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IMF: Fed should wait until 2016 to raise interest rates
Thursday, June 4, 2015 9:50
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The Federal Reserve should wait until the first half of 2016 before raising interest rates because inflation remains too low and there are “significant uncertainties as to the future resilience of economic growth,” the International Monetary Fund said Thursday in its annual review of the U.S. economy.
After the economy shrank in the first quarter, the agency also cut its forecast for U.S. growth this year to 2.5% from 3.1% in April.
The IMF's recommendation runs counter to Fed policymakers' public statements that the central bank probably will raise it benchmark rate this year. The rate has been near zero since the 2008 financial crisis …. http://www.usatoday.com
Source: http://luismmx.blogspot.com/2015/06/imf-fed-should-wait-until-2016-to-raise.html
