El-Erian Sees Fed September Rate Increase Expectations Too Low

  • Traders are pricing in about a 20 percent probability
  • Central banks less effective due to low rates, El-Erian says

El-Erian: Central Bank Community Becoming Less Effective

Expectations for a Federal Reserve interest rate increase this month are too limited, according to Mohamed El-Erian, chief economic adviser at Allianz SE.

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