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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.@markets on inflation Illustrates the Fedβs policy TRIlemma: delivering low inflation,minimizing damage to growth,and avoiding unsettling financial instability. Not easy for a Fe...
The official summaries of the reactions of the US and UK authorities. The commonality is that #SVB depositors will be made whole, with immediate access to their funds. The differen...
As we wait for measures relating to the UK SVB entity: The US measures place the UK authorities,and the @BankOfEngland in particular,in a tough spot given the sensitivity about mor...
.@markets on US job #vacancies which, at 10.8 million, were higher than the consensus forecast. Comes on the second day of #Fed Chair Powell's Congressional testimony in which he t...
As many of you know, I have felt for a few months now that the 2 year yield was the best indicator of what broader financial markets would do and why. Todayβs comments by #Federal...
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 β¦...
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 curveβthis as mar...