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Wednesday: Retail Sales, FOMC Minutes


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

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, Retail sales for July is scheduled to be released. The consensus is for 0.1% increase in retail sales.

o 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 MetricsNowWeekAgoGoalNew Cases per Day298,229111,892<=5,0001Hospitalized235,13937,284<=3,0001Deaths per Day2415422<=5011my 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.

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