Fed should be able to cut rates by end 2024, IMF managing director says
Trending Articles- 270,000 People Instantly Liquidated. Crypto Earthquake, Just Because This Person Might Take Over the Fed?
- Is Silver’s ‘Meme Moment’ Arriving? Surging Prices Mask Momentum Bubble Concerns
- Gold Price Forecast: XAU/USD gains momentum to near $5,050 amid geopolitical risks, Fed uncertainty
- Dollar Slumps to Four-Year Low, Trump Still Says ‘Dollar Is Doing Great’?
- Bitcoin No Longer Digital Gold? Gold and Silver Token Market Cap Hits Record $6 Billion
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP deepen sell-off as bears take control of momentum
The Federal Reserve (Fed) should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund.
Key quotes
“We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction of bringing interest rates down,”
“But again, don’t hurry until the data tells you you can do it.”
“Inflation is going down.”
“But, it is not yet where we want it to be.”
Market reaction
At the press time, the US Dollar Index (DXY) was down 0.01% on the day to trade at 105.27.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
