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El-Erian Says US Inflation May Well Reach 9% in Challenge to Fed

  • Allianz chief economic adviser sees ‘stagflation’ at hand
  • Risk of US recession tilted ‘negative’ though still avoidable
Mohamed El-Erian
Mohamed El-ErianPhotographer: Scott McIntyre/Bloomberg

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Allianz SE’s Mohamed El-Erian said the US inflation rate may increase further and recession risks are “tilted in a negative way right now.”