Tuesday: PPI, NY Fed Mfg

It appears there is another wave coming (Europe and China are seeing sharp increases). According to Andy Slavitt the new variant "BA2 spreads approx 30% faster than omicron".  Hopefully it will not be severe.

Tuesday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of 7.2, up from 3.1.

• At 8:30 AM, The Producer Price Index for February from the BLS. The consensus is for a 0.9% increase in PPI, and a 0.6% increase in core PPI.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Now	Week Ago	Goal
Percent fully Vaccinated	65.3%	---	≥70.0%1
Fully Vaccinated (millions)	216.7	---	≥2321
New Cases per Day3	34,113	41,216	≤5,0002
Hospitalized3	21,471	31,949	≤3,0002
Deaths per Day3	1,187	1,295	≤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.

New cases, hospitalizations and deaths are now declining.