Tuesday: PPI, NY Fed Mfg - InvestingChannel

Tuesday: PPI, NY Fed Mfg

It appears there is another wave coming (Europe and China are seeing sharp increases). According to Andy Slavitt the new variant “BA2 spreads approx 30% faster than omicron”.  Hopefully it will not be severe.

Tuesday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of 7.2, up from 3.1.

• At 8:30 AM, The Producer Price Index for February from the BLS. The consensus is for a 0.9% increase in PPI, and a 0.6% increase in core PPI.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
  Now Week
Ago
Goal
Percent fully Vaccinated 65.3% ≥70.0%1
Fully Vaccinated (millions) 216.7 ≥2321
New Cases per Day3 34,113 41,216 ≤5,0002
Hospitalized3 21,471 31,949 ≤3,0002
Deaths per Day3 1,187 1,295 ≤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 deaths reported.

New cases, hospitalizations and deaths are now declining.

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