- Yahoo Finance Video•15 hours ago
With the Fed meeting today and announcing its policy decision tomorrow, Allianz's Mohommad El-Erian says the Fed risks 'collateral damage' by keeping rates low
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- Bloomberg•21 hours ago
Allianz SE’s Mohamed El-Erian said Federal Reserve policymakers must be aware of the diminishing returns of keeping interest rates so low and need to be aware of the possibility of “unintended consequences” from their approach. “If the Fed continues with interest rates being too low, it risks causing collateral damage,” El-Erian, Allianz’s chief economic adviser, said Tuesday in a Bloomberg Television interview. El-Erian said central bankers could view the weak labor market in May as an outlier when the Fed announces its rate decision Wednesday.
|Bid||129.00 x 214900|
|Ask||129.05 x 10000|
|52wk Range||118.35 - 170.00|
|Day's Range||127.20 - 129.15|
|Avg Vol (3m)||1,740,462|
As of 8:08 AM EDT. XETRA Delayed Price. Market open.