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Tuff-Stuff

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Tuff-Stuff

Re: None

Tuesday, 10/11/2022 11:27:20 AM

Tuesday, October 11, 2022 11:27:20 AM

Post# of 648882
El-Erian says Economy Is Starting to 'Go Through the Windshield'

Central banks are “slamming the brakes” to control inflation
Considering inflation transitory was a mistake by the Fed

El-Erian a frequent Fed critic, said “This is the most front-loaded interest-rate cycle that we have seen in a very long time, and it didn’t need to be this.” The Fed, in September, raised its benchmark federal funds rate by three-quarters of a percentage point for the third time in a row.


Video at link

https://www.bloomberg.com/news/articles/2022-10-11/el-erian-says-economy-is-starting-to-go-through-the-windshield?srnd=markets-vp

Pray for A Pain Free Day!

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