Nothing is definite in terms of how the Omicron variant of Covid-19 will have an effect on financial development, inflation and rates of interest. Nothing, maybe, besides the worth of the dollar.
On Thursday, U.S. officers mentioned they’d toughen testing for worldwide guests. A day earlier than, the Group for Financial Cooperation and Growth warned that Omicron might hold inflation operating greater for longer and pose a extreme threat to its forecast for 4.5% development subsequent 12 months. On the similar time, there are indications that Omicron might not be as lethal or vaccine-resistant as feared.
