Even with a record-high number of omicron cases, the jobs market has begun bouncing back, according to the Bureau of Labor Statistics' (BLS) January jobs report. This underscores a strong economy, with the U.S. ready to take the gold and move on to the next stage. It also puts the Fed on solid ground to act. We see six rate hikes in 2022 and five more between 2023 and the end of 2024.