Mohamed El-Erian Says Softer Than Expected May Inflation Makes A 'Solid Case' For Rate Cut, Peter Schiff Holds The View Latest Numbers Mean 'Nothing' (CORRECTED)
The Federal Reserve, under Jerome Powell, kept interest rates within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market. This decision highlights the contrasting perspectives of prominent economic voices Mohamed El-Erian and Peter Schiff.