by Calculated Risk on 12/14/2021 06:38:00 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 November will be released. The consensus is for a 1.4% increase in retail sales.
o 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.
o 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.
o At 2:00 PM, FOMC Meeting Announcement. The FOMC is expected to announce a faster taper pace for asset purchases.
o 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.
o At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
And on COVID:
|Percent fully Vaccinated||61.0%||—||>=70.0%1|
|Fully Vaccinated (millions)||202.5||—||>=2321|
|New Cases per Day3?||117,890||106,923||<=5,0002|
|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.
This graph shows the daily (columns) and 7-day average (line) of positive tests reported.