Mohamed El-Erian

Tuesday, 18 June, 2024

Markets InsightFederal Reserve

Fed needs to cut interest rates sooner rather than later

Delay by US central bank in easing monetary policy could jeopardise soft economic landing

Thursday, 30 May, 2024

Markets InsightMonetary policy

Europe may soon discover the limits of decoupling on rates

Monetary policy in advanced countries is diverging in a manner that was thought highly unlikely just a few months ago

Thursday, 2 May, 2024

Markets InsightFederal Reserve

Powell’s dovishness is right, but not for the reasons he believes

Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy

Friday, 19 April, 2024

Middle East conflict

Markets are a frog in boiling water on Iran-Israel

While the reaction to the latest hostilities has been tame, the global economy is too fragile for a new crisis

Monday, 8 April, 2024

Markets InsightAsset allocation

Inverted pyramid of investments needs shoring up

The shift towards more opportunistic and tactical positions is risky

Tuesday, 26 March, 2024

Markets InsightMonetary policy

A turning point in central banking

Last week’s monetary policy moves mark a shift away from strict inflation targeting

Tuesday, 5 March, 2024

Markets InsightChinese business & finance

Foreign investors are right to see China as a trade more than a long-term bet

Country faces clear and present danger of falling into middle-income trap

Thursday, 15 February, 2024

Markets InsightArtificial intelligence

How Gen AI will change asset management

The industry serves as a natural experiment for a technology that will change practices, organisations and regulations

Monday, 29 January, 2024

Markets InsightGlobal Economy

The conflicting forces at work in the global economy

The outlook is brighter but a legacy of over-indebtedness, low-quality growth and darkening geopolitics must be dealt with

Tuesday, 16 January, 2024

Markets InsightGlobal Economy

A warning shot over the last mile in the inflation battle

US data highlights the challenges facing the Fed in attaining its 2% inflation target

Monday, 18 December, 2023

Markets InsightUS interest rates

The Fed should resist market bullying

Central bank is facing pressure to take an even more dovish stance

Thursday, 7 December, 2023

Markets InsightUS interest rates

The peculiar market divide on the rate outlook

Investors should beware of disregarding the signals emitted by the Fed

Tuesday, 21 November, 2023

Markets InsightAutumn Statement

The risks of tax cuts in Jeremy Hunt’s Autumn Statement

UK chancellor should direct more resources to AI, life sciences and the green energy transition

Monday, 6 November, 2023

Markets InsightMonetary policy

The big central banks need to use their time outs wisely

Policymakers should go well beyond data analysis in looking to the future

Tuesday, 17 October, 2023

Markets InsightUS Treasury bonds

US bond market is losing its strategic footing

Unusual volatility in yields points to longer-term challenges for most influential segment of world’s financial markets

Tuesday, 10 October, 2023

Investments

Why Mohamed El-Erian favours cash over equities for now

Top economist reveals his personal investment strategy on the FT’s Money Clinic podcast

Thursday, 5 October, 2023

Markets InsightUS economy

The US may no longer avoid a recession

The economy is likely to weaken as markets internalise the significant likelihood that rates will stay higher for longer

Wednesday, 4 October, 2023

ReviewBooks

Permacrisis — Gordon Brown and Mohamed El-Erian’s blueprint for global governance

Ways to fix a broken system and revamp our approach to economic management

Friday, 22 September, 2023

Global Economy

The plight of the ‘permacrisis’ and what to do about it

The complexity of central banks’ ‘last mile’ on inflation is part of a bigger economic challenge

Friday, 8 September, 2023

Markets InsightChinese economy

It’s no longer a given that China will become the world’s largest economy

Markets need to recognise that the country is not reverting to its old economic and financial playbook

Monday, 21 August, 2023

Markets InsightMacroeconomics

The choices of strategy for Jay Powell

The Fed chair has a multiplicity of targets for whatever approach he takes at Jackson Hole address on Friday

Tuesday, 1 August, 2023

Markets InsightGlobal Economy

Investors should still expect a bumpy road ahead

Market optimism about convergence in the global economy is overdone

Tuesday, 18 July, 2023

Markets InsightUK inflation

Just blaming wage growth for inflation is dangerous

It raises risk of economic stagnation, further exacerbating the current inflation and interest rate predicament

Monday, 3 July, 2023

Markets InsightCentral banks

A defining moment for central banking

In the face of a stubborn trilemma of challenges, central banks need help to restore policy credibility

Monday, 12 June, 2023

Markets InsightFederal Reserve

The framing of the Fed call on rates is too narrow

A ‘skip’ at this week’s policy-setting meeting may be the worst of three imperfect policy options