El-Erian Says Hard to Resist Rate Hike If Jobs Report Is Strong

  • Employment objective met in a significant way, he says
  • He cites wage growth, participation in U.S. jobs market

El-Erian: No Surprises in Yellen's Speech

Mohamed El-Erian said Federal Reserve Chair Janet Yellen’s remarks Friday suggest the central bank is prepared to raise interest rates this year if data next week show robust jobs growth.

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