Mohamed El-Erian: 'Almost Impossible' for Fed Not to Hike Interest Rates

The market prognosticator discusses the reasons a hike is likely and his outlook

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Dec 07, 2015
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Mohamed El-Erian, chief economic adviser at Allianz, told Bloomberg on Friday that "it's almost impossible for the Fed not to hike," interest rates at their December meeting, barring a major catastrophe. The positive jobs report, slightly better wages and inflation, and considerations of financial stability in the future have given them a green light, he said in the video below.