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Wednesday: New Home Sales, FOMC Statement

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the close up of the five rows coins ,and the coins jar that fell, with the back ground is a dark blue graph.

by Calculated Risk on 1/25/2022 08:59:00 PM

Wednesday:
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

o At 10:00 AM, New Home Sales for December from the Census Bureau. The consensus is for 760 thousand SAAR, up from 744 thousand in November.

o At 2:00 PM, FOMC Meeting Statement. The FOMC is expected to announce the final asset purchases.

o At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Now
Week
Ago
Goal
Percent fully Vaccinated
63.5%

>=70.0%1
Fully Vaccinated (millions)
210.7

>=2321
New Cases per Day3
692,359
737,733
<=5,0002
Hospitalized3
142,814
143,339
<=3,0002
Deaths per Day3?
2,166
1,791
<=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 positive tests reported.

New cases are now declining.
Unfortunately, deaths are still rising – now averaging over 2 thousand deaths per day – but well below the previous 7-day average record of 3,421 in January 2021.

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