January 24, 2022

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Omicron concerns lead White House to study contingency funding – The Washington Post

1 min read

Stock markets have fluctuated wildly on confusion about whether omicron will prove as risky and deadly as the delta variant did several months ago. Many parts of the economy are already in flux, with consumer confidence trending weaker, inflation trending higher, but the labor market and growth snapping back into stronger positions. There have been signs in recent days that supply chain logjams are loosening, but a fresh round of covid concerns could close some factories and create new delays, driving up the costs of goods and worsening inflation.

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