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Economist: The Federal Reserve will pause interest rate cuts for a long time, and should theoretically raise interest rates

Mohamed El-Erian, former chief executive of Pimco and dean of Queen's College, Cambridge, said the Fed might not cut interest rates "for quite some time" in the face of higher-than-expected inflation data, and might even tolerate higher inflation to protect economic growth.

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2025-02-13 04:41:23
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