Calculated Risk: Friday: CPI

by Calculated Risk on 6/09/2022 09:11:00 PM

• At 8:30 AM ET, The Consumer Price Index for May from the BLS. The consensus is for 0.7% increase in CPI, and a 0.5% increase in core CPI.

• At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for June).

On COVID (focus on hospitalizations and deaths):

COVID Metrics
  Now Week
Percent fully Vaccinated 66.7% ≥70.0%1
Fully Vaccinated (millions) 221.6 ≥2321
New Cases per Day3🚩 109,032 100,915 ≤5,0002
Hospitalized3🚩 23,341 21,693 ≤3,0002
Deaths per Day3🚩 306 258 ≤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.

New cases have quadrupled from the recent low.  Hospitalizations and deaths are now increasing.

Average daily deaths bottomed in July 2021 at 214 per day.