Middle East conflict is another negative shock to global economy, says Mohamed El-Erian
CNBC Television·2026-03-02 19:15
The surge in oil prices is a particular area to keep an eye on. It comes at a delicate time for the US economy. We saw a huge spike in the prices paid index of the ISM report just this morning and the rise in core goods prices in the PCE on Friday outside of COVID was the highest since 1992.Our next guest warns that a stagflationary wind is starting to blow through the US economy. Muhammad Alan is chief economic adviser at Aliance and the former CEO of PIMCO. Muhammad, welcome to you.We're going to hear fro ...