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IMF sees Fed making single rate cut as tariffs lift inflation then fade
The International Monetary Fund (IMF) on the 25th (local time) predicted that the U.S. Federal Reserve (Fed) will cut the benchmark interest rate once this year. In a U.S. economic outlook report released that day, the IMF projected that the interest rate would be 3.25%–3.50% at year-end. The U.S. rate is currently 3.50%–3.75%, and the IMF expects the Fed to lower it by 0.25 percentage point once within the year. The IMF's forecast is somewhat at odds with U.S. President Donald Trump's demand for a steep rate cut. The IMF said the personal consumption expenditures (PCE) price index, a key gauge for rate ... (full story)
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