The Fed should consider cutting in July, says Allianz's Mohamed El-Erian
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- Mohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell' to discuss the Fed's next moves and the economy. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Not cutting is the right answer no need to cut we are fine
The world is full of risks. Why are your risks more important than mine? WolfStreet reported today that inflation in Canada just went up. Here at home, Walmart is raising food prices by as much as 8.6%. In the 1970s, inflation kept coming back. No rate cuts until inflation is dead, and I don’t mean getting to 3%.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
@@JessicaKeith-uj1jq Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
This from the guy who, last year, said the Fed had "lost all credibility" and had no idea what they were doing and that they are leading the economy into a very hard landing because of the rate hikes. He could not have been more against everything that Powell was doing, and could have been more wrong. This guy has zero credibility with me.
CNBC has zero credibility. I only come for the comments.
Because their only job is to deceive people
Remember when Ukraine was “winning”
It’s all lies after lies to keep the people checked giving them false hopes while they play their political economic games.
Lost respect for Mohammed - cut rates now and will have to raise 2 fold in 6 months - he’s knows better !
Take it from a guy running a local discretionary business (musical instruments retailer). The economy has slowed tremendously in just the past 3 months. Unless youre selling necessities or experiences, youre not selling at all. Its been an almost dead stop
wow. thats helpful
Look at Erlrian diet😊
Agree. Same for us. (Men's wear store). Small business are struggling.
the economy feels awful on the actual ground right now, very strange how it technically doesn't read that way yet. I guess this is why the Fed usually misses a soft landing, they just wait too long to be sure and the damage is already done.
And in 2021 he said there was a "price pop", not an inflationary process. Now he says we are never going back to 2%
All these people calling for rate cuts are calling it for selfish reasons. The high rates are punishing everybody who have been financially irresponsible.
His library behind him actually looks like he used those books ha. That being said, his calls have been ass backwards for many years
So if people are tapped out financially then why is this independents day looking up to break records for flight travel? This guy has had just as many bad calls as the Fed if not more.
The Fed is not bailing out your equity losses Mohamed.
Exactly. 🤣🤣
The fed is crushing the economy for no benefit
what do you know ? does he own JP Morgan ? tell me about it
Exactly x2
@@q9r8s7t6u5v4w3x2y1z0 I know he preached "equities" for over a year, and now he wants rate cuts. Read between the lines princess.
Cut to keep the stock market up - gotta love the pump. No reason to cut - they need to stop with this complaining. Rates are fine - Per Summers the neutral rate is too low rates should be higher. Do no cut.
These high interest rates are only good for the ultra wealthy! The lower & middle class are getting destroyed!
Higher higher, higher interest rate 🎉🎉🎉🎉
My man back on here, been following his commentary everywhere
We need a recession to bring prices down. So, disagree.
Cut for what? Save the dollar from the democraps spending.
They will spend regardless, clearly you are financially illiterate
We need deflation to get home prices, taxes, and insurance back to earth.
Deflation is poison for the economy. You need wage increases. This year wages are forecasted to increase stronger than inflation. That's a good outlook
You have no idea what you need so shut up
@@Felix-op1rwdeflation is poison for the government and the market not its citizens.
Well if the FOMC wants to tip the scale towards the incumbent party ahead of the elections, their last chance is July. I expect Powell has already resign himself to the fact that Trump will be POTUS and his best chance in that case for being reconfirmed is to not cut rates 2024.
mohamed has been consistent for months...
Only hikes for next 30 years
Brilliant man
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Who is this advisor you work with? I only started a few months ago, I'm aiming for the long term, and I'm still trying to understand it.
Yes, Sharon Ann Meny made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.
Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.
"Mohamed El-Erian" is an anagram for "Emailed Menorah". o/
Stock market up 15%, leave rates where they are
The real economy hit a wall months ago. It’s brutal out there
This guy seems to have bet his money on rates being cut by now or sth? Because why would the FED cut right now? The inflation is still not dead and the economy is doing fine right now with no massive unemployment. He was saying the economy would crash months ago and there would be riots on the streets, but nothing of that sort has happened. I don't think this guy knows anything more about the economy than I know about the economy.
Economy slower when stock market index all time high ..does it mean market is bluffing
I do like Mr El-Elian very much ….. he is so level headed!
HAHA, As a business owner there is no incentive to NOT raise the prices if real unemployment is not above 20%.
Real Unployment = people can still make money on the side lines, stock market, uber, etc SO they HAVE JOBS.
If your business matters you have pricing power.
Good Luck seeing this inflation coming down!
Holy moly, I agree with El-Erian.
We have had zero months in a row of "favorable" inflation and job data, so a rate cut is not on the table for July. The Fed has said, over and over again, they need several months of favorable data to think about maybe cutting rates. We are nowhere close to that.
Yeah this guys answer is to not be soo data dependent. What are they supposed to use, tarot cards? Its a joke. Stock market verses main street and inflation killing us all. Keep rates where they are.
Please don't cut
No preemptive move by the Fed, that would be dangerous especially if inflation is not coming down as fast as Mohammed thinks it is and will be in the next few months. Let's say inflation is going down more than expected and the Fed is a little late, the Fed could then give a bigger rate cut which the market will love. That is the reverse of what happened in 2022 when the Fed was late and rose interest rates as high as .75 three times, which really hurt the stock market, until the market started to turnaround in 10/22 which was the bottom.
Inflation was never caused by low rates! You are financially illiterate
The BTC price rise is soon to be supersonic
Raising inflation target over 2% is the right perspective given economy grows more than past routine pace.
2007 redux. We know what happens next. Fed waits too long and....
The Fed should let people take losses. It's a joke.
💯🎯Mohamed El-Erian!!!
Precisely the reason why YOU should be nominated as the next Chairman of the Federal Reserve.
🎉
A rate cut will just ignite higher inflation, the Fed can't cut.
It won’t ignite anything you know nothing about finance I see
Why is he still relevant?
more chatter from the peanut gallery...
Mohamed is passe.
Vote Biden-15.7 million new jobs-Love Mohamed
Fast food jobs
Ahhh yes, because inflation isn’t crushing enough.Mouth breather
Cuts coming !