Mohamed El-Erian, the Chief Economic Advisor at Allianz, suggested that the latest inflation data could prompt the U.S. Federal Reserve to consider an earlier interest rate cut, potentially boosting bond and equity prices.
What Happened: El-Erian took social media platform X, to share the latest U.S. inflation figures, indicating a potential shift in the Fed’s interest rate policy.
“At 0.3%, the monthly increase in headline US CPI was better than the consensus forecast of 0.4%. The core measure was in line with the 0.3% forecast. These #inflation numbers and softer-than-expected retail sales data —unchanged for the headline measure and down 0.3% for the “control group”—are fueling hopes for an earlier interest rate cut by the #FederalReserve, thereby boosting bond and equity prices,” El-Erian’s post read.
Full story available on Benzinga.com
Mohamed El-Erian, the Chief Economic Advisor at Allianz, suggested that the latest inflation data could prompt the U.S. Federal Reserve to consider an earlier interest rate cut, potentially boosting bond and equity prices.
What Happened: El-Erian took social media platform X, to share the latest U.S. inflation figures, indicating a potential shift in the Fed’s interest rate policy.
“At 0.3%, the monthly increase in headline US CPI was better than the consensus forecast of 0.4%. The core measure was in line with the 0.3% forecast. These #inflation numbers and softer-than-expected retail sales data —unchanged for the headline measure and down 0.3% for the “control group”—are fueling hopes for an earlier interest rate cut by the #FederalReserve, thereby boosting bond and equity prices,” El-Erian’s post read.
Full story available on Benzinga.com
Mohamed El-Erian, the Chief Economic Advisor at Allianz, suggested that the latest inflation data could prompt the U.S. Federal Reserve to consider an earlier interest rate cut, potentially boosting bond and equity prices.
What Happened: El-Erian took social media platform X, to share the latest U.S. inflation figures, indicating a potential shift in the Fed’s interest rate policy.
“At 0.3%, the monthly increase in headline US CPI was better than the consensus forecast of 0.4%. The core measure was in line with the 0.3% forecast. These #inflation numbers and softer-than-expected retail sales data —unchanged for the headline measure and down 0.3% for the “control group”—are fueling hopes for an earlier interest rate cut by the #FederalReserve, thereby boosting bond and equity prices,” El-Erian’s post read.
At 0.3%, the monthly increase in headline US CPI was better than the consensus forecast of 0.4%. The core measure was in …Full story available on Benzinga.com Read MoreInflation, Jerome Powell, Kaustubh Bagalkote, Mohamed El-Erian, News, Global, Economics, Markets, News, Global, Economics, Markets, Benzinga Economics
