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The Fed won't slow its rate hikes because the economy is still strong enough to take more tightening, top economist Mohamed El-Erian says

1 month ago   |   By Business Insider

REUTERS/Fred Prouser
The Fed won't slow down its rate hikes as the economy is strong enough to tolerate more tightening, Mohamed El-Erian said.
"I think the Fed is going to welcome the latest print, but it's not going to slow down in any significant manner," the top economist told CNBC.
He expects the next Fed rate hike to be "somewhere between" 50 and 75 basis points.
Investors shouldn't be too uplifted by signs of cooling inflation: the Federal Reserve likely won't slow down their rate-hiking regime because the economy is still strong enough to take more monetary tightening, top...
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