US: impact of Omicron variant on high frequency data

Each variant of the coronavirus rekindles uncertainty levels and thus poses a threat to the cycle. In the case of Omicron, there is not enough hindsight to detect an impact on economic conditions that have firmed, overall, since last summer. At that time, the Delta variant was the party pooper. A more concrete risk is the surge in prices. If households see this as a shock to their purchasing power, they will be forced to reduce their consumption. For the moment, they say that th...