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Friday: Personal Income and Outlays, Durable Goods, Pending Home Sales

by Calculated Risk on 2/24/2022 09:18:00 PM

Friday:
o At 8:30 AM ET, Personal Income and Outlays for January. The consensus is for a 0.3% decrease in personal income, and for a 1.5% increase in personal spending. And for the Core PCE price index to increase 0.5%.

o Also, at 8:30 AM, Durable Goods Orders for January from the Census Bureau. The consensus is for a 0.7% increase in durable goods orders.

o At 10:00 AM, Pending Home Sales Index for January. The consensus is for a 0.5% increase in the index.

o Also, at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for February). The consensus is for a reading of 61.7.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated64.8%—>=70.0%1Fully Vaccinated (millions)215.3—>=2321New Cases per Day375,208120,760<=5,0002Hospitalized353,98774,353<=3,0002Deaths per Day31,6742,062<=5021 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.

New cases, hospitalizations and deaths are now declining.

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