El-Erian Says Jobs Report Miss Won't Stop Fed Hike in July

The video discusses the Federal Reserve's anticipated rate hike in July, despite a miss in job creation. It highlights the volatility in the fixed income market, emphasizing the lack of a policy anchor and regime change. Additionally, it points out the risks faced by the most vulnerable segments of the population, as indicated by the jobs report.

What is the significance of wage growth and labor force participation in the context of unemployment?

In what ways does the current economic situation challenge traditional policy anchors?