Central bankers to weigh on impact of Omicron

Fed reserve bldgQuarterly Fed forecasts could show two or even three hikes in 2022.Fed officials will have another inflation figure in hand for their deliberations after the Labour Department issues its report on November prices paid to producers

NEW YORK: Two years since Covid-19 first emerged, global central banks are about to determine if their economies are strong enough to withstand the impact of its most elaborate mutation yet.

Officials at over a dozen monetary authorities, including the US Federal Reserve (Fed), will once again try to make a policy judgment about a medical phenomenon, being forced to take a view before scientists fully understand the implications of the Omicron variant.