With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.
With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.

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El-Erian Thinks Fed Projections Need Revision

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Mohamed El-Erian criticizes the Federal Reserve's economic projections, arguing that they are overly pessimistic regarding unemployment and overly optimistic regarding inflation. El-Erian believes that the Fed will be compelled to revise downward their forecast of 4.5% unemployment by the year's end and revise upward their projection of 3.3% PCE inflation at the same time.

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