Jul 1, 2022 - 5 min
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Rate rises and the Fed's balance sheet contraction may still pull the rug from under the economy. Inflation rates are still at an all-time high, and even though Summer 2022 reports imply that the US will avoid the foreshadowed recession, Mohamed El-Erian explains why it's still too early to declare that the risk is over. Although, we can still hope.