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Wednesday: Retail Sales, Industrial Production, Homebuilder Survey, FOMC Minutes

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by Calculated Risk on 2/15/2022 07:19:00 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 January is scheduled to be released. The consensus is for a 1.8% increase in retail sales. Retail sales ex-gasoline were down 2.0% in December.

o At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for January. The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 76.7%.

o At 10:00 AM, The February NAHB homebuilder survey. The consensus is for a reading of 82, down from 83. Any number above 50 indicates that more builders view sales conditions as good than poor.

o At 2:00 PM, FOMC Minutes, Meeting of Jan. 25-26

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated64.5%—>=70.0%1Fully Vaccinated (millions)214.1—>=2321New Cases per Day3146,921244,558<=5,0002Hospitalized380.185107,772<=3,0002Deaths per Day32,2082,422<=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 positive tests reported.

New cases, hospitalizations and deaths are now declining.

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