Dow set to sink 400 points on worries about Omicron – Stock market news today: Dow and S&P 500 …

The Federal Reserve uses “transitory” to describe the Covid-era jump in prices, which the central bank believes to be temporary. “Generally speaking the higher prices we’re seeing can be traced back to the pandemic,” Powell said. Powell also noted the economy took a body blow in the summer as the Delta variant spread across the […]