by Calculated Risk on 5/16/2022 09:05:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Slightly Lower
o At 8:30 AM ET, Retail sales for April is scheduled to be released. The consensus is for 0.8% increase in retail sales.
o At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for April. The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 78.5%.
o At 10:00 AM, The May NAHB homebuilder survey. The consensus is for a reading of 75 down from 77 last month. Any number above 50 indicates that more builders view sales conditions as good than poor.
o At 2:00 PM, Discussion, Fed Chair Jerome H. Powell, Conversation with Nick Timiraos, At the Wall Street Journal Future of Everything Festival, New York, New York
On COVID (focus on hospitalizations and deaths):
AgoGoalPercent fully Vaccinated66.4%—>=70.0%1Fully Vaccinated (millions)220.6—>=2321New Cases per Day3?90,33768,610<=5,0002Hospitalized3?14,52413,683<=3,0002Deaths per Day3263308<=5021 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.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.New cases have more than tripled from the recent low, and hospitalizations are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.