Global stocks rally, El-Erian says US Fed faces communication challenge1 min read . Updated: 01 Dec 2022, 10:33 AM IST
The investors loosened their purse strings as Powell signaled slower hikes, even as he cautioned the inflation is still too high
Top economist Mohamed El-Erian, who has been repeatedly warning of inflation being sticky, expressed concern over market reaction to US Fed Jerome Powell's comments on US interest rates.
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