El-Erian said the Fed may well tolerate higher inflation instead of pushing the economy into recession to hit its 2% target. But he also said investors are over-reacting by pricing in sharp rate cuts. Market prices have swung wildly in recent days as traders bet on a drop in borrowing costs amid signs that inflation is falling and comments from Fed Chair Jerome Powell that the actions taken so far have pushed policy “well into restrictive territory.”
Oil falls on open as Trump says fresh Iran attacks ‘unlikely’
Oil prices fell at Monday’s open after US President Donald Trump said he was highly unlikely to order fresh attacks on Iran as long as
November 9, 2026