Assertion: global financial condition | /r/CapableOf | undermine the u.s. recovery
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text: Mohamed El-Erian: The Fed's decision to hold off on a rate hike reflects the extent to which it is worried about further destabilization in global financial condition spilling back and undermining the U.S. recovery, they are reluctant to add to international financial fragility - and they wish to limit adverse spillback to the U.S. economy.