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Thursday: Unemployment Claims, Fed Chair Powell


• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for an increase to 240 thousand from 232 thousand last week.

• At 9:10 AM, Discussion, Fed Chair Powell, At the Cato Institute’s 40th Annual Monetary Conference

On COVID (focus on hospitalizations and deaths):

COVID Metrics  NowWeek
AgoGoal New Cases per Day274,80388,644≤5,0001 Hospitalized229,49131,842≤3,0001 Deaths per Day2336414≤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.

Fed’s Beige Book: “Residential real estate conditions weakened noticeably as home sales fell in all twelve Districts”

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