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Monetary Tightening & the End of the Risk-on Trade | Mohamed El-Erian
Hidden Forces
Is the Fed Losing Control of the Inflation Narrative?
Many of the sources of inflation this time around are supply driven and in some ways out of the feds control. Agasthat that actually raises two questions. Does that almost guarantee that the fed has to hike us into a recession? And giveen your observations about liquidity, what does that mean for acet prices? What guarantees do we have that the fed would even be able to do anything about inflation?
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