Here's your summary from El-Erian Says Politics Threaten September Rate Cut Odds (https://www.youtube.com/watch?v=undQxIbuaWg) on the Bloomberg Television channel:

**TLDR:** El-Erian believes the Fed may delay rate cuts due to potential bad data points and political concerns post-elections in September.

1. El-Erian suggests that the Fed may delay rate cuts to November if they receive one bad data point and are overly reliant on data.

2. Political concerns post-elections in September may impact the Fed's decision on rate cuts.

3. The Fed is highly influenced by high frequency indicators, making predictions on rate cuts uncertain.

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