IMF says Fed should wait until at least late 2024 to cut rates

• It would be prudent for the Fed to wait for clearer evidence that inflation is sustainably returning to 2%
• US should consider scaling back tax exemptions for employer-paid health care, capital gains on the sale of primary residences
• US has a pressing need to reverse ongoing increase in public debt
• US should consider progressively raising income tax rates, including those earning less than $400,000
• US should consider scaling back deductions for mortgage interest

Everyone loves when the IMF makes suggestions on how to run a country. You can be sure the Fed and Washington will toss these recommendations right in the garbage can.

This article was written by Adam Button at www.forexlive.com.