Friday:
• At 8:30 AM ET, Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.5%. PCE prices are expected to be up 6.0% YoY, and core PCE prices up 4.8% YoY.
Click on graph for larger image.
• At 8:30 AM ET, Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.5%. PCE prices are expected to be up 6.0% YoY, and core PCE prices up 4.8% YoY.
• At 9:45 AM, Chicago Purchasing Managers Index for September. The consensus is for a reading of 52.0, down from 52.2 in August.
• At 10:00 AM, University of Michigan’s Consumer sentiment index (Final for September). The consensus is for a reading of 59.5.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| New Cases per Day2 | 47,112 | 54,201 | ≤5,0001 | |
| Hospitalized2 | 23,401 | 25,449 | ≤3,0001 | |
| Deaths per Day2 | 343 | 368 | ≤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.
NOTE: Cases have declined by more than half, and deaths lag cases – so we might see average daily deaths in the 200s soon (better, but still too high).
Average daily deaths bottomed in July 2021 at 214 per day.