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Thursday: Fed Chair Powell Testimony, Unemployment Claims, ISM Services

by Calculated Risk on 3/02/2022 08:32:00 PM

Thursday:
o At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a decrease to 230 thousand from 232 thousand last week.

o At 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

o Also at 10:00 AM, the ISM Services Index for February.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated65.0%—>=70.0%1Fully Vaccinated (millions)215.8—>=2321New Cases per Day356,25381,212<=5,0002Hospitalized340,19056,955<=3,0002Deaths per Day31,6741,687<=5021 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, hospitalizations and deaths are declining.

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