El-Erian Says Markets May Be Pricing Too Many Fed Rate Hikes
Allianz Chief Economic Adviser Mohamed El-Erian said investors are pricing in roughly two rate hikes and that he does not expect three.
Markets may be expecting the Federal Reserve to raise interest rates more aggressively than the economy can ultimately withstand, according to Allianz Chief Economic Adviser Mohamed El-Erian.During an interview with CNBC on Friday, El-Erian said investors are currently pricing in roughly two and a…