Surveillance: El-Erian's Fed Outlook
Bloomberg Surveillance
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The Right Inflation Target for the World We're Living In
All three are going to hike by 25 basis points, but that's where the commonality will end. I think the Fed will come across as Dovish. The Bank of England will still be quite hawkish and the ECB will be in the middle. We have all been pushed into this very short term framing,. It's almost absurd that we talk about data dependency with policies that act with a long and variable lag.
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