In an interview with CNBC’s “Squawk on the Street,” Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), expressed her belief that the Federal Reserve is poised to initiate interest rate cuts by the close of 2024. However, Georgieva cautioned against premature action, emphasizing the importance of relying on data-driven decisions.

Georgieva’s remarks follow recent inflation data indicating price growth exceeding the Fed’s 2% target, heightening concerns that the central bank might delay rate...

https://ratecaptain.com/imf-urges-central-banks-to-begin-interest-rate-cuts-by-end-of-2024/