Chancellor Olaf Scholz issued a strong appeal for Germans to get vaccinated against Covid-19, saying failing to do so puts others at risk as his nation grapples with the fast-spreading omicron variant. Infection rates are falling in London, raising hopes the outbreak there is in retreat. And in the U.S., the potential for a new government recommendation on mask usage unleashed a scramblefor the N95 version, sending prices skyrocketing. Here’s thelatest on the pandemic.
The U.S. economy grewat a modest pace in the final weeks of 2021, but business expectations cooled in some places as omicron spread. While a government report Wednesday showed inflation jumped to 7% last year—a number that’s in line with Wall Street expectations—economists expect it todrop back to 3%over the course of 2022. When consumers start to see that decline is the big question. Here’syour markets wrap.