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Thursday, May 26, 2022

Friday: Personal Income & Outlays

by Calculated Risk on 5/26/2022 09:01:00 PM

• At 8:30 AM ET: Personal Income and Outlays, April 2021. The consensus is for a 0.6% increase in personal income, and for a 0.7% increase in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 6.3% YoY, and core PCE prices up 4.9% YoY.

• At 10:00 AM: University of Michigan's Consumer sentiment index (Final for May). The consensus is for a reading of 59.1.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated66.6%---≥70.0%1
Fully Vaccinated (millions)221.1---≥2321
New Cases per Day3🚩109,564101,091≤5,0002
Deaths per Day3🚩305278≤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.

COVID-19 Positive Tests per DayClick on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.

New cases have more than quadrupled from the recent low, and hospitalizations and deaths are increasing week-over-week.

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