El-Erian Predicts Fewer Rate Cuts from Fed This Year

Mohamed El-Erian, chief economic advisor at Allianz and president of Queens’ College, Cambridge University, made a surprising statement on CNBC’s “Squawk Box” about the Federal Reserve (Fed). He suggests that investors shouldn’t expect immediate rate cuts this year, given current global uncertainties like geopolitical developments. 🌎 El-Erian anticipates short-term relief due to trade agreements between the US and China, but warns of a bumpy road ahead in the long term.