Inflation talks are far from over, according to the Organization for Economic Cooperation and Development. The organization anticipates the pickup in global inflation rates will be sharper and longer-lasting than previously anticipated, with a risk that the world grows accustomed to quick price increases. Federal Reserve Chair Jerome Powell signaled that as the central bank grows wary of high inflation, it could speed up its plan to withdraw financial support from the economy.

Omicron threatens to intensify supply shortages and inflation, OECD warns - Financial Times

As Omicron, Supply-Chain Problems Loom, Eurozone Inflation Hits Record - The Wall Street Journal

Time To Ready Yourself For Inflation - Forbes

@elerianm: Notable US yield curve flattening as the Fed Chair’s belated inflation U-turn coincides with Omicron growth concerns. Illustrates why it would have been so much better policy to correct the mischaraterization of inflation months ago. There certainly were certainly enough indicators

U.S. consumer confidence in November fell to a nine-month low as rising prices and coronavirus concerns fueled economic uncertainty. The confidence index dropped to a reading of 109.5, a 2.1 point drop from October and the lowest reading since the index reached 95.2 in February. The survey predicted consumers will continue to be less enthusiastic about buying a house and big-ticket items in the coming months.

U.S. Consumer Spending Powers Ahead Despite Inflation Pickup - Bloomberg

@jbartash: Americans are saying one thing but doing another. They say they worry about inflation and Covid, but they're spending and buying lots of stuff. That's why consumer confidence can fall to a 9-month low, as it did in November, but the economy keeps growing.

A labor group is accusing Amazon of reporting “misleading or grossly incomplete” data about the number of coronavirus infections spread at its U.S. facilities. Amazon had at least 20,000 employees test positive for COVID-19 last year, but said only 27 of those cases were contracted while the employees were at work, representing a “hidden pandemic,” according to a coalition of four unions.

Amazon to pay California $500,000 for 'concealing' COVID cases among workers - Los Angeles Times

Amazon touts record post-Thanksgiving sales amid lackluster Black Friday, Cyber Monday for retailers - CNBC

Amazon warehouse workers get to re-do their union vote in Alabama - NPR

For the first time dating back to when the Ronald Reagan Presidential Foundation and Institute began surveying Americans about national security, Americans listed China as the nation’s top national security threat and reported their trust in the U.S. military dropped to its lowest levels in three years. Just over 50% of Americans named China as the greatest threat to the U.S., a 21% increase from four years ago, while Russia received 14% of the votes.

GOP lawmakers fear China could hack U.S. government computing clouds - The Washington Post

MI6 boss warns of China 'debt traps and data traps' - BBC News

U.S. home prices rose significantly in September, signaling that the housing market is booming following last year’s coronavirus recession. Home prices rose 19.5% in September year over year, down from a 19.8% annual gain in August, according to the SandP CoreLogic Case-Shiller National Home Price Index. Phoenix reported the nation’s hottest market with a 33.1% price increase. Additionally, nearly 27% of U.S. consumers said they applied for a credit card in the past year.

Where the housing market is going in 2022 as told by 7 leading forecast models - Fortune

Mortgage refinance demand plunged 15% last week, but could now reverse - CNBC

@Jkylebass: One doesn’t need to be a highly-paid Fed Economist to realize that injecting 40% more broad money into the US monetary system results in a concomitant 40% surge in rents and asset prices. @federalreserve @usatoday #inflation #rent

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