The US GDP grew at a 6.9% pace to close out 2021. This was unexpected and strong especially in regards to the omicron spread. This was due to sizable boosts in inventory and consumer spending. This increase was well above the unrevised 2.3% growth in the third quarter and came despite the Covid omicron case outbreak which slowed down hiring and production. It propelled the US economy to its strongest full year since 1984. However, jobless claims remained elevated at 260,000 while orders for long lasting goods hit their lowest point since April 2020. The acceleration likely tailed off at the end of the year. Stock futures were posting gains while government bond yields were mixed. Fed officials believe they have achieved both ends of their employment and inflation mandate. They are ready to start raising rates and tighten monetary policy.
https://www.cnbc.com/2022/01/27/gdp-grew-at-a-6point9percent-pace-to-close-out-2021-stronger-than-expected-despite-omicron-spread.html
I think this boost is mainly due to the government stimulus packages and low interest rates. Currently the inflation rate is increasing and I think it will be best to raise interest rates to counter the increasing prices.
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