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El-Erian Highlights Disappointments In Latest Consumer Confidence Data As Job, Income Concerns Loom Large
Erian, Chief Economic Advisor at Allianz, on Tuesday listed out three disappointing aspects of the latest Consumer Confidence ...
Mohamed A. El-Erian, an advisor at Allianz and former head of Pimco, pointed out in a post on X on Friday that signs of stagflation can be seen in the latest batch of global economic data. Japanese ...
Mohamed El-Erian, chief economic adviser at Allianz, is warning that lower-income Americans are under "significant pressure" and that a halt to their spending would weigh on the economy as a whole.
Lower-income consumers could pull back on spending and "contaminate" the rest of the economy, he said. He's also watching for potential credit "accidents" as debt gets refinanced at higher rates.
Economist Mohamed El-Erian expressed concern, as consumers and businesses pull back spending and investors appear to question the role of the U.S. dollar. Thursday morning, we learned that gross ...
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