by Calculated Risk on 3/22/2022 09:27:00 PM
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
o At 8:00 AM, Discussion, Fed Chair Powell, Panel on Emerging Challenges for Central Bank Governors in a Digital World, At the Bank for International Settlements (BIS) Innovation Summit 2022 (Virtual)
o At 10:00 AM, New Home Sales for February from the Census Bureau. The consensus is for 815 thousand SAAR, up from 801 thousand in January.
o During the day, The AIA’s Architecture Billings Index for February (a leading indicator for commercial real estate).
On COVID (focus on hospitalizations and deaths):
AgoGoalPercent fully Vaccinated65.4%—>=70.0%1Fully Vaccinated (millions)217.1—>=2321New Cases per Day328,65731,558<=5,0002Hospitalized318,20325,105<=3,0002Deaths per Day38611,167<=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.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.New cases, hospitalizations and deaths are now declining.