🌐 Dr. Mohamed El-Erian’s summary: The markets now recognize that the economy has slowed down, and they have accepted this fact. They believe the Federal Reserve should cut rates by 50 basis points and not delay further.
💠 He also criticizes the Federal Reserve for not providing any clarification and notes the significant uncertainty surrounding economic data.
💠 El-Erian believes that Tuesday’s data may provide additional insight into the economy.
