- December 19, 2021
- Posted by: Stratford Team
- Category: Business
Table of Contents
What’s Up? (Dec. 12-18)
Central Banks Act on Inflation
The Federal Reserve signaled on Wednesday that it would take more serious measures to address rapidly rising inflation. The central bank said it would speed up its plans to ease pandemic support measures, by ending its bond-buying program in March. In a new set of economic projections, Fed officials said they expected to raise interest rates three times next year. The Fed is one of several central banks to announce they would tweak their monetary policy in response to high inflation this week: The European Central Bank announced on Thursday that it would also end its pandemic-era bond-buying program in March, and the Bank of England voted to raise its interest rate.
Omicron Leads to Added Precautions
As the United States passed 800,000 deaths from Covid-19, the Centers for Disease Control and Prevention warned on Tuesday that a significant surge in cases driven by the Omicron variant could arrive as…