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- The US Federal Reserve has a "real problem" with communication, top economist Mohamed El-Erian told Bloomberg TV.
- The Fed last week signaled rate cuts for next year, sending the markets on a rally.
- But several Fed officials are now saying the markets are getting ahead of themselves.
The US Federal Reserve's statements aren't the easiest to decipher.
They get so wordy and dense that banks and research houses employ teams of people to decode them, and it doesn't help that Fed officials sometimes give conflicting statements.