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Mohamed El-Erian has expressed concerns about the Federal Reserve's interest rate policy, stating that the Fed should have cut rates in July. He highlights the ambiguity surrounding the Fed's future rate plans, with the market anticipating a reduction of 208 basis points over the next 12 months. El-Erian believes this expectation is too aggressive, especially considering the current inflation rate of about 3% against the Fed's 2% target. The market expects the Fed to cut its policy rate to between 3.25% and 3.5% during this period.
The market is too aggressive in expecting the Fed to cut its policy rate to 3.25% to 3.5% over the next 12 months, says @elerianm https://t.co/DJgkomVqT4 via @opinion
The market is too aggressive in expecting the Fed to cut its policy rate to 3.25% to 3.5% over the next 12 months, says @elerianm https://t.co/CECjeQi1BQ
The market's expectation of 208 basis points (2.08 percentage points) of rate cuts over the next 12 months seems quite aggressive given the current inflation rate of about 3% and the Federal Reserve's 2% target. https://t.co/0agqA7hmEO
