by Calculated Risk on 6/22/2022 08:13:00 PM
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 225 thousand down from 229 thousand last week.
• At 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the Committee on Financial Services, U.S. House of Representatives
• At 4:30 PM, The Fed will release the annual Bank Stress Tests results.
On COVID (focus on hospitalizations and deaths):
|Percent fully Vaccinated||66.8%||—||≥70.0%1|
|Fully Vaccinated (millions)||221.9||—||≥2321|
|New Cases per Day3||99,365||103,646||≤5,0002|
|Deaths per Day3||248||295||≤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.
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.