Surveillance: El-Erian Sees Inflation Stuck at 3%, Challenging Fed
‘We’re already seeing cost-push pressures in the pipeline,’ he says
A US warship launches a missile toward a Houthi rebel target in Yemen overnight — the latest reminder of a fragile geopolitical situation.
Source: US Central Command/US Central CommandWelcome to the Bloomberg Surveillance newsletter, a daily look at the best interviews and insights from Bloomberg Television and Radio’s flagship morning show co-hosted by Tom Keene, Jonathan Ferro and Lisa Abramowicz. Sign up here if you’re not yet a newsletter subscriber.
Investors had to digest a bellyful of macro and geopolitical news in the past 24 hours: a slightly hotter-than-expected US inflation print, US-UK airstrikes in Yemen and an uptick in oil, and then a cooler reading on American producer prices. Oh, and big banks’ earnings began, too.