Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, Durable Goods Orders for June from the Census Bureau. The consensus is for a 0.5% decrease in durable goods orders.
• At 10:00 AM, Pending Home Sales Index for June. The consensus is for a 3.7% decrease in the index.
• At 2:00 PM, FOMC Meeting Announcement. The FOMC is expected to raise rates 75 bps, increasing the target range for the federal funds rate to 2‑1/4 to 2-1/2 percent.
• At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
On COVID (focus on hospitalizations and deaths):
Hospitalizations have almost quadrupled from the lows in April 2022.
Click on graph for larger image.
COVID Metrics | ||||
---|---|---|---|---|
Now | Week Ago |
Goal | ||
New Cases per Day2 | 124,549 | 127,314 | ≤5,0001 | |
Hospitalized2🚩 | 36,312 | 34,737 | ≤3,0001 | |
Deaths per Day2 | 367 | 384 | ≤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.