The Fed’s inflation view could drag the economy into recession, El-Erian warns

CNBC2021-06-28

KEY POINTS Fed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday. “Every day I see evidence of inflation not being transitory, and I have ...

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Comments

Venus168
2021-06-29
Venus168
u better watch out, u better watch out 'inflation' is coming to town....
robot1234
2021-06-29
robot1234
As of the end of FY 2020, the US debt was $26.9 trillion. Trump added $6.7 trillion to the debt since Obama's last budget, a 33.1% . Now PresidentJoe Biden had released his 6 trillion annual budget . Expect inflation, inflation and more inflation with such massive Quantitative Easing
- PearlynCSY:
  totally agree with you
- PearlynCSY:
  Americans addicted to printing money. In the long term, there's no free lunch
CGE
2021-06-29
CGE
Like and comment
CGE
2021-06-29
CGE
Like and comnent
ty91
2021-06-29
ty91
Like please
BlueHi5
2021-06-29
BlueHi5
Oh no

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However, real GDP is just a shade below where it was when the downturn started and is likely to pass that level when the second quarter data comes in.\nInflation, though, has thwarted recoveries in the past, and recent data tell conflicting stories about the current pace.\nThe Fed’s favorite gauge, the personal consumption expenditures price index excluding the volatile food and energy sectors, in May rose 3.4% from a year ago, the highest level since 1992 an well above the central bank’s 2% target.\nThat came after a 5% increase in the consumer price indexand a6.6% burst in the producer price index, both well higher than anything the U.S. has seen since at least before the financial crisis.\nBut much of the price pressures have come in areas particularly germane to the economic recovery – used car prices, air fares, hotel prices and the like.\nWhile Fed officials see those factors abating in the coming months, El-Erian said he’s not so sure, even if the financial markets don’t seem to care.\n“If you were actually to look at the numbers on inflation, you would start having serious doubts in your mind as to how transitory inflation is,” El-Erian said. “But as long as the Fed believes it’s transitory, that is what matters for markets.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":150420782,"gmtCreate":1624925074546,"gmtModify":1703847937826,"author":{"id":"4087185180550510","authorId":"4087185180550510","name":"Venus168","avatar":"https://community-static.tradeup.com/news/4896107829fe32fd3a83e066df1681a0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"u better watch out, u better watch out&nbsp; 'inflation' is coming to town....","listText":"u better watch out, u better watch out&nbsp; 'inflation' is coming to town....","text":"u better watch out, u better watch out 'inflation' is coming to town....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150420782","repostId":1129950691,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150526046,"gmtCreate":1624922364185,"gmtModify":1703847803958,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1},"htmlText":"As of the end of FY 2020, the US debt was $26.9 trillion. Trump added $6.7 trillion to the debt since Obama's last budget, a 33.1%&nbsp;.&nbsp; Now PresidentJoe Biden had released his 6 trillion&nbsp;annual budget . Expect inflation, inflation and more inflation with such massive Quantitative Easing","listText":"As of the end of FY 2020, the US debt was $26.9 trillion. Trump added $6.7 trillion to the debt since Obama's last budget, a 33.1%&nbsp;.&nbsp; Now PresidentJoe Biden had released his 6 trillion&nbsp;annual budget . Expect inflation, inflation and more inflation with such massive Quantitative Easing","text":"As of the end of FY 2020, the US debt was $26.9 trillion. Trump added $6.7 trillion to the debt since Obama's last budget, a 33.1% . Now PresidentJoe Biden had released his 6 trillion annual budget . Expect inflation, inflation and more inflation with such massive Quantitative Easing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/150526046","repostId":1129950691,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6092790,"gmtCreate":1633388455828,"gmtModify":1663234893033,"authorId":4092458811577680,"author":{"id":4092458811577680,"authorId":4092458811577680,"name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":150526046,"type":1,"supId":0,"prevId":0,"content":"totally agree with you","text":"totally agree with you","html":"totally agree with you"},{"id":6081510,"gmtCreate":1633302047153,"gmtModify":1663234836328,"authorId":4092458811577680,"author":{"id":4092458811577680,"authorId":4092458811577680,"name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":150526046,"type":1,"supId":0,"prevId":0,"content":"Americans addicted to printing money. In the long term, there's no free lunch","text":"Americans addicted to printing money. In the long term, there's no free lunch","html":"Americans addicted to printing money. In the long term, there's no free lunch"}],"langContent":"EN"},{"id":150567292,"gmtCreate":1624922228716,"gmtModify":1703847795552,"author":{"id":"3584000899703971","authorId":"3584000899703971","name":"CGE","avatar":"https://static.tigerbbs.com/b8e167178f9d1ac99fa1763f8545f998","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150567292","repostId":1129950691,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150562760,"gmtCreate":1624922145550,"gmtModify":1703847792481,"author":{"id":"3584000899703971","authorId":"3584000899703971","name":"CGE","avatar":"https://static.tigerbbs.com/b8e167178f9d1ac99fa1763f8545f998","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comnent","listText":"Like and comnent","text":"Like and comnent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150562760","repostId":1129950691,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150568682,"gmtCreate":1624922081646,"gmtModify":1703847789568,"author":{"id":"3579421475844844","authorId":"3579421475844844","name":"ty91","avatar":"https://static.tigerbbs.com/6d9451c5894d6ca0b4485bad0568f720","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"Like please&nbsp;","listText":"Like please&nbsp;","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150568682","repostId":1129950691,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150519791,"gmtCreate":1624921132013,"gmtModify":1703847758504,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"BlueHi5","avatar":"https://static.tigerbbs.com/671977f31bd2446b8dbd85361aab6883","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150519791","repostId":1129950691,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":113,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1129950691"}