• 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 November will be released. The consensus is for a 1.4% increase in retail sales.
• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 25.0, down from 30.9.
• At 10:00 AM, The December NAHB homebuilder survey. The consensus is for a reading of 84, up from 83. Any number above 50 indicates that more builders view sales conditions as good than poor.
• At 2:00 PM, FOMC Meeting Announcement. The FOMC is expected to announce a faster taper pace for asset purchases.
• Also at 2:00 PM, FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants’ projections of the appropriate target federal funds rate along with the quarterly economic projections.
• At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
And on COVID:
| COVID Metrics | ||||
|---|---|---|---|---|
| Today | Week Ago |
Goal | ||
| Percent fully Vaccinated | 61.0% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 202.5 | — | ≥2321 | |
| New Cases per Day3🚩 | 117,890 | 106,923 | ≤5,0002 | |
| Hospitalized3🚩 | 57,191 | 52,394 | ≤3,0002 | |
| Deaths per Day3🚩 | 1,147 | 1,095 | ≤502 | |
| 1 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. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of positive tests reported.