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

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

Ak March 9, 2026

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

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Former Pimco CEO Mohamed El-Erian said higher prices would push inflation upward into 2025, limiting the Federal Reserve’s ability to prop up the soft US labor market.

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