International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas says he still expects just the one rate cut from the Federal Reserve in 2024.
Gourinchas cites a risk that the slow pace of disinflation could mean that rates stay higher for longer.
The IMF published its latest growth forecasts on Tuesday:
This article was written by Eamonn Sheridan at www.forexlive.com. Source