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Thursday: Unemployment Claims, Fed Chair Powell Testimony, Bank Stress Tests


by Calculated Risk on 6/22/2022 08:13:00 PM

o 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.

o 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

o At 4:30 PM, The Fed will release the annual Bank Stress Tests results.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.8%—>=70.0%1Fully Vaccinated (millions)221.9—>=2321New Cases per Day399,365103,646<=5,0002Hospitalized3?24,47024,213<=3,0002Deaths per Day3248295<=5021 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.

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