El-Erian: What the Fed will and won’t do
Here are four things Fed officials are likely to do and not do this week, according to Mohamed El-Erian, the chief economic adviser at Allianz.
When Federal Reserve officials started a rate-hiking cycle last month, they hoped their widely telegraphed policy action would neither derail the recovery nor overly destabilize financial markets.
As hard as it was for the officials to gauge exactly the extent of the financial markets' dependence on
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