Allianz

Having already laid the groundwork with two interest rate hikes this year, the Federal Open Market Committee took an unprecedented step to tighten its monetary policy Wednesday. As expected, the FOMC confirmed it would begin to contract its sizeable balance sheet and shrink its bond portfolio in...

After two consecutive months of better-than-expected payroll growth, with January and February beating estimates by a combined 87,000 jobs, the United States suffered a significant miss in its March employment figures. According to the Bureau of Labor Statistics establishment survey, total nonfarm...

The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent. Despite the fact that rising interest rates are typically bad for stocks and commodities like...

The exceptional February jobs report out Friday seems to have paved the way for the Federal Reserve to make an aggressive interest rate hike when it meets this week. In fact, the Fed Fund futures market is already pricing in a 100 percent chance of at least a 0.5 percent hike and a 93 percent...

The first monthly jobs report under President Donald Trump is officially in, and it’s a good one. On Friday morning, the Bureau of Labor Statistics reported the U.S. economy added 235,000 jobs in February, and the U.S. unemployment rate declined to 4.7 percent. The jobs number came in well...

Mohamed El-Erian, Allianz's chief economic adviser, was a guest on CNBC's "Squawk Box" segment on Tuesday and discussed three factors are moving stocks higher and two factors that could put a dent in the ongoing rally. El-Erian argued that the three factors boosting stock markets higher across the...

Even as 2016 whimpered to a tame close from a Main Street perspective, there is no denying of the fact that under former President Barack Obama, the economy staged a fairly decent recovery from the Great Recession. Data released earlier this year showed the economy expanding at a 1.9 percent...

The U.S. economy under Barack Obama seems to have faltered as the former president hit the homestretch. Advance estimates released by the Bureau of Economic Analysis report on Friday showed that the U.S. economy slowed more than expected in the fourth quarter, rendering the annual GDP growth...

It’s been called the future of finance. Everyone — from hedge fund managers to big banks to individual investors — is doing it. And yet, when it comes to quant investing, one person has been at the ball long before most people even knew about the party. Bartt Kellerman And His...

The Fed's task is now cut out. The U.S. economy is chugging along at a fairly decent clip and the job market, the spotlight of the Federal Reserve in its monetary policy deliberations, is kicking into top gear. Can it take its next step toward monetary policy normalization in the current...

Mohamed El-Erian, a well-respected economist and chief economic adviser at Allianz, isn't a fan of owning stocks. In an interview with Bloomberg, El-Erian said he isn't avoiding stocks because of the perceived risks. In fact, his portfolio composition contains assets generally considered to be...

Mohamed El-Erian, chief economic adviser at Allianz, spoke with Melissa Lee about assets he would own and about the impact of politics on financial markets. He said that he would be in cash right now, but if he had to choose between stocks and bonds, he would rather own bonds. He thinks that...

While the addition of 151,000 jobs in August wasn’t a particularly bad number for the U.S. economy, it fell short of consensus expectations of 180,000. MKM Partners economist Michael Darda also believes it was soft enough to eliminate the possibility of a September interest rate hike. “...

Somewhat quietly, the materials sector is enjoying a very solid year. The Materials Select Sector SPDR (NYSE: XLB) is up 15.2 percent, putting the largest materials exchange-traded fund in the upper echelon of the sector SPDR ETFs. Although the materials sector is one of the smallest sector...

Allianz's Chief Economic Adviser Mohamed El-Erian was a guest on CNBC Wednesday and offered a three-point plan for the U.S. economy to avoid a recession. According to El-Erian, the Federal Reserve and central banks across the world have already maxed-out on their ability to spur economic...