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  NowWeek
AgoGoal Percent fully Vaccinated66.8%—≥70.0%1 Fully Vaccinated (millions)221.9—≥2321 New Cases per Day399,365103,646≤5,0002 Hospitalized3🚩24,47024,213≤3,0002 Deaths per Day3248295≤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.

Average daily

Keep reading this article on Bill McBride - Calculedriskblog.

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