El-Erian says Middle East turmoil is pushing up energy prices and sovereign borrowing costs worldwide. Despite in-line U.S. CPI data, markets still see over an 80% chance of a Fed rate hike this week.
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El-Erian says Middle East turmoil is pushing up energy prices and sovereign borrowing costs worldwide. Despite in-line U.S. CPI data, markets still see over an 80% chance of a Fed rate hike this week.
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