Fed Chairman Powell made it very clear that high inflation needs to be addressed with faster taper—an announcement they are widely expected to make next week. There’s a very good chance Friday’s CPI report will reinforce their more aggressive intentions.
So far, Omicron has not had a significant impact on the economy but minimally, the travel industry will be affected. China is the country’s largest inbound tourist market and provides a $12 billion contribution to the economy.
Business News Governmental News Finance News
Need Your Help Today. Your $1 can change life.