Bloomberg, Released on 2/2/24

“For the markets, look, this means March is off the table,” says Bloomberg Opinion columnist Mohamed El-Erian as he examines the US January jobs report and explains why “it’s a bit of a headache” for the Federal Reserve.

Mohamed El-Erian is the President of Queens College, Cambridge and the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His latest book is Permacrisis: A Plan to Fix a Fractured World.

  economy, federal reserve, inflation, interest rates, jobs, rate cuts