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El-Erian: Market's 'Outsized Reaction' to Inflation Data Came After Getting 'Carried Away'
News February 14, 2024 at 04:28 PM
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What You Need To Know
- Hotter-than-expected inflation data served as a "wake-up call" for markets overly optimistic about Federal Reserve interest rate cuts.
- Mohamed El-Erian predicts no more than three Fed cuts this year, with the cycle possibly starting in June, contrary to market expectations of earlier and more cuts.
- The adjustment of market expectations, or a Fed mistake, could threaten what El-Erian calls an exceptionally strong economy.
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