EL-ERIAN WARNS MARKETS ON WILLIAMS’ DOVISH REMARKS Economist Mohamed El-Erian cautioned markets not to overreact to NY Fed President John Williams’ comments suggesting a near-term rate cut. He noted that Fed Chair Powell still faces a tough fight to unify the FOMC ahead of December 11. Williams’ remarks pushed the odds of a 25-basis-point December cut to 70%, up from 37%, but El-Erian said missing October CPI data and policymakers’ divisions make a decisive move uncertain. Boston Fed’s Susan Collins signaled skepticism, saying policy is “in the right place.” Meanwhile, Wall Street edged higher, with tech shares stabilizing after Thursday’s selloff.(*Walter Bloomberg)