Friday:
• At 8:30 AM ET, Personal Income and Outlays, July 2022. The consensus is for a 0.6% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 6.4% YoY, and core PCE prices up 4.7% YoY.
Click on graph for larger image.
• At 8:30 AM ET, Personal Income and Outlays, July 2022. The consensus is for a 0.6% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 6.4% YoY, and core PCE prices up 4.7% YoY.
• At 10:00 AM, Speech, Fed Chair Jerome Powell, Economic Outlook, At the Jackson Hole Economic Policy Symposium
• Also at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for August). The consensus is for a reading of 55.1.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| New Cases per Day2 | 90,675 | 97,183 | ≤5,0001 | |
| Hospitalized2 | 32,903 | 35,314 | ≤3,0001 | |
| Deaths per Day2 | 389 | 441 | ≤501 | |
| 1my goals to stop daily posts, 27-day average for Cases, Currently Hospitalized, and Deaths 🚩 Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths ✅ Goal met. |
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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.