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Mohamed El-Erian on 2 factors that makes a US recession more likely

El-Erian is Allianz chief economic adviser. He wrote an op-ed in the Financial Times (gated). Business Insider highlight his main points from the FT piece: Two reasons why America's odds of avoiding a recession may be dwindling Yields on the 10-year US Treasury bond have jumped an "eye-popping" percentage point since the end of the June Resulting in higher rates for firms and houselholds, while mortgage rateshave hit a 23-year high 2. Resurgent inflation Inflation re-accelerated in August to 3.7...
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Posted: Oct 6 2023, 08:55
Author Name: forexlive
Views: 082731