El-Erian Predicts US Inflation to Reach 3% Due to Higher Oil Prices

Mohamed El-Erian, former Pimco CEO, forecasts that rising oil prices will push the U.S. inflation rate to 3% this year, potentially limiting the Federal Reserve's ability to support the labor market.

9 Mar, 17:14 — 9 Mar, 17:14

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marketwatchMostly Factual20d ago

Higher oil prices will push U.S. inflation rate to 3% this year, El-Erian says

Higher prices will push inflation upward in 2025, limiting the Federal Reserve’s ability to cushion the soft U.S. labor market, said former Pimco CEO Mohamed El-Erian.

By Greg Robb

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El-Erian Predicts US Inflation to Reach 3% Due to Higher Oil Prices

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Higher oil prices will push U.S. inflation rate to 3% this year, El-Erian says

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