Wall Street misjudges the Federal Reserve? Allianz chief El-Erian: Market misreads as hawkish, dot plot rate hike forecast "suspect"

Zhito Financial APP learned that Mohamed A. El-Erian, chief economic adviser of Allianz, stated that financial markets fundamentally misjudged the latest decision of the Federal Reserve to maintain interest rates unchanged, believing it to be too hawkish. This economist, in an interview, stated that investors are using outdated strategies to deal with a central bank that is currently undergoing significant transformation. El-Erian emphasized that the current leadership of the Federal Reserve is focused on institutional reform to achieve better policy outcomes.