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. Source