FOMC outlook - El-Erian expects this week they'll set up a June hike

Mohamed El-Erian, chief economic adviser at Allianz, . He expects a June Federal Reserve rate hike.

spoke with Reuters

– He said the FOMC hiking this week "remains a lower probability event"

Note that "Notwithstanding the headwinds from abroad" caveat. Abroad …. that’ll be China, yeah?

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