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Economy is slowing much faster than the Fed expected: Mohamed El-Erian

Posted on AllSides June 5th, 2024
From The Right

Disappointing economic indicators are taking hold as markets ready for an expected rate cut this July, and one prominent economist and educator warned there’s more of a slowdown than previously forecasted. "So far, we've had disappointing retail sales. We've had disappointing PMI manufacturing numbers. The ISM numbers were disappointing. [Tuesday's] job vacancies were considerably below expectations," Mohamed El-Erian, president of Queens' College at Cambridge University, said on "The Claman Countdown." "Citi has this ‘index of surprises,’ and we've had nothing but negative surprises." "And all that is saying to us...

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