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- The Fed should start cutting interest rates in July, but likely won't, Mohamed El-Erian said.
- "We've had nothing but negative surprises," he told Fox Business.
- These include disappointing retail sales and manufacturing prints, signaling a cooling economy.
While markets dissect economic data points to determine whether interest-rate cuts will come this fall, Mohamed El-Erian says there's enough to support cuts in July.
In an interview with Fox Business on Tuesday, the prominent economist cited a slew of cooling indicators that would support a Federal Reserve policy easing next month.
"We've had nothing but negative surprises," he said. "All that is saying to us is that the economy is slowing much faster than most people expected, including the Fed."