4 ways Omicron is screwing up the economy this month
The data also shows month-over-month inflation cooling further. Prices rose 0.5% last month, decelerating from November's 0.8% pace and marking the smallest one-month gain since September.
Much of the improvement will come from the solving of the global supply-chain mess. Bottlenecks are"easing in all the right places" as global suppliers ramp up production, JPMorgan economists Joshua Lupton and Bruce Kasman said in a Tuesday note.Businesses have empty shelves and not enough workers As Omicron peaks, service may be slower at understaffed stores this month. Or, if companies have resumed pre-pandemic practices, employees at your local restaurant or grocery store might be working with COVID.
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