"Economy has made considerable progress on labour, inflation," says FED chairman
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Mohamed A. El-Erian
elerianm
Softer-than-expected May #inflation resulted in a below-consensus-expectation annual reading of 3.4% for the core measure and 3.3% for headline.
While this data release strengthens what I already feel is a solid case for a #FederalReserve cut in June/July—and, if not, certainly…