Analyst tips a surge in Omicron will delay the first FOMC rate hike until May 2022

Pantheon says they are inclined to forecast a first rate hike from the Federal Reserve in March 2022, but ...

• If it weren’t for Omicron, we’d expect it in March, but experience elsewhere signals that the U.S. is about to see a massive, unprecedented surge in Covid cases
• We think this will delay the first hike until May

Earlier:

• BoA expect the Federal Reserve to hike in March 2022
• ForexLive Americas FX news wrap: Huge reversal in markets despite hawkish Fed