International Monetary Fund (IMF) says the Fed should be able to cut rates by end 2024

Kristalina Georgieva, managing director of the International Monetary Fund spoke in a US media interview (CNBC).

• “We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction of bringing interest rates down,”
• “But again, don’t hurry until the data tells you you can do it.”

Where will USD/JPY be by the end of 2024 if the Fed doesn’t cut until, say, December? Let me know in the comments!

This article was written by Eamonn Sheridan at www.forexlive.com.