FOMC statement, durable goods, pending home sales

in Estimated risk per 26.07.2022 21:02:00

Wednesday:
• Mortgage Bankers Association (MBA) to release results at 7:00 AM ET mortgage bid index.

• AT 8:30, Durable Goods Orders for June from the Census Bureau. The consensus is to reduce durable goods orders by 0.5%.

• At 10:00, Index of pending home sales for June. The consensus calls for a 3.7% decline in the index.

• AT 14:00, FOMC Meeting Announcement. The FOMC is expected to raise rates by 75 basis points, increasing the target range for the federal funds rate from 2-1/4 percent to 2-1/2 percent.

• At 14:30, Fed Chairman Jerome Powell holds a press briefing following the FOMC announcement.

For COVID (focus on hospitalizations and deaths):

The number of hospitalizations has almost quadrupled since the low in April 2022.

COVID metrics
Currently A week
Back
Target
new cases per day2 124 549 127 314 ≤5000one
hospitalized2🚩 36 312 34 737 ≤3000one
Deaths per day2 367 384 ≤50one
onemy goals are to stop daily fasting,
27-day mean for cases currently hospitalized and deaths
🚩 Increase in the number of cases, hospitalizations and deaths per week in an average of 7 days.

✅ Goal with.


COVID-19 Positive tests per dayClick on the graph to enlarge the image.

This graph shows the daily (bars) and 7-day average (line) of reported deaths.

The average daily death rate bottomed out in July 2021 at 214 people per day.