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El-Erian Warns Fed After Jobs Data: 'Inflation Is Not Dead'
News October 04, 2024 at 04:27 PM
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What You Need To Know
- El-Erian's comments came after Friday's job data blew away estimates, triggering a jump in U.S. stocks and bond yields.
- Fed official Austan Goolsbee had a different take after the data.
- He said the jobs readout supported a case for lower rates in the months ahead.
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