With the United States economy growing and the number of new applications for unemployment benefits at a 52 years low, but with inflation rising to a 40 years high, markets are expecting the US Federal Reserve to confirm its new anti-inflationary focus during its Wednesday meeting.
Macro commentary by eToro analyst for Romania, Bogdan Maioreanu
And as more healthcare specialists say that the Omicron variant looks less deadly, all elements are pointing to the continuation of the hawkish stance shown by Jerome Powell, Fed Chair at the end of November. This might read as an acceleration of the tapering and a possible outlook of an upcoming hike in interest rates. In Europe, however, the situation is different.
For the first time in the last seven months, Romania showed a marginally decreasing inflation for November 2021, reaching 7.8% from 7.94% a month before. Still higher than the…
