Federal Reserve coverage makers fear that the Omicron variant may exacerbate firms’ supply-chain and hiring issues, pushing up costs because of this. The precise end result might be completely different.
The pandemic introduced on imbalances between provide and demand which have been remarkably persistent. Covid-19 issues and containment efforts around the globe slowed the manufacturing of vital elements, disrupted delivery exercise and pushed folks out of the labor pressure. On the identical time, they sparked a leap in demand for items that was intensified by a number of rounds of presidency aid.
