Economist issues dire warning about the US economy

A leading economist has issued a dire warning about the - tearing into the for a 'policy blunder' that could send the country into recession.

Mohamed El-Erian, the chief economic advisor at Allianz, said on Sunday he fears the economy may be spiraling following a last week.

He places the blame on the Fed for keeping its main interest rate at a two-decade high since 2022 in its zeal to stifle .

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