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Mohamed El-Erian, former chief executive of Pimco and dean of Queen's College, Cambridge, said the Fed might not cut interest rates "for quite some time" in the face of higher-than-expected inflation data, and might even tolerate higher inflation to protect economic growth.
Erian, a prominent columnist and dean of Queen's College, Cambridge, said the current guessing game over the path of the Federal Reserve's monetary policy is causing market volatility. US Treasuries have already suffered a sharp sell-off after a strong September non-farm payrolls report prompted traders to quickly downgrade bets on the Federal Reserve's future sharp interest rate cuts. The decline since Friday has pushed yields on benchmark two-year and 10-year Treasuries above 4% for the first ...
EasyA, a Web3 education platform and incubator founded by graduates of Cambridge University and Wharton Business School, has announced an undisclosed amount of funding through the Web3 Foundation's "Decentralized Futures Grant" to host live hackathons in cities including San Francisco, London and Singapore to attract more Polkadot developers, in addition to launching a new education program "EasyA x Polkadot University".
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