The Latest Breaking News from Mohamed A ElErian

China's central bank has increased its gold holdings for the tenth month in a row, reinforcing a broader global trend that economist Mohamed El-Erian says is reshaping how investors think about risk.

Gold prices surged to a four-month high on Monday, buoyed by expectations of a U.S. Federal Reserve rate cut and safe-haven demand.

Noted economist Mohamed El-Erian suggested that Chairman Jerome Powell‘s resignation could be a strategic move to maintain the operational autonomy of the Federal Reserve.

Mohamed El-Erian, a prominent economist and former CEO of PIMCO, has voiced significant concerns regarding the Federal Reserve, asserting that it is “getting harder to convince people that the Fed is apolitical.”

Mohamed El-Erian, Allianz's Chief Economic Advisor, warned Wednesday Dec. 4, 2024 about the growing intersection of political and economic challenges in France following Prime Minister Michel Barnier's historic no-confidence ouster, even as Greek bonds achieved parity with French sovereign debt for the first time since the Eurozone crisis.

Dollar Index and stock futures fall in premarket trading, global economy and markets will be influenced by data and central bankers this week.

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.

HSBC temporarily removes mortgage products for new customers, as borrowers face higher rates

The economist also said that the Fed will likely now “retreat” on interest rate hikes.