by Calculated Risk on 5/10/2022 09:00:00 PM
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, The Consumer Price Index for April from the BLS. The consensus is for 0.2% increase in CPI (up 8.1% YoY), and a 0.4% increase in core CPI (up 6.1% YoY).
On COVID (focus on hospitalizations and deaths):
|Percent fully Vaccinated||66.3%||—||≥70.0%1|
|Fully Vaccinated (millions)||220.2||—||≥2321|
|New Cases per Day3🚩||74,712||60,554||≤5,0002|
|Deaths per Day3||323||331||≤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.
Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
New cases have more than doubled from the recent low, and hospitalizations are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.