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Stocks and bonds are in for a 'painful' journey and cash is safer, according to top economist Mohamed El-Erian

El-Erian said recently that the odds of the US avoiding a recession have come down amid high interest rates and bond market volatility. ....

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powell: Fed chief Powell has warned of economic pain. In Pennsylvania, he heard it from the people

Federal Reserve Chair Jerome Powell faced concerns from residents, community leaders, and business owners in York, Pennsylvania, about inflation and uncertainty. People expressed difficulty in making ends meet due to rising prices and a lack of accessible child care. Business owners highlighted the challenges of operating in an unpredictable environment. Powell assured them that the central bank is aware of these pressures and is taking steps to stabilize the economy, protect jobs, and tame inflation. ....

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