El-Erian as Sure Inflation Will Stick as Three Other Right Calls
- He puts it among the strongest calls of his bond-market career
- ‘The Fed should ease its foot slowly off the accelerator’
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What bond-market guru Mohammed El-Erian said Friday was enough to make bond investors listen like they’re in an old E.F. Hutton commercial.
“Inflation is not going to be transitory,” the chief economic adviser at Allianz SE said in an interview on Bloomberg TV’s The Open show. “I’ve been pretty certain in my mind about three prior calls. This is the fourth one.”