Stock investors should keep riding rally even though the Fed may be making mistake, El-Erian says

El-Erian: Stock investors should keep riding rally even though Fed may be making mistake

Stock investors should keep enjoying the ride for now after the Federal Reserve decided to maintain its massive monetary stimulus in the face of higher inflation, Mohamed El-Erian said Thursday.

"If you're in the equity market this is not dramatic because the equity market will continue to live in the liquidity moment, and the liquidity moment continues," the Allianz advisor and former PIMCO CEO told CNBC's "Squawk Box." "We're going to have ample and predictable injections of liquidity for the rest of this year."

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