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El-Erian Says Markets Price In Excessive Rate Hikes by September

The Allianz chief economic adviser considers expectations for three total rate increases excessive, despite recent dovish readings of Federal Reserve messaging.

Three brass steps rise beside a blank calendar grid / TokenPost.ai
Three brass steps rise beside a blank calendar grid / TokenPost.ai

Mohamed El-Erian, chief economic adviser at Allianz, said markets are pricing in three total interest rate increases by September, a level he considers excessive.

His view comes amid recent dovish interpretations of Federal Reserve messaging.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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