Thursday: Unemployment Claims, Fed Chair Powell Testimony, Bank Stress Tests
by Calculated Risk on 6/22/2022 08:13:00 PM
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 225 thousand down from 229 thousand last week.
• At 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the Committee on Financial Services, U.S. House of Representatives
• At 4:30 PM, The Fed will release the annual Bank Stress Tests results.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.8% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 221.9 | — | ≥2321 | |
| New Cases per Day3 | 99,365 | 103,646 | ≤5,0002 | |
| Hospitalized3🚩 | 24,470 | 24,213 | ≤3,0002 | |
| Deaths per Day3 | 248 | 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. |
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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.