Fed should wait with liftoff to see firm inflation signs: IMF note

November 12, 2015 3:35 PM

16 0

Fed should wait with liftoff to see firm inflation signs: IMF note

WASHINGTONThe U.S. Federal Reserve should wait to see firm signs of rising inflation as well as a stronger labor market before hiking benchmark interest rates, an International Monetary Fund paper said on Thursday.

In a report prepared for the upcoming Group of 20 meeting in Turkey, IMF staff said spare economic capacity and very low inflation justified keeping monetary policy loose in most major advanced economies.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

Read more

To category page

Loading...