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Trump Cheers Strong Jobs Data, Renews Attack On Fed's Powell: Rates 'Should Be Much Lower'
Friday, June 6, 2025 - 11:52am | 708The May employment report delivered a stronger-than-expected performance, fueling optimism across markets and a full-throated celebration from President Donald Trump—who simultaneously stepped up his public campaign to push Federal Reserve Chair Jerome Powell toward cutting interest rates. Nonfarm...
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Home Depot Accelerates Supply Chain Diversification, Shifts Sourcing Away From Single Countries: Management Sees 'Limited Impact' From Tariffs
Wednesday, May 21, 2025 - 4:10am | 896Home Depot Inc. (NYSE:HD) highlighted its supply chain diversification strategy during its earnings call, estimating “limited” tariff impact as senior economist Mohamed El Erian hailed its “China plus many” approach. What Happened: Despite reporting a mixed quarter, the Home...
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Retailers At Risk As Inventory Ratios Dip—Apollo Economist Warns Of Faster Stockouts Without Chinese Goods
Monday, May 12, 2025 - 4:55am | 760Economists have been predicting that retailers in the U.S. are likely to face pressure in the case of higher tariffs on China, as it is likely to “empty shelves” with a falling inventory-to-sales ratio. What Happened: According to Torsten Slok, the chief economist at Apollo Academy, the...
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Federal Reserve 'Will Be The Last To Cut' Rates, Says Expert Who Still Expects Four Cuts In 2025
Thursday, May 8, 2025 - 8:22am | 719Despite mounting pressure and calls for lower interest rates, the Federal Reserve held rates steady at 4.25%-4.5% on Wednesday. This analyst anticipates that the Fed would be among the last central banks to cut interest rates, while still expecting four cuts this year. What Happened: The Chairman...
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US Stocks Likely To Open Higher Ahead Of February's Inflation Print: Expert Says Odds Of A Full-Blown Bear Market Remain 'Quite Slim'
Wednesday, March 12, 2025 - 5:58am | 1488U.S. stock futures were up on Wednesday after a volatile session on Tuesday. Futures of all four benchmark indices advanced in premarket trading. Investors will keep an eye on pivotal February inflation data as stagflation worries have been weighing on Wall Street. Economists polled by...
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US Economic Slowdown 'Talk Of The Town,' Says Economist Mohamed El-Erian As Fed Chair Powell Reaffirms Growth At 'Solid Pace'
Monday, March 10, 2025 - 3:34am | 816Economist Mohamed El-Erian highlighted the risks of an economic slowdown as Federal Reserve Chairman Jerome Powell reiterated that the economy was growing at a “solid pace” during his Friday address at the University of Chicago. What Happened: During a podcast with Forward Guidance, the...
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El-Erian Warns Of Hidden Crisis In 'Exceptional' US Economy As Lower Income Households Face 'Considerable' Challenges
Monday, December 30, 2024 - 8:35pm | 671Influential economist Mohamed El-Erian recently pointed out the stark contrast between US “economic exceptionalism” and the struggles of lower-income households in what he calls a “K economy.” What Happened: On Monday, El-Erian posted a comment and shared a story from the...
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El Erian Explains Why US Economy Is 'Likely To Continue Outperforming Other Major Economies In 2025'
Wednesday, December 25, 2024 - 10:01pm | 739In the face of global and national political upheavals, the U.S. economy is projected to maintain its exceptional performance, surpassing other major economies in 2025, as per economist Mohamed El Erian. What Happened: El Erian attributes the strength of the U.S. economy to its significant foreign...
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Gold's Race To $3,000: Mohamed El-Erian Says US And Other Western Nations Can't Afford To Ignore It
Monday, October 21, 2024 - 9:11am | 589Gold prices are nearing the $3,000 per ounce mark, signaling a potential shift in global economic dynamics. Economist Mohamed El-Erian has emphasized the significance of this trend. What Happened: El-Erian urged the U.S. to take notice and pointed out that gold’s price has surged nearly 40%...
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Fed May Be 'Bullied' Into 50 BPS Cut In September, Says Mohamed El-Erian, As Global Markets Melt Down
Monday, August 5, 2024 - 4:59am | 540Stocks across the globe swooned on Monday, as the weakness seen late last week carried over, with some of the Asian markets already falling into correction territory. Economist Mohamed El Erian on Sunday weighed in on the implications of the market sell-off for the monetary policy. What Happened:...
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'Old School Summer Risk-Off:' VIX Up Over 50%, Nasdaq 100 Enters Correction, Chipmakers Officially In Bear Market; Small Caps Tumble
Friday, August 2, 2024 - 11:34am | 983Risk-off sentiment dominated the markets on Friday, leading to significant losses in equities while bonds and gold surged. as investors sought refuge in safe-haven assets amid escalating economic risks. The CBOE Volatility Index (VIX), also known as the market fear index, skyrocketed over 50% to...
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Mohamed El-Erian On Biden's Withdrawal From Presidential Race: 'There Is Genuine Uncertainty On How Markets Will - And Should- React To The News'
Monday, July 22, 2024 - 5:07am | 513Renowned economist Mohamed El-Erian has expressed his views on the potential impact of President Joe Biden‘s decision to exit the presidential race on US stock futures. What Happened: In a post on X on Monday, El-Erian stated that opinions are likely to vary on how the news will influence U.S...
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Mohamed El-Erian Says Another Indicator Consistent With His View That The Economy Is 'Slowing More Than Many Expect, Including The Federal Reserve'
Tuesday, June 4, 2024 - 11:39pm | 837Mohamed El-Erian, the chief economic advisor at Allianz, took to X, formerly Twitter, to highlight a significant economic indicator that points to a slowdown. He referred to the “monthly measure of job vacancies,” which dropped from 8.35 million to 8.05 million, the lowest in three...
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Hawkish Fed Risk Fades After Powell's Remarks: He 'Set The Bar Extremely High For Rate Hikes'
Wednesday, May 1, 2024 - 5:44pm | 730In its latest policy meeting on Wednesday, the Federal Reserve opted to maintain its benchmark interest rates at 5.25%-5.50%, aligning with market predictions but offering a cautious stance on the return the 2% inflation target, noting that there has recently been “a lack of further progress...
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Inflation Tops Forecasts In February - 'I Think Powell Will Be Upset': 7 Economists React
Tuesday, March 12, 2024 - 12:45pm | 952The U.S. inflation rose more than expected in February 2024, casting doubt on the likelihood of an interest rate cut by the end of the first half of the year. The Consumer Price Index (CPI) increased by 3.2% year-over-year, as revealed by the Bureau of Labor Statistics on Tuesday. The figure...