El-Erian says US policy threatens Fed rate cuts

El-Erian says US policy threatens Fed rate cuts

Charlie

The chances of a Federal Reserve interest rate cut in September are dimmed by The threat of an inflationary policy shock after the US elections, according to Mohamed El-Erian. “There are two factors that make a September rate cut difficult for this Fed,” El-Erian, president of Queens’ College, Cambridge, told Bloomberg Television on Friday. “One …