Reported 7 months ago
Mohamed El-Erian, Chief Economic Advisor of Allianz, cautions that the Federal Reserve's potential rate cut in December could be untimely as the effects of previous rate hikes would be more pronounced by then, impacting households and small businesses. He emphasizes the challenges the Fed faces in balancing risks in the current economic environment, with the timing of rate cuts exacerbating the strain on individuals due to high inflation post-pandemic.
Source: YAHOO