El-Erian Sees Two Fed Rate Cuts This Year Despite Strong Data
(Bloomberg) -- Mohamed El-Erian still expects Federal Reserve officials to cut interest rates twice this year, even as a blockbuster jobs report pushes traders to rethink the timing. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionBiggest Quake in 140 Years Rattles NYC, Disrupts Air TrafficZimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiGSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersGiving Up China Is Hard,
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