38 countries have confirmed at least one Omicron case as of yesterday, according to the World Health Organization (WHO). To make matters more interesting, Fed Chairman Jerome Powell declared inflation “not transitory”, (not temporary).
The map below shows countries where at least one confirmed Omicron case has been identified.
Omicron🦠 It’s safe to say U.S. markets have been volatile, with the S&P 500 index moving more than 1% nearly every day this week, fluctuating up & down on speculation about what Omicron will mean for the world. The biggest two cryptocurrencies by market value, Bitcoin & Ethereum, dropped more than 10% early morning yesterday, reaching lows near $43,000 & $3,500, respectively.
Inflation💲 As for inflation, Powell said “it’s probably a good time to retire that word”, following heavy criticism from experts. Policymakers are now preparing to raise interest rates much earlier than they’d anticipated.