Mohamed El-Erian: The better news on inflation must be sustained ...Middle East

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Mohamed El-Erian: The better news on inflation must be sustained
It is a genuine relief to many — including me — that Wednesday’s U.S. inflation numbers came in lower than consensus forecasts had predicted, both for the headline and core measures. This is good news for Americans facing crippling bills, eroding purchasing power and mounting economic insecurity. It is also good news for markets, illustrating the extent to which the economy and finance are aligned on the importance of controlling a multi-dimensional menace that has been eroding the prospects for inclusive and sustainable growth.    That’s the good news, and it is welcomed progress after a year-plus of almost nonstop disappointments. Yet, with inflation still too high, it is progress th

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