November 29 – December 3, 2021. Uncertainty is growing

2021-11-28

In the coming week, many speeches are planned by the heads of the Central Banks of developed countries, who will have to choose between inflation and economic support to overcome a new challenge – the spread of a new strain of omicron coronavirus. The spoken words can turn exchange rates in an unpredictable direction.
The new form of the coronavirus also adds a special acuteness to the speech in the US Congress by the Secretary of the Treasury and the head of the Federal Reserve. Jerome Powell and Janet Yellen will have to disclose to Senators next week their options for dealing with possible lockdowns and worsening economic performance.