Mohamed El-Erian, the Chief Economic Advisor at Allianz, suggested that the latest inflation data could prompt the U.S. Federal Reserve to consider an earlier interest rate cut, potentially boosting bond and equity prices. What Happened: El-Erian took social media platform X, to share the latest U.S. inflation figures, indicating a potential shift in the Fed’s interest rate policy. “At 0.3%, the monthly increase in headline US CPI was better than the consensus forecast of 0.4%. The core measure was in line with the 0.3% forecast. These #inflation numbers and softer-than-expected retail sales d…
