IMF expect only one Fed rate cut this year ...Middle East

International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas says he still expects just the one rate cut from the Federal Reserve in 2024.Gourinchas cites a risk that the slow pace of disinflation could mean that rates stay higher for longer. The IMF published its latest growth forecasts on Tuesday:IMF leaves 2024 global growth forecast unchanged, bumps 2025 GDP This article was written by Eamonn Sheridan at www.forexlive.com.

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