Thursday: Unemployment Claims, Fed Chair Powell Testimony, Bank Stress Tests

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 225 thousand down from 229 thousand last week.

• At 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the Committee on Financial Services, U.S. House of Representatives

• At 4:30 PM, The Fed will release the annual Bank Stress Tests results.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
 
Now
Week
Ago
Goal

Percent fully Vaccinated
66.8%
—
≥70.0%1

Fully Vaccinated (millions)
221.9
—
≥2321

New Cases per Day3

99,365
103,646
≤5,0002

Hospitalized3🚩
24,470
24,213
≤3,0002

Deaths per Day3

248
295
≤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.