followed suit by hiking interest rates for the first time since the start of the pandemic, citing a strong labor market and the need to return inflation towards its 2% target. November's reading came in at a 10-year high of 5.1% annually.struck a more dovish tone, further cutting its pandemic-era bond buying program but vowing to stay accommodative through 2022 and beyond.
However, with inflation running at more than double target in the U.S., euro zone and the U.K., concerns are lingering as to whether it can be brought under control. Meanwhile, the omicron variant is spreading at an alarming rate, with countries across Europe implementing containment measures in a bid to avoid a tsunami of cases. The U.K. reported nearly 90,000 cases in a single day on Thursday, but daily deaths remain relatively stable.Stateside, stock futures pointed to a lackluster open on Wall Street Friday, after the tech-heavy Nasdaq Composite fell 2.
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Fear and paranoia by design from government