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Wednesday: FOMC Statement, Retail Sales, Homebuilder Survey

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by Calculated Risk on 3/15/2022 08:52:00 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 February is scheduled to be released. The consensus is for a 0.4% increase in retail sales.

o At 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 81, down from 82. 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 raise the Fed Funds rate by 25bps at this meeting.

o 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.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated65.3%—>=70.0%1Fully Vaccinated (millions)216.8—>=2321New Cases per Day332,45839,184<=5,0002Hospitalized321,26030,474<=3,0002Deaths per Day31,1861,211<=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.New cases, hospitalizations and deaths are still declining.

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