The potential impact of the US Federal Reserve’s move on speeding up the taper of asset purchases may turn into a much bigger headwind for the stock markets than the Omicron Covid-19 strain, analysts at Morgan Stanley say.
Strategists at the US banking major are reportedly “not that concerned about omicron as a major risk factor for equities,” but are warning that the harsh words of US Federal Reserve Chair Jerome Powell about the possible accelerated tapering of asset purchases would build headwinds elsewhere.
Continue reading https://on.rt.com/bmj2