Focus on Fed hike's timing is a distraction, says Mohamed A. El- Erian

Mohamed A. El- Erian says too much obsession into exact timing of the Federal Reserve's next interest rate hike

IT IS unfortunate to see market participants and observers obsess so much over the exact timing of the Federal Reserve's next interest rate hike. Speeches and comments by Fed governors and regional presidents are dissected for any hint: Will it be next week or will central bankers wait until December?

Fed lifts off, barely