The year is set to end on a bright note for the upcoming US GDP report for the fourth quarter, based on several nowcasts. The outlook for early 2022 is shaky, thanks to the spreading Omicron variant of the coronavirus. But there’s a relatively high degree of confidence that the end of 2021 will at least provide a tailwind as the country moves into the third calendar year of the pandemic.
Daily Archives: December 28, 2021
Macro Briefing: 28 December 2021
* US health officials recommend shorter quarantine period for Covid
* Economists cut economic forecasts for early 2022 due to Omicron variant
* Bad weather blamed as a factor that’s lifted inflation
* China expected to add stimulus to stabilize economy in 2022
* UK and Germany consider fourth Covid shot (second booster)
* US stocks (S&P 500) close at record high on Monday
* Texas factory activity continues growing at solid pace in December
* Policy-sensitive 2-year Treasury yield rises to new pandemic high, 0.76%:
