Mohamed A. El-Erian
President, Queens' College, Cambridge Uni. Allianz, Gramercy advisor. Wharton Professor. Lauder Senior Fellow. Former Pimco CEO/co-CiO. Chair Cambridge Union.
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One of the factors behind the repeated US monetary policy missteps on #inflation is the insularity trap that often hinders policy thinking during a period of economic transition โฆ...
From lower-than-expected jobless claims to higher-than-expected PPI, today's US data releases are in line with the last few weeks of numbers suggesting that the #economy remains ro...
Today's US macro monthly numbers include: Another month of declining consumption (0.2% in December after down 0.1% in November); and Core PCE inflation inline with consensus fo...
.@markets on #Japan's central bank intervening to bring the 10-year government bond yield back below its 0.5% #YCC ceiling Per my October @FT article ( https://t.co/u2LjeYAlDv ), w...
3 key messages from the just released UK GDP numbers With a 0.1% expansion, growth surprised on the upside (consensus forecast was -0.2%); Services continued to power growth (manuf...
The overall US #inflation numbers just came in line with the consensus forecast. The fall in #energy prices contributed to a further decline in headline inflation to 6.5% in Decemb...
Soft wage data and the decline in ISM services (see prior tweets) are having quite an impact on the bond market where Treasury yields are sharply lower across the curveโthis as mar...
Messages from the just-released #UK inflation numbers are similar to those from yesterdayโs US data: Inflation is moderating; and The November fall is better than consensus forecas...
US CPI data comes in better than expected. Headline #inflation (MoM) rose 0.1% and core 0.2%, compared to consensus forecasts of 0.3% for both. Annual inflation down to 7.1% and 6....
The latest US services numbers provide yet another data confirmation that the #inflation process is still well-embedded in the economic system. Its drivers have moved from an isol...
Ever closer to 150: Pronounced yen weakness results from the sustained implementation of YCC (yield curve control) in the context of higher global yields Most assume that the polic...
.@BankOfEngland is off the sidelines with direct intervention in the government bond market: It just announced "temporary" purchases of long-dated UK #bonds. This for a central ban...