Federal Reserve coverage makers fear that the Omicron variant may exacerbate corporations’ supply-chain and hiring issues, pushing up costs consequently. The precise final result could possibly be totally different.
The pandemic introduced on imbalances between provide and demand which were remarkably persistent. Covid-19 issues and containment efforts world wide slowed the manufacturing of obligatory elements, disrupted transport exercise and pushed folks out of the labor drive. On the identical time, they sparked a leap in demand for items that was intensified by a number of rounds of presidency aid.
