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Mohamed A. El-Erian

@elerianm

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28m

Thanks

@lisaabramowicz1

... and this after #FederalReserve Chair Powell again pushed back against such early rate cuts. I do not recall in my career the persistence of such a large gap between repeated #Fed policy guidance and what the markets price in. Regardless of who ends up… Show more

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Lisa Abramowicz

@lisaabramowicz1

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4h

The market is saying the Fed just raised rates for the last time in this rate-hiking cycle, and the next move will be a cut, and could come as soon as September.

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