Breaking Stories

Wednesday: Retail Sales, FOMC Announcement, Homebuilder Survey, NY Fed Mfg

by Calculated Risk on 12/14/2021 06:38:00 PM

Wednesday:
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:

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.

COVID-19 Positive Tests per DayClick on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of positive tests reported.

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