El-Erian Says Softer CPI Print Should Help 'Temper' Hawkish Tilt As Markets Rethink Fed Path
Mohamed El-Erian, Chief Economic Advisor at Allianz, said on Tuesday that the softer-than-expected June Consumer Price Index (CPI) reading should help “temper” what had become a “hawkish market tilt” toward monetary policy.The Consumer Price Index rose 3.5% from a year earlier in June, below expect…