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Wednesday: CPI

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by Calculated Risk on 1/11/2022 07:11:00 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 8:30 AM, The Consumer Price Index for December from the BLS. The consensus is for 0.5% increase in CPI, and a 0.5% increase in core CPI.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Now
Week
Ago
Goal
Percent fully Vaccinated
62.6%

>=70.0%1
Fully Vaccinated (millions)
207.8

>=2321
New Cases per Day3?
750,996
509,446
<=5,0002
Hospitalized3?
119,115
86,401
<=3,0002
Deaths per Day3?
1,633
1,163
<=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 at record levels (1.4 million today!). It appears likely hospitalizations will exceed the previous 7-day average record of 124,031 a year ago.
Fortunately, deaths are still well below the previous 7-day average record of 3,421 in January 2021.

Update: The Inland Empire

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