Tuesday: CPI

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

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

• 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 Metrics
	Now	Week Ago	Goal
New Cases per Day2	60,185	83,434	≤5,0001
Hospitalized2	26,145	30,503	≤3,0001
Deaths per Day2	328	394	≤501
1my 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.