Allianz's El-Erian says Fed will likely hike rates in September

Thu Apr 9, 2015 1:46pm EDT
 
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TORONTO, April 9 (Reuters) - The U.S. Federal Reserve will likely hike interest rates in September, Allianz chief economic adviser Mohamed El-Erian said on Thursday.

"Yes, the Fed will be the first to move. Notwithstanding last Friday's employment report, I think they will start hiking rates in September," El-Erian told a financial audience in Toronto. (Reporting by Solarina Ho; Editing by Chizu Nomiyama)