Week
New Cases per Day2 90,675 97,183 ≤5,0001
Hospitalized2 32,903 35,314 ≤3,0001
Deaths per Day2 389 441 ≤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.