Mohamed A. El-Erian
@elerianm
Rene M Kern Prof of Prac at Wharton. Allianz Advisor. Gramercy Chair. Chair of UnderArmour Board. Former Pimco CEO/co-CIO and President of Queens' Col Cambridge
Joined July 2011
1.2K Following 1.1M Followers
As widely expected, the Fed kept interest rates unchanged in a 10–2 vote.
De facto avoiding forward guidance, the FOMC's statement noted that "the accumulation of more information will help the Conmittee determine the policy stance appropriate to ensure a timely return of inflation to the Committee's 2 percent target."
Both dissenters favored a rate hike.
Attention now shifts to Chair Warsh's press conference.
#economy# #markets# #federalreserve# #centralbanks#
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