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Higher oil prices will push U.S. inflation rate to 3% this year, El-Erian says

By Market Watch March 09, 2026 Bearish
Higher oil prices will push U.S. inflation rate to 3% this year, El-Erian says
Higher prices will push inflation upward in 2025, limiting the Federal Reserve's ability to cushion the soft U.S. labor market, said former Pimco CEO Mohamed El-Erian.
Higher prices will push inflation upward in 2025, limiting the Federal Reserve's ability to cushion the soft U.S. labor market, said former Pimco CEO Mohamed El-Erian.