International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas spoke on Tuesday (US time).
He had remarks on the Fed posted earlier:
IMF expect only one Fed rate cut this year
and the IMF published its latest growth forecasts on Tuesday:
IMF leaves 2024 global growth forecast unchanged, bumps 2025 GDP
Gourinchas also spoke on Japan, concerned on short term inflation but seems a little more confident gfurhter out:
Bank of Japan faces challenge in ensuring price stability in
short-to-medium termCuts Japan 2024
economy growth forecast to 0.7% from 0.9% projected in April on auto
disruptions.Strong outcome of
wage talks likely to support turnaround in Japan consumption in H2Wage growth with
weak productivity gains may make it difficult for firms to moderate
price increases.
This article was written by Eamonn Sheridan at www.forexlive.com.
