El-Erian Says Traders' Odds of Fed Hike Too Low

Mohamed El-Erian, Allianz's chief economic adviser and a Bloomberg View columnist, said the global economy has depressed market expectations for a Federal Reserve interest rate hike in September. He addressed the apparent mispricing following the release of the July U.S. employment report on "Bloomberg ‹GO›." (El-Erian is a Bloomberg View columnist. The opinions expressed are his own.) (Video extended after initial publish.) (Source: Bloomberg)

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