6th December 2021

  • Powell’s Fast-Taper Signal Presages Agile Fed on 2022 Rate Hikes

Fed seen on track to speed up bond taper as unemployment falls

With taper wrapping earlier, path clear for rates to be raised

https://blinks.bloomberg.com/news/stories/R3K53VDWX2PY

  • Credit Funds Signal More Pain as Record Cash Swamps Treasury ETF

Traders hedge against further downside risk in corporate bonds

Bonds, equities shudder as omicron collides with taper talk

https://blinks.bloomberg.com/news/stories/R3MDXJT0AFB5

  • Initial Hospital Data in Omicron Epicenter Shows Milder Disease

Most patients in Covid wards have not been oxygen dependent

This seems different from earlier waves where fewer vaccinated

https://blinks.bloomberg.com/news/stories/R3N0GQT0AFB4

  • Goldman Cuts U.S. GDP Forecast With Omicron a Drag on Growth

Forecast for 2021 reduced to 3.8% from 4.2%, 2022 cut to 2.9%

Omicron ‘modest downside’ on GDP; mixed effect on inflation

https://blinks.bloomberg.com/news/stories/R3L5Y4T0AFB8

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