Mohamed El-Erian

The Federal Reserve will keep cutting interest rates after its September 2024 cut.

“The good news is, interest rates will continue to come down.”

Said on

3 November 2024 · Interview on CBS "Face the Nation with Margaret Brennan", days before a Fed meeting

Source

Transcript: Mohamed El-Erian on "Face the Nation with Margaret Brennan," Nov. 3, 2024 · CBS News

Should come true

No date given

How sure they sounded

none (stated flatly)

Categories

Economy

Importance

3 of 5 · US interest-rate path affects borrowing costs across the US economy.

Outcome

Accurate Happened 7 November 2024.

Four days later the FOMC cut the federal funds target range by 25 basis points to 4.50-4.75%, and it cut again in December 2024 and three times in late 2025.

Evidence:

• https://www.federalreserve.gov/newsevents/pressreleases/monetary20241107a.htm
• https://www.federalreserve.gov/newsevents/pressreleases/monetary20251210a.htm