Bloomberg, Released on 12/8/23

Allianz Chief Economic Adviser and Bloomberg Opinion columnist Mohamed El-Erian says the November US jobs report is good news for the economy and the market has to think very carefully about the amount of interest rate cuts it’s pricing in for next year. He’s on “Bloomberg The Open” with Rick Rieder, BlackRock CIO of global fixed income.

Part 1 (part 2 below)

Allianz Chief Economic Adviser and Bloomberg Opinion columnist Mohamed El-Erian says the Federal Reserve is really unlikely to start cutting interest rates in March as markets were expecting. He speaks on “Bloomberg The Open.”

Part 2

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, Fed, inflation, jobs