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- Economist Mohamed El-Erian told CNBC on Friday the probability of a September rate hike by the Federal Reserve is well below what traders believe
Economist Mohamed El-Erian told CNBC on Friday the probability of a September rate hike by the Federal Reserve is well below what traders believe
"I think that's way too high," the chief economic advisor at Allianz said." "If I looked only at the U.S., I would buy the 92 percent. But I think there are other things happening in the world."
El-Erian's probability of a rate hike was above 50 percent because of "headwinds from the rest of the world."
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