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Omicron uncertainty over Fed policy

Omicron uncertainty over Fed policy

Likely BoE interest rate hikes could be stalled due to Omicron

  • Gold prices were steady as investors tried to gauge what impact a weak U.S. jobs report would have on the Federal Reserve's monetary policy amid uncertainty sparked by the #Omicron coronavirus variant
  • A member of the Bank of England's Monetary Policy Committee has signalled rate hikes are likely based on current forecasts but data on Omicron could change things
  • The dollar ticked higher amid a broadly calmer tone in markets as fears over Omicron's impact eased, but currency moves were muted ahead of a key U.S. #payrolls report
  • #BTCUSD plummeted 1.3% in the last session
  • #XAUUSD rose 0.8%
  • #WTIUSD dove 1.6% in the last session

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