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Thursday: Retail Sales, Unemployment Claims, Industrial Production, Philly Fed Mfg, NY Fed Mfg

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Thursday:
• At 8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for an increase to 225 thousand from 222 thousand last week.

• Also, at 8:30 AM ET: Retail sales for August will be released.  The consensus is for a 0.2% increase in retail sales.

• Also, at 8:30 AM: the Philly Fed manufacturing survey for September. The consensus is for a reading of 3.5, down from 6.2.

• Also, at 8:30 AM ET: The New York Fed Empire State manufacturing survey for September. The consensus is for a reading of -13.9, up from -31.3.

• At 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for August. The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 80.3%.

On COVID (focus on hospitalizations and deaths):

COVID Metrics  NowWeek
AgoGoal New Cases per Day260,55875,629≤5,0001 Hospitalized228,23829,848≤3,0001 Deaths per Day2350352≤501 1my goals to stop daily posts,
27-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 deaths bottomed in July 2021 at 214 per day.

30-Year Mortgage Rates at 6.30%; 14 Year High

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