Economics
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
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
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.”