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Tuesday: CPI


by Calculated Risk on 9/12/2022 08:44:00 PM

From Matthew Graham at Mortgage News Daily: Rates Edge Up; Deep Dive on Mortgages vs 10yr Treasury and Fed Funds Rate

Mortgage rates moved slightly higher today, but only after moving slightly lower earlier this morning. [30 year fixed 5.98%]
emphasis added

o At 6:00 AM ET, NFIB Small Business Optimism Index for August.

o At 8:30 AM, The Consumer Price Index for August from the BLS. The consensus is for a 0.1% decrease in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 8.1% year-over-year and core CPI to be up 6.1% YoY.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeekAgoGoalNew Cases per Day260,18583,434<=5,0001Hospitalized226,14530,503<=3,0001Deaths per Day2328394<=5011my 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.

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