U.S. Economy Saw Robust Growth in Late 2021

“Economic growth accelerated to a 6.9% annual rate in the fourth quarter. But it appears to have lost momentum because of Omicron and supply shortages,” the Wall Street Journal reports.

CNBC: “The report reflected an overall solid period for the economy after output had slowed considerably over the summer. Supply chain issues tied to the pandemic coupled with robust demand spurred by unprecedented stimulus from Congress and the Federal Reserve led to imbalances across the economic spectrum.”