Inflation ‘Way Beyond’ Transitory Becoming Growing Issue for Markets, Economist Says

A trader works during the opening bell at the New York Stock Exchange in New York City on March 19, 2020. Johannes Eisele/AFP via Getty Images

Inflation that is now “way beyond” the transitory narrative is fast becoming a growing challenge as investors navigate the turbulent waters of sharp wage gains, a tightening labor market, and persistent price pressures, according to Queen’s College President and economist Mohamed El-Erian.

In an Oct. 11 interview on CNBC’s “Squawk Box,” El-Erian said it has become clear that inflation is going to become “more and more of an issue for markets” and that it will “separate winners and losers in a significant way.”